According to the latest shareholding update, Kela acquired 33.41,700 shares in Waaree Energies, securing a 1.16% stake in the solar photovoltaic module manufacturer with an investment of Rs 870.6 crore.
Additionally, Kela purchased 33,79,834 shares in Indostar Capital Finance, representing a 2.48% stake in the non-banking financial firm, valued at Rs 94.5 crore.
Notably, Kela did not hold a stake in either of these companies during the September quarter, or her holding was below the 1% disclosure threshold.
As per corporate shareholdings filed for December 2024, Madhuri Madhusudan Kela publicly holds 11 stocks with a net worth of over Rs 1,414.3 crore, according to Trendlyne data.
Waaree Energies shares and financials
Battery manufacturing player Waaree Energies has delivered a robust 73.34% gain in share price over the past year, with a modest 1.57% rise in the last week. The stock closed 1.71% lower on Friday at Rs 2,604.40 on the BSE.
In Q2FY25, the company reported flat consolidated revenue of Rs 3,574 crore, compared to Rs 3,537 crore in Q2FY24. EBITDA rose 1.5% YoY to Rs 525 crore, with margins slightly improving to 14.7% from 14.6% in the previous year. Sequentially, margins contracted by 152 bps from 16.2% in Q1FY25. Profit after tax surged 17% YoY to Rs 376 crore, driven by a sharp increase in other income, which rose to Rs 89.09 crore from Rs 21.25 crore in the year-ago quarter.
Indostar Capital Finance shares and financials
Over the past six months, the stock has delivered a solid return of 16.36%, climbing to an impressive 38.77% over the past year. Shares closed 1.82% higher on Friday at Rs 279.25 on the BSE.
In Q2, the NBFC reported a robust 27.9% year-over-year rise in profit, supported by an 8.05% growth in topline revenue despite a sequential decline. Quarterly revenue fell 13.11%, while profit rose 27.08%, highlighting the company’s strong cost controls. Selling, General, and Administrative (SG&A) expenses dropped 5.28% quarter-over-quarter, even as they increased 24.68% year-over-year, demonstrating effective expense management.
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