Archive for May 31, 2018

House of Nomad’s First Anniversary Bash at Taj Lands End, Mumbai

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bhagyashree and Vikas Bhalla at House of Nomad's first anniversary bash at Taj Lands End, Mumbai

Mumbai’s most popular uptown gastro bar, House of Nomad – Taj Lands End, Mumbai celebrated its first year anniversary. Celebrities like Bhagyashree, Tanisha Mukherjee, Vivan Bhatena, Vikas Bhalla graced the event with their presence.

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Lemon Tree Hotels (LTH) Q4FY18 || Total income up 24% YoY to Rs. 1,392 million, EBITDA up 55% to Rs. 454 million, PAT of Rs. 117 million vis-à-vis loss of Rs. 22 million

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lemon Tree Hotels Limited (LTH), India’s largest hotel chain in the mid-priced hotel sector*, and the third largest overall, on the basis of controlling interest in owned and leased rooms, announced its financial results for the fourth quarter and year ended March 31, 2018.

Financial Performance Highlights

Performance Review for Q4 FY18 vs. Q4 FY17

  • Total income stood at Rs. 1,392 million in Q4 FY18, up 24% YoY as compared to Rs. 1,118 million in Q4 FY17

  • EBITDA increased by 55% YoY to Rs. 454 million compared to Rs. 293 million in Q4 FY17

  • EBITDA margins expanded 620 bps YoY to 32.6% in Q4 FY18

  • Profit after tax of Rs. 117 million as compared to loss of Rs. 22 million in Q4 FY17

  • Cash profit (PAT + Depreciation) stood at Rs. 245 million, up 140% YoY as compared to Rs. 102 million in Q4 FY17

 

Performance Review for FY18 vs. FY17

  • Total income stood at Rs. 4,921 million in FY18, up 17% YoY as compared to Rs. 4,203million in FY17

  • EBITDA increased by 16% YoY to Rs. 1,440 million compared to Rs. 1,247 million in FY17

  • EBITDA margins were stable at 29.3% in FY18; for same hotels operating in FY17 and FY18, EBITDA margins improved by 250 bps from 29.7% to 32.2%

  • Profit after tax of Rs. 145 million as compared to loss of Rs. 51 million

  • Cash profit (PAT + Depreciation) stood at Rs. 672 million, up 46% YoY Read more

  • Kids enjoying the workshop along with their favorite Cartoon characters at Seawoods Grand Central Mall

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    By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    Pottery workshop with kids at Seawoods Grand Central Mall

    For the first time in Navi Mumbai, Seawoods Grand Central Mall has organized its biggest-ever summer extravaganza with M.A.D art and craft activities, in collaboration with POGO channel from May 22, 2018.  Read more

    Apollo Hospitals launches online clinical opinion service for cancer patients

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    By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    The Apollo Hospitals Group announced the launch of a unique online cancer opinion service for patients and those seeking medical opinion on cancer from its specialists.

    Through this service, patients anywhere in the world can login to the Apollo Cancer Opinion website at www.apollocanceropinion.com, upload their medical reports and have their cases reviewed by best oncologists in Asia across Apollo Hospitals network. With its large network of 71 hospitals, and 7 comprehensive cancer centers, Apollo aims to provide patients the best possible treatment plans keeping in mind the latest cancer research, before providing cutting edge treatments at its cancer centers.  Read more

    JM Financial Credit Solutions Ltd. NCD Fully Subscribed on Day 1

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    By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    JM Financial Credit Solutions Ltd. NCDs Issue fully subscribed with the Retail response of 3.17 times, HNI – 1.68 timesfollowed by QIB – 0.20 times, as of 4:25 PM on its first day itself.

     

    SB Energy, IL&FS Join Hands to Anchor GoI’s Solar Targets

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    By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    Mr Hari Sankaran, Vice Chairman, IL&FS Group

    In a major boost to Government of India’s ambitious target of adding 100GW of solar power by 2022, IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid connected solar parks. These parks will be developed across various locations in India. Read more

    JM Financial Credit Solutions Rs. 750cr NCD Issue oversubscribed 2.19 times

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    By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    Mr. Shashwat Belapurkar, CEO, JM Financial Credit Solutions Limited, said, “We are overwhelmed by the response to JM Financial Credit Solutions Ltd.’s maiden Public Issue of NCDs, which also has the distinction of being the first from the JM Financial Group. Overall, the Public Issue of NCDs (including Greenshoe Option) was oversubscribed 2.19 times leading to a total subscription of Rs. 1,646 crore. Retail Investors (Category IV) and HNIs (Category III) have invested a total amount of around Rs. 1,468 crore, which is more than total NCD Issue size of Rs. 750 crore (including Greenshoe Option). The oversubscription of over 3.6 times in the Retail Investors category justifies our higher proportion of 30% allocation ratio to Retail Investors in the basis of allotment. The success of our NCD Public Issue sets a new benchmark for a wholesale NBFC such as JMFCSL that provides integrated financial solutions to real estate developers with a focus on residential project financing. This is a testimony to the success of the transformational changes in the real estate sector and will further deepen the Indian debt markets inviting meaningful long term wider public participation in debt offerings from wholesale NBFCs.” Read more

    Gravita India FY18 PAT at Rs. 45.21 crore; up 48 per cent

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    By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    Gravita India Limited (NSE: GRAVITA, BSE: 533282), a leading recycling multinational company declared its financial results for the quarter and financial year ended March 31, 2018.

    Gravita’s Profit After Tax surged to Rs.11.11 crore as against Rs. 9.34 crore for the corresponding quarter last year. PAT margin stood at 3.07 % in Q4 FY18 versus 4.39 % in Q4 FY17.

    Commenting on the results, Mr. Rajat Agrawal, MD at Gravita India said, “We are pleased to announce the results and they are in-line with our expectations. Our recently commissioned commercial production of Lead Tetra Oxide at Jaipur and PPCP Granules Lines at Chittoor plant;  the recent order-win from Singapore will strengthen our top line and bottom line in FY18-19.”

    Highlights of Consolidated Q4 FY18 Performance

    • Fourth quarter total revenue increased to Rs. 362.44 crore from Rs. 212.65 crore in Q4FY 17, up 70.44 %

    • The EBITDA in Q4 FY18 stood at Rs. 24.99 crore from Rs. 19.20 crore; up 41.29 % in the same period last year.

    • Q4 Net Profit rose by18.94 % to Rs. 11.11 crore up from Rs. 9.34 crore in FY 17. Read more

    KALPATARU POWER (KPTL) CONSOLIDATED PAT GROWTH OF 77% IN FY18

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    By  Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

    Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has announced its results for the quarter and year ended March 31, 2018. Below are the key highlights of the results:

     

    KPTL Standalone (Figures in Rs. Crores)

    • ·         Achieved FY18 revenue growth guidance of 15%
    • ·         Core EBITDA & net margins continue to improve on account operational efficiencies & lower finance cost
    • ·         PBT & PAT growth in FY18 on account of better EBITDA margins and reduction in cost of finance as percentage of revenue
    • ·         Order Book as on 31 March 2018 is Rs.12,404 Crores, providing good visibility for future growth.
    • ·         Order inflows increased by 56% in FY18 to Rs.9,341 Crores; Achieved YTD FY19 Order inflows of Rs.1,463 Crores with L1 in excess of Rs.2,000 Crores   Read more

    Radio City’s digital arm Radio City.in launched ‘Radio City Love Guru Bhojpuri’

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    By  Ashok Punatar Mobile: 09820746494 Email: ashokpunatar@gmail.com

    Actor Ravi Kishan launched Radio City Love Guru Bhojpuri on radiocity

    Radio City India’s first & premium web radio touched the hearts of their Bhojpuri listeners across the world with the launch of  its 52nd web radio station , Radio City Love Guru Bhojpuri, a dedicated web radio station that doles out love advice in Bhojpuri which was launched by Bhojpuri superstar Ravi Kishan. Read more