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NEW DELHI: India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of Rs 34,985 crore in the second quarter of the current fiscal year. Bulk of pre-sales (sales bookings) came from residential segment. In terms of sales bookings, Godrej Properties emerged as the largest listed player during July-September quarter with pre-sales of Rs 5,198 crore. Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales bookings of Rs 4,290 crore during the quarter under review. Delhi-NCR-based Max Estates sold properties worth Rs 4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of Rs 4,022.6 crore during the quarter. Delhi-NCR based Signature Global achieved sales bookings of Rs 2,780 crore in the September quarter, driven by strong demand for its housing projects at Gurugram. DLF Ltd, the country's largest realty firm in terms of market capitalisation, sales bookings declined sharply during the July-September period to Rs 692 crore as it did not launch any new housing project. Among other major listed players, Bengaluru-based Brigade Enterprises Ltd reported a sales bookings of Rs 1,821 crore during July-September period of this fiscal year, while Mumbai-based Oberoi Realty did pre-sales of Rs 1,442.46 crore. Mumbai-based Aditya Birla Real Estate sold properties worth Rs 1,412 crore. Bengaluru-based Puravankara Ltd and Sobha Ltd clocked sales bookings of Rs 1,331 crore and Rs 1,178.5 crore, respectively. Delhi-based TARC Ltd also performed well and achieved pre-sales of Rs 1,012 crore during the September quarter. There were many players that reported sales between Rs 500 crore and Rs 1,000 crore during the second quarter of this fiscal year. Pune-based Kolte-Patil Developers Ltd sold properties worth Rs 770 crore, while Mumbai-based Keystone Realtors (Rustomjee brand) achieved pre-sales of Rs 700 crore. Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 673 crore during the September quarter while Bengaluru-based Shriram Properties clocked pre-sales of Rs 568 crore. Mumbai-based firms Raymond Ltd and Sunteck Realty Ltd sold properties worth Rs 562 crore and Rs 524 crore, respectively. Among listed firms that booked less than Rs 500 crore, Ahmedabad-based Arvind Smartspaces sold properties worth Rs 464 crore during the July-September period. Mumbai-based Mahindra Lifespace Developers Ltd achieved a sales bookings of Rs 397 crore. Mumbai-based realtors Arihant SuperstructuresLtd, Ajmera Realty & Infrastructure Ltd and Arkade Developers Ltd reported sales bookings of Rs 270.8 crore, Rs 254 crore and Rs 215 crore, respectively. Suraj Estate Developers sold properties worth Rs 107 crore, while Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 102.9 crore. Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of mere Rs 98 crore during the second quarter of this fiscal year. Sales bookings of many listed entities have declined in the second quarter of 2024-25 because of inauspicious Shraadh period, monsoon rain and also lack of regulatory approvals to launch their projects. For example, DLF Ltd's pre-sales plunged to Rs 692 crore in the September quarter from Rs 6,404 crore in the first quarter of this fiscal. Sales bookings data of many listed players was not available on the stock exchanges. Post-Covid pandemic, the residential real estate segment has revived strongly because of pent-up demand growing desire to have homeownership. Housing prices too have appreciated significantly. Housing market is witnessing a shift in consumer demand towards those realty companies and brands which have better track record of executing real estate projects. Real estate developers, which are not listed on stock exchanges, generally do not report their quarterly and annual sales bookings. Branded and reputed players, including both listed and unlisted ones, have benefited most in this revival cycle as homebuyers do not want to take risk of getting stuck in real estate projects after making payments. Thousands of buyers of many NCR-based builders, like Unitech and Jaypee Infratech, are stuck and fighting legal cases in real estate regulatory authorities at the state-level, tribunals, and courts.
Industrial Valve Cover Gasket Market Driven by Demand for Immersive Technologies Across Industries 11-24-2024 08:44 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Industry Insights Industrial Valve Cover Gasket Market Global Industrial Valve Cover Gasket Market Impact of AI and Automation The industrial valve cover gasket market is experiencing steady growth, driven by the expanding industrial manufacturing sectors, including automotive, heavy machinery, and power generation. Valve cover gaskets are essential components in engines and machinery, ensuring a secure seal to prevent leakage of oil, coolant, and other fluids, thereby protecting the internal engine components. With the increasing demand for high-performance engines and machinery in automotive and industrial sectors, the market for valve cover gaskets is expected to rise. Additionally, the growing trend toward engine efficiency, environmental regulations, and the demand for more durable and reliable sealing solutions are boosting market growth. Advancements in materials, such as the use of advanced polymers and rubber compounds, are enhancing the performance and longevity of these gaskets. As the global industrial and automotive sectors continue to expand, the demand for high-quality valve cover gaskets will continue to drive the market forward. The dynamics of the industrial valve cover gasket market are influenced by factors such as the growing demand for durable sealing solutions, technological advancements in gasket materials, and the expansion of the automotive and heavy machinery industries. The need for high-performance engines, coupled with stringent environmental regulations, is driving the demand for reliable valve cover gaskets that ensure efficient fluid sealing and prevent emissions. The shift toward using advanced materials like synthetic rubber, elastomers, and composites is further enhancing gasket performance and durability. Additionally, the increase in global manufacturing and the rise of electric vehicle production contribute to market expansion. However, challenges such as the high cost of high-performance materials and the complexity of gasket designs for specialized applications may limit growth. Despite these hurdles, the market remains poised for growth due to continued industrial development and demand for quality sealing solutions. With a valuation of $1.2 billion in 2023, the Industrial Valve Cover Gasket Market is expected to reach $1.8 billion by 2033, growing at a CAGR of 4.5% from 2024 onwards. The report encompasses various segments and analyzes the trends and factors significantly impacting the market.. The growth is being attributed to increasing demand in different sectors, Industrial Valve Cover Gasket technological advancement, and changing habits of consumers and industry towards sustainable and efficient technologies. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.verifiedindustryinsights.com/download-sample/1329938/?utm_source=OpenPr&utm_medium=072 Key Players in theIndustrial Valve Cover Gasket Market Fel-Pro Mahle Victor Reinz Genuine Parts Company ElringKlinger AG Clevite Dorman Products Cometic Gasket Nippon Gasket Rover Gaskets Permatex Global Industrial Valve Cover Gasket Market Segmentation: Industrial Valve Cover Gasket Market by Type Rubber Valve Cover Gaskets Cork Valve Cover Gaskets Metal Valve Cover Gaskets Composite Valve Cover Gaskets Industrial Valve Cover Gasket Market by Application Automotive Industrial Equipment Aerospace Marine Agricultural Machinery Industrial Valve Cover Gasket Market by Sales Channel Direct Sales Distributors Online Retail OEMs Market Segmentation Dynamics of Industrial Valve Cover Gasket Market: The global Industrial Valve Cover Gasket market comprises numerous types, each targeting specific market demands. More types that are familiar to the customers are, hardware, software and service based solutions. Hardware solutions comprise tangible goods that include sensors, devices and components for power applications. Software solutions aid in improving functions by automating systems, analyzing data and integrating artificial intelligence to make systems more functional and efficient. Service based offering include providing support, running maintenance and offering consultancy services to ensure that Industrial Valve Cover Gasket systems are able to operate optimally and provide satisfactory value over time. All these segments combine to satisfy customer needs with these different types of helping in growth of global Industrial Valve Cover Gasket market. Global Usage of Industrial Valve Cover Gasket: Businesses, consumers, and governmental bodies use the Industrial Valve Cover Gasket resources within the respective jurisdictions. Industrial Valve Cover Gasket products are incorporated into businesses operating in manufacturing, retail, healthcare, and other industries to increase efficiency, reduce costs, and boost performance. The consumers' needs are evolving due to changing lifestyles, new technologies, and growing demand for easy solutions. At the same time, Industrial Valve Cover Gasket are employed by the governments to sustain the public order, construct and develop infrastructure, and provide better services. Different end-user groups use products for different purposes which determine the development of products and trends in the market. Firms which are able to meet the diverse demands of the end-users stand a good chance to prosper in the competitive landscape of the Industrial Valve Cover Gasket sector. Global Market by Region: North America Europe Asia-Pacific Latin America Middle East & Africa The Industrial Valve Cover Gasket market at the global level depicts notable regional differences wherein North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa all to overall growth. North America has the highest level of technology use and is continually supported by the demands of healthcare, automotive and industrial. Europe has inbuilt objectives of sustainability, compliance with regulations and advances in automotive and energy industries. Asia-Pacific is projected to be the fastest region driven mainly by industrialization, middle class growth and technology investment. Latin America and the Middle East and Africa are considered as new markets with potential growth for infrastructures and adoption of technology. It is essential to appreciate these regional aspects and their interrelations in order to formulate appropriate growth strategies for the Industrial Valve Cover Gasket market. Receive a Discount By Purchasing This Report @ https://www.verifiedindustryinsights.com/ask-for-discount/1329938/?utm_source=OpenPr&utm_medium=072 Frequently Asked Questions (FAQ) on the Global Industrial Valve Cover Gasket Market promotion Q. What is the growth forecast of the global Industrial Valve Cover Gasket market? A. With a valuation of $1.2 billion in 2023, the Industrial Valve Cover Gasket Market is expected to reach $1.8 billion by 2033, growing at a CAGR of 4.5% from 2024 onwards. The report encompasses various segments and analyzes the trends and factors significantly impacting the market.. It is obvious that demand for Industrial Valve Cover Gasket products will grow in the future as global markets expand. Factors such as rising consumer demand, technological advancements, and increasing industrial applications are fueling the market's expansion. As businesses and industries seek out possible advancement in operational efficiency and customized goods, the market's stable CAGR is expected to be witnessed. Q. Which regions have been influential in creating the need for Industrial Valve Cover Gasket in the countries that they operate in? A. Industrial Valve Cover Gasket's growth in volume has been derived mainly from Asia-Pacific primarily due to - accelerated industrial growth, urban expansion, and technological enhancement. This is closely followed by North America which will primarily be driven by technology enhancement and high consumption. Europe also remains a key market contributing towards Industrial Valve Cover Gasket demand fueled by the increasing trend towards innovative solutions sustainability. South America and Middle eastern and African regions too are increasingly becoming targets with awakening demand from infrastructures development and expanding industries. Q: What are the primary forces impacting the global Industrial Valve Cover Gasket industry? A: The expansion of the global Industrial Valve Cover Gasket market is mainly determined by technical advancement, transformation of customer requirements, and the growing requirement for efficiency across different regions. The infusion of advanced technologies like AI, automation, and IoT is improving the capability of products and creating new opportunities. Also, the trend towards greener approaches, the accompanying regulatory environment, and the rising adoption of Industrial Valve Cover Gasket in the developing economies are some major trends that are expected to influence the market. Q: Who dominates the global Industrial Valve Cover Gasket market? A: The global Industrial Valve Cover Gasket marketplace has matured companies as well as new innovators. The best companies have established excellence in marketing, have a wide range of products and are innovative. These companies are focused on upgrading their products and services, increasing their research and development activities as well as branching out into other core areas for regulatory advantages. Mergers and acquisitions are also part of the strategies that the top players deploy to ensure their success in the market. Q: In what manner are technologies supporting the growth of Industrial Valve Cover Gasket industry? A: Technology is revolutionizing the global Industrial Valve Cover Gasket industry by enhancing the features of products, increasing the efficiency of operations and creating new market opportunities. With the use of advanced technologies like AI, machine learning, automation, the production processes are being made more efficient, costs are being lowered and quality is increasing. The Internet of Things (IoT) also adds to the functionality and connectivity of products, resulting in more value for customers. There is also the emergence of digital transformation and data analytics enabling the businesses to understand their customers more comprehensively and thereby adjust their offers and marketing. Technology is enabling organizations to develop faster and better address the challenges in the market that is perpetually changing. 🔍 For More Information or Query, Visit @ https://www.verifiedindustryinsights.com/report/global-industrial-valve-cover-gasket-industry/?utm_source=OpenPr&utm_medium=072 Categorized Automobile and Transportation: Automotive Components The Global Industrial Valve Cover Gasket Market which is within the scope of Automobile and Transportation and further divided into specific structures under Automotive Components has been growing tremendously with the increase in demand for new solutions and improvements. This market contains a large portfolio of applications and products to serve the various demands in the industry. With companies increasing the need to be efficient and productive, global Industrial Valve Cover Gasket Market has the potential to grow even further with a healthy outflow of money towards R&D. In addition, the increased demand for sustainability and regulatory measures are also altering the change in focus for the firms, encouraging them to develop green solutions. However, perhaps the most exciting development has been the emergence of a large number of new market participants, as well as existing ones who have an established presence in the industry. The market seems to have plenty of opportunities that stoke the growth and trends well enough to cater to the demand. 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Get in Touch with Us Mr. Edwyne Fernandes Verified Industry Insights Tel: +1 743 222 5439 This release was published on openPR.STAMFORD, Conn., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2024 fourth quarter and year ended September 30, 2024. Three Months Ended September 30, 2024 Compared to the Three Months Ended September 30, 2023 For the fiscal 2024 fourth quarter, Star reported a 10.0 percent decrease in total revenue to $240.3 million compared with $266.9 million in the prior-year period, reflecting slightly lower volumes sold and a decrease in selling prices for petroleum products, partially offset by higher service and installation revenue. The volume of home heating oil and propane sold during the fiscal 2024 fourth quarter decreased by 0.3 million gallons, or 1.5 percent, to 18.5 million gallons, as the additional volume provided from acquisitions was more than offset by the impact of net customer attrition and other factors. Star’s net loss increased by $15.4 million in the quarter, to $35.1 million, as a $28.4 million unfavorable change in the fair value of derivative instruments was only partially offset by a $9.1 million increase in income tax benefit, $1.7 million decrease in Adjusted EBITDA loss, $1.1 million decrease in depreciation and amortization expenses, and $1.1 million lower net interest expense. The Company reported a fourth quarter Adjusted EBITDA loss (a non-GAAP measure defined below) of $29.7 million, or $1.7 million less than in the prior year period, as higher home heating oil and propane per-gallon margins, an increase in service and installation profitability, and additional EBITDA from acquisitions, more than offset an increase in operating expenses and a decline in home heating oil and propane volume sold. “As we move into the heating season and begin a new fiscal year, it’s a great time to reflect on the past twelve months’ performance,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “Temperatures in fiscal 2024 were roughly flat year-over-year, and total revenue fell modestly due to slightly lower volumes and selling prices. However, full year Adjusted EBITDA rose by $14.7 million, reflecting an increase in home heating oil and propane per-gallon margins and higher service and installation profitability. We continue to focus on cost containment and the pursuit of attractive acquisitions. At the same time, we remain vigilant in working to address net customer attrition which, at 4.2% in fiscal 2024, was up slightly year-over-year. As we enter the heating season, we believe the Company is well prepared to respond to anything Mother Nature throws our way, while providing our customers with superior customer service.” Fiscal 2024 Compared to Fiscal 2023 For fiscal 2024, Star reported a 9.6 percent decrease in total revenue to $1.8 billion compared with $2.0 billion in the prior-year period, reflecting a decrease in total volume sold and a decline in selling prices in response to lower wholesale product costs. The volume of home heating oil and propane sold during fiscal 2024 declined by 5.8 million gallons, or 2.2 percent, to 253.4 million gallons as the additional volume provided from acquisitions and other factors was more than offset by net customer attrition. Temperatures in Star’s geographic areas of operation were less than 0.1 percent warmer than during the prior-year period but 15.1 percent warmer than normal, as reported by the National Oceanic and Atmospheric Administration. Star’s net income increased by $3.3 million for fiscal 2024, to $35.2 million, as a $14.7 million increase in Adjusted EBITDA, a $3.9 million decrease in net interest expense, a $0.9 million decrease in depreciation and amortization expenses and a $0.7 million decrease in income tax expense were largely offset by a $17.0 million unfavorable change in the fair value of derivative instruments. Adjusted EBITDA for fiscal 2024 increased by $14.7 million, to $111.6 million, as an increase in home heating oil and propane per-gallon margins, an increase in service and installation profitability and the additional Adjusted EBITDA from acquisitions more than offset a 10.9 million gallon decrease in home heating oil and propane volume in the base business, a $5.0 million reduction in the Company’s weather hedge benefit and an increase in base business total operating expenses. EBITDA and Adjusted EBITDA (Non-GAAP Financial Measures) EBITDA (Earnings from continuing operations before net interest expense, income taxes, depreciation and amortization) and Adjusted EBITDA (Earnings from continuing operations before net interest expense, income taxes, depreciation and amortization, (increase) decrease in the fair value of derivatives, other income (loss), net, multiemployer pension plan withdrawal charge, gain or loss on debt redemption, goodwill impairment, and other non-cash and non-operating charges) are non-GAAP financial measures that are used as supplemental financial measures by management and external users of the Company’s financial statements, such as investors, commercial banks and research analysts, to assess Star’s position with regard to the following: compliance with certain financial covenants included in our debt agreements; financial performance without regard to financing methods, capital structure, income taxes or historical cost basis; operating performance and return on invested capital compared to those of other companies in the retail distribution of refined petroleum products, without regard to financing methods and capital structure; ability to generate cash sufficient to pay interest on our indebtedness and to make distributions to our partners; and the viability of acquisitions, capital expenditure projects and the overall rates of return of alternative investment opportunities. The method of calculating Adjusted EBITDA may not be consistent with that of other companies, and EBITDA and Adjusted EBITDA both have limitations, as analytical tools and so should not be viewed in isolation but in conjunction with measurements that are computed in accordance with GAAP. Some of the limitations of EBITDA and Adjusted EBITDA are as follows: EBITDA and Adjusted EBITDA do not reflect cash used for capital expenditures; although depreciation and amortization are non-cash charges, the assets being depreciated or amortized often will have to be replaced and EBITDA and Adjusted EBITDA do not reflect the cash requirements for such replacements; EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, working capital; EBITDA and Adjusted EBITDA do not reflect the cash necessary to make payments of interest or principal on indebtedness; and EBITDA and Adjusted EBITDA do not reflect the cash required to pay taxes. REMINDER: Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time tomorrow, December 5, 2024. The webcast will be accessible on the company’s website, at www.stargrouplp.com, and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). About Star Group, L.P. Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at www.sec.gov and by visiting Star's website at www.stargrouplp.com , where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. Forward Looking Information This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the impact of geopolitical events on wholesale product cost volatility, the price and supply of the products that we sell, our ability to purchase sufficient quantities of product to meet our customer’s needs, rapid increases in levels of inflation, the consumption patterns of our customers, our ability to obtain satisfactory gross profit margins, the effect of weather conditions on our financial performance, our ability to obtain new customers and retain existing customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions and electrification of heating systems, global health pandemics, recessionary economic conditions, future union relations and the outcome of current and future union negotiations, the impact of current and future governmental regulations, including climate change, environmental, health, and safety regulations, the ability to attract and retain employees, customer credit worthiness, counterparty credit worthiness, marketing plans, cyber-attacks, global supply chain issues, labor shortages and new technology, including alternative methods for heating and cooling residences. All statements other than statements of historical facts included in this Report including, without limitation, the statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein, are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2024. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. (financials follow)PTI playing negotiations drama: AzmaAKRON, Ohio (AP) — Tony Osburn's 23 points helped Omaha defeat Lamar 65-59 at the Akron Basketball Classic in Akron, Ohio on Sunday. Osburn shot 7 of 13 from the field, including 5 for 9 from 3-point range, and went 4 for 4 from the line for the Mavericks (3-5). Ja'Sean Glover added 14 points while going 4 of 9 from the floor, including 3 for 5 from 3-point range, and 3 for 5 from the line while they also had five rebounds. Marquel Sutton had 13 points and shot 4 of 14 from the field and 4 for 4 from the line. The Mavericks ended a five-game losing streak with the victory. The Cardinals (1-5) were led in scoring by Alexis Marmolejos, who finished with 15 points and four assists. Cody Pennebaker added 11 points and six rebounds for Lamar. Andrew Holifield finished with nine points, three steals and four blocks. NEXT UP Both teams play on Saturday. Omaha hosts Abilene Christian and Lamar hosts Our Lady of the Lake. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .