**Ashika_Result at a Glance_February 07, 2025** Mahindra & Mahindra Ltd.: Net Revenue at Rs. 41470.1 crore, +17.5% YoY, and+9.4% QoQ. EBITDA at Rs. 8230.7 crore, +32.2% YoY and +15.4% QoQ. EBITDA Margin at 19.8%, +222 bps YoY and +104 bps QoQ. Net Profit at Rs. 3624.5 crore, +21.7% YoY and +7.8% QoQ. Mazagon Dock Shipbuilders Ltd.: Net Revenue at Rs. 3143.6 crore, +33.1% YoY, and+14% QoQ. EBITDA at Rs. 817.1 crore, +51.5% YoY and +60% QoQ. EBITDA Margin at 26%, +317 bps YoY and +747 bps QoQ. Net Profit at Rs. 807.0 crore, +28.8% YoY and +37.9% QoQ. Ashika Alkem Laboratories Ltd.: Net Revenue at Rs. 3374.3 crore, +1.5% YoY, and-1.2% QoQ. EBITDA at Rs. 759.4 crore, +7.3% YoY and +0.9% QoQ. EBITDA Margin at 22.5%, +122 bps YoY and +46 bps QoQ. Net Profit at Rs. 640.8 crore, +6% YoY and -8.7% QoQ. Linde India Ltd.: Net Revenue at Rs. 605.9 crore, -14.2% YoY, and-4.5% QoQ. EBITDA at Rs. 192.2 crore, +3.2% YoY and +7.4% QoQ. EBITDA Margin at 31.7%, +535 bps YoY and +353 bps QoQ. Net Profit at Rs. 116.3 crore, -3.1% YoY and +9.3% QoQ. Honeywell Automation India Ltd.: Net Revenue at Rs. 1090.8 crore, +1.8% YoY, and+6.5% QoQ. EBITDA at Rs. 142.0 crore, -11.6% YoY and +10.1% QoQ. EBITDA Margin at 13%, -198 bps YoY and +42 bps QoQ. Net Profit at Rs. 132.1 crore, +3.3% YoY and +14.8% QoQ. Ashika 3M India Ltd.: Net Revenue at Rs. 1090.0 crore, +8.4% YoY, and-1.9% QoQ. EBITDA at Rs. 154.1 crore, -13.7% YoY and -16% QoQ. EBITDA Margin at 14.1%, -362 bps YoY and -237 bps QoQ. Net Profit at Rs. 113.8 crore, -15.9% YoY and -15% QoQ. AIA Engineering Ltd.: Net Revenue at Rs. 1066.2 crore, -8.8% YoY, and+2.1% QoQ. EBITDA at Rs. 283.1 crore, -9% YoY and +2.7% QoQ. EBITDA Margin at 26.5%, -7 bps YoY and +15 bps QoQ. Net Profit at Rs. 258.9 crore, -7.5% YoY and +1% QoQ. Ashika Cholamandalam Financial Holdings Ltd.: NII at Rs. 5209.4 crore, +19.8% YoY and +3.5% QoQ. Net Profit at Rs. 1092.9 crore, +6.4% YoY and -2.9% QoQ. Delhivery Ltd.: Net Revenue at Rs. 2378.3 crore, +8.4% YoY, and+8.6% QoQ. EBITDA at Rs. 102.4 crore, -6.3% YoY and +78.8% QoQ. EBITDA Margin at 4.3%, -68 bps YoY and +169 bps QoQ. Net Profit at Rs. 25.0 crore, +113.5% YoY and +144.9% QoQ. Caplin Point Laboratories Ltd.: Net Revenue at Rs. 493.0 crore, +13.2% YoY, and+2% QoQ. EBITDA at Rs. 162.3 crore, +14.1% YoY and -1.5% QoQ. EBITDA Margin at 32.9%, +25 bps YoY and -118 bps QoQ. Net Profit at Rs. 140.1 crore, +16.9% YoY and +7.1% QoQ. Century Plyboards (India) Ltd.: Net Revenue at Rs. 1140.5 crore, +21.7% YoY, and-3.6% QoQ. EBITDA at Rs. 129.5 crore, +22.1% YoY and +16.3% QoQ. EBITDA Margin at 11.4%, +4 bps YoY and +195 bps QoQ. Net Profit at Rs. 58.8 crore, -6.1% YoY and +47.1% QoQ. Ashika Action Construction Equipment Ltd.: Net Revenue at Rs. 875.1 crore, +16.2% YoY, and+15.6% QoQ. EBITDA at Rs. 134.9 crore, +31.3% YoY and +24.3% QoQ. EBITDA Margin at 15.4%, +177 bps YoY and +107 bps QoQ. Net Profit at Rs. 111.7 crore, +26.6% YoY and +17.8% QoQ. Akzo Nobel India Ltd.: Net Revenue at Rs. 1050.5 crore, +1.7% YoY, and+6.9% QoQ. EBITDA at Rs. 166.9 crore, +0.3% YoY and +14% QoQ. EBITDA Margin at 15.9%, -23 bps YoY and +98 bps QoQ. Net Profit at Rs. 108.6 crore, -4.6% YoY and +10.9% QoQ. Ashika Nava Ltd.: Net Revenue at Rs. 842.5 crore, -9.4% YoY, and-6.4% QoQ. EBITDA at Rs. 449.8 crore, +9.7% YoY and +8.7% QoQ. EBITDA Margin at 53.4%, +928 bps YoY and +745 bps QoQ. Net Profit at Rs. 356.4 crore, -23.4% YoY and +8% QoQ. Garware Hi-Tech Films Ltd.: Net Revenue at Rs. 466.4 crore, +2.8% YoY, and-24.8% QoQ. EBITDA at Rs. 81.2 crore, +8.1% YoY and -40.7% QoQ. EBITDA Margin at 17.4%, +85 bps YoY and -464 bps QoQ. Net Profit at Rs. 60.8 crore, +8.8% YoY and -41.7% QoQ. Ashika Edelweiss Financial Services Ltd.: NII at Rs. 1315.1 crore, -21.3% YoY and -39.1% QoQ. Net Profit at Rs. 155.2 crore, +1.9% YoY and +13.3% QoQ. Balrampur Chini Mills Ltd.: Net Revenue at Rs. 1192.1 crore, -3.1% YoY, and-8.2% QoQ. EBITDA at Rs. 123.8 crore, +9.2% YoY and +152.2% QoQ. EBITDA Margin at 10.4%, +117 bps YoY and +660 bps QoQ. Net Profit at Rs. 70.5 crore, -22.8% YoY and +4.9% QoQ. Ashika Happy Forgings Ltd.: Net Revenue at Rs. 354.3 crore, +3.6% YoY, and-1.9% QoQ. EBITDA at Rs. 101.5 crore, +6.6% YoY and -3.7% QoQ. EBITDA Margin at 28.6%, +80 bps YoY and -54 bps QoQ. Net Profit at Rs. 64.5 crore, +11.5% YoY and -9.6% QoQ. Ashika Zaggle Prepaid Ocean Services Ltd.: Net Revenue at Rs. 336.9 crore, +68.9% YoY, and+11.3% QoQ. EBITDA at Rs. 29.0 crore, +42.1% YoY and +8.4% QoQ. EBITDA Margin at 8.6%, -162 bps YoY and -23 bps QoQ. Net Profit at Rs. 19.7 crore, +29.7% YoY and -2.7% QoQ. VST Industries Ltd.: Net Revenue at Rs. 470.6 crore, +0.5% YoY, and+2.1% QoQ. EBITDA at Rs. 68.4 crore, -5.5% YoY and +1.1% QoQ. EBITDA Margin at 14.5%, -92 bps YoY and -13 bps QoQ. Net Profit at Rs. 136.3 crore, +153.6% YoY and +186.5% QoQ. Ashika Borosil Ltd.: Net Revenue at Rs. 338.1 crore, +11.3% YoY, and+23.4% QoQ. EBITDA at Rs. 54.4 crore, -6.3% YoY and +33.3% QoQ. EBITDA Margin at 16.1%, -302 bps YoY and +119 bps QoQ. Net Profit at Rs. 35.5 crore, -4.9% YoY and +93.7% QoQ. Goldiam International Ltd.: Net Revenue at Rs. 279.6 crore, +38.6% YoY, and+104.1% QoQ. EBITDA at Rs. 62.5 crore, +53.9% YoY and +104.8% QoQ. EBITDA Margin at 22.4%, +222 bps YoY and +7 bps QoQ. Net Profit at Rs. 49.8 crore, +53.6% YoY and +124.9% QoQ. Ashika Monarch Networth Capital Ltd.: Net Revenue at Rs. 76.7 crore, -7.5% YoY, and-26.3% QoQ. EBITDA at Rs. 55.3 crore, -3.2% YoY and -16.2% QoQ. EBITDA Margin at 72.2%, +323 bps YoY and +873 bps QoQ. Net Profit at Rs. 40.5 crore, +5.1% YoY and -7.9% QoQ. PSP Projects Ltd.: Net Revenue at Rs. 630.2 crore, -10.6% YoY, and+7.6% QoQ. EBITDA at Rs. 35.5 crore, -49% YoY and -5.5% QoQ. EBITDA Margin at 5.6%, -424 bps YoY and -78 bps QoQ. Net Profit at Rs. 5.1 crore, -83.7% YoY and -50.5% QoQ. Ashika Venky'S (India) Ltd.: Net Revenue at Rs. 881.6 crore, -7.5% YoY, and+13.9% QoQ. EBITDA at Rs. 29.1 crore, Rs. -7.2 crore YoY and +109.6% QoQ. EBITDA Margin at 3.3%, +406 bps YoY and +151 bps QoQ. Net Profit at Rs. 20.4 crore, Rs. -7.9 crore YoY and +162.6% QoQ. Mold-Tek Packaging Ltd.: Net Revenue at Rs. 190.7 crore, +15.2% YoY, and-0.3% QoQ. EBITDA at Rs. 33.8 crore, +11.6% YoY and +0.8% QoQ. EBITDA Margin at 17.7%, -58 bps YoY and +19 bps QoQ. Net Profit at Rs. 13.6 crore, -3.9% YoY and -3.3% QoQ. Ashika SML Isuzu Ltd.: Net Revenue at Rs. 331.8 crore, -14.1% YoY, and-39.6% QoQ. EBITDA at Rs. 18.3 crore, -15.9% YoY and -59.1% QoQ. EBITDA Margin at 5.5%, -12 bps YoY and -263 bps QoQ. Net Profit at Rs. 0.5 crore, Rs. 2.7 crore YoY, Rs. 21.8 crore QoQ. HMA Agro Industries Ltd.: Net Revenue at Rs. 1455.0 crore, +16.2% YoY, and-0.7% QoQ. EBITDA at Rs. 31.7 crore, -35.6% YoY and -45.3% QoQ. EBITDA Margin at 2.2%, -175 bps YoY and -177 bps QoQ. Net Profit at Rs. 21.2 crore, -56.9% YoY and -60.4% QoQ. Ashika D-Link (India) Ltd.: Net Revenue at Rs. 331.4 crore, +12.7% YoY, and-1.6% QoQ. EBITDA at Rs. 33.4 crore, +14.5% YoY and +1.5% QoQ. EBITDA Margin at 10.1%, +16 bps YoY and +31 bps QoQ. Net Profit at Rs. 26.5 crore, +15.5% YoY and -0.8% QoQ.