PIWORLD’s Post

Profits and sales have risen at pawnbroker H&T, driven by growing demand for the listed company's foreign currency service and improved margins on over-the-counter gold purchases https://lnkd.in/dRVrzFBe

Modestly valued | Bonkers Bargain update | Cash flow FRP Advisory Group #FRP Future #FUTR H&T Group #HAT Redcentric #RCN  It’s all about the free cash flow for several companies covered here, although in one instance management’s calculation of this differs significantly from Investor's Champion's. In a highly supportive market for its core activities, one of AIM’s corporate undertakers is also performing well, but cash flow is also the thing to focus on with this business. (Premium) https://lnkd.in/eSUked8k

DGFT vide Public Notice No. 05/2024 dt. amended the wastage norms with reference to Gold/Platinum and other related items. The revised wastage rates have been kept so low that various representations have been sent in this regard by the trade associations. Consequently, DGFT is continuously postponing the effective date of implementation the said public notice and the same has been has been kept in abeyance till 31.10.2024. The proposed wastage percentage has been kept as low as 0.5% and 0.7% (in some cases) as compared to previously rates of 2.5% and 5%. Interestingly, (as contended by the members of the jewellery manufacturer) the actual wastage in the jewellery sector is 8-10%. Links of the relevant notifications are as under: Original public notice: https://lnkd.in/g84FGirF Latest public notice: https://lnkd.in/gDUu8x7H #foreigntradepolicy #jewelleryexport #indirecttaxupdates #exportlawsupdates #indiantaxationlaws

Section 69A – Unexplained Money, etc: *In any F.Y., the assessee is found to be the owner of Money / Bullion / Jewellery / other valuable article. *Not recorded in Books of accounts, if any maintained and *No explanation about nature or source of such acquisition or *Explanation offered is not satisfactory *Such money etc., may be deemed to be income of that year u/s. 69A #incometaxindia #finance

MARKETS DO HAVE PRICES, but these prices are numbers. in the numbers is an inherit connection with what the next trend will do. when you see it over and over again you realize the advantage it gives you. #s&p500 #traders #investing

#MarketsWithBS | Titan shares fell 3% despite a strong Q2 business update. What’s behind this surprising dip? Read Tanmay Tiwary's report to uncover the factors at play 👉 https://mybs.in/2dZeGhi #markets #titan #sharemarket #stockmarket

📈 Wholesale Arbitrage Dashboard - Calendar Week 24 The morning spread is narrowing and the evening spread is widening. At 50 cents/kWh LCOS, there were only two days last week where it was worth taking an arbitrage position. And that does not even include network fees. I am curious to see if the morning spread "disappears" or if it continues to provide an alternative opportunity for companies. Interestingly, 10% of this year's arbitrage profits could have been realised last week... 15th of June had -83 €/MWh price at 15.00.

BUY NSE:LICHSGFIN CMP=645 | T=658,683 | SL=625 | RRR=2:1 Inverted Head and Shoulder Volume spike in morning Volume three times of daily average volume Lot size = 1000 #tradinginsights #trader #stockmarket #stockmarketindia #bullrally

Titan Q4 results: Dividend of Rs 11 declared, net profit increases 7% to Rs 786 crore. Due to significant demand for the precious metal during the wedding season, higher gold prices have caused the firm to miss projections. In the March quarter, Titan Company declared a standalone net profit of Rs 786 crore, up 7% from Rs 734 crore in the same period last year, as announced on May 3. The profit was predicted by Moneycontrol to increase by 10.5 percent on an annual basis to Rs 811 crore based on a survey of six brokerages. According to a regulatory statement from the firm, the timepiece and jeweller's revenue for the quarter ended March 17th, 2023, was Rs 10,047 crore, up 17% from Rs 8,553 crore in the same period 2016. With a growth of 11.4 percent from the same quarter last year, the brokerages estimated sales at Rs 11,054 crore. With a 6.2 percent growth, earnings before interest, tax, depreciation, and amortisation (EBIDTA) came in at Rs 1,109 crore for Q1. Margin on EBITDA dropped 90 basis points year over year to 9.9 percent. Following the conclusion of the 40th Annual General Meeting, and subject to shareholder approval, the Board has recommended a dividend of Rs 11 per equity share with a face value of Re 1. Jewellery Segment  Titan's overall income for the most recent quarter was approximately Rs 8,998 crore, up 19% from the same period the previous year. In particular, during this period, the Indian business rose by 20%. The earnings before interest and taxes, or EBIT, for the quarter came to approximately Rs 1,089 crore, with a margin of 12.1%. The business recorded a 20% increase in overall revenue over the course of the year, or about Rs 38,353 cr. By comparison, the same EBIT for the fiscal year 2024 was roughly Rs 4,726 crore, with a margin of 12.3%. Titan’s Jewellery now has 16 locations worldwide thanks to Tanishq’s global expansion, which included new store openings in Chicago, USA, and Dubai. Throughout the quarter, Mia added 16 new stores, while Tanishq opened 11 new locations in India. Watch and Wearables Segment After seeing 9% domestic growth, the company's overall income for the quarter was around 940 crores, an 8% rise over Q4FY23. Over 80 crores were earned in earnings throughout the quarter, with an 8.5% margin. The division saw an increase in total income of 18% during the fiscal year, coming in at approximately Rs 3,904 crore. FY24 saw an EBIT of approximately Rs 397 crore, with a margin of 10.2%. A rise in premiumization and higher average pricing propelled an around 9% annual growth in analogue watch revenues, which amounted to approximately 787 crores. The revenue from wearables increased by only 3% in comparison to the previous year, despite a doubling in volume. In Titan and Helios' favour, the premiumization tendency persisted. A 13% rise in volumes helped international brand analogue sales see a revenue boost of over 22% year over year.

Transitioning your business to the next generation can be challenging especially if you’re leaving significant tax dollars on the table. My latest article with Jewellery Business Magazine delves into how you can navigate this transition and effectively utilize Bill C-208 to protect your business and your next generation. Uncover insights and actionable takeaways through real-life examples in my article on page 22 in this Month's Feature of Jewellery Business Magazine. https://lnkd.in/eVbGiJrN #FamilyBusiness #FamilyBusinessAdvisor #MNP #BillC208