Tag Archive for growth

Hotstar and HOOQ enter first-of-its-kind partnership to drive growth in India

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

Hotstar, India’s leading premium streaming platform and HOOQ, Southeast Asia’s largest Video-on-Demand (VOD) service have forged a first-of-its-kind partnership, with HOOQ’s 6,000 hour catalogue of Hollywood TV shows and movies made available to Hotstar Premium users, and in turn, enables HOOQ to leverage Hotstar’s massive scale of over 150 million monthly active users. Read more

Tasty Dairy on a Strong Course to Achieve Accelerated Growth

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

At the first Annual General Meeting (post the listing) of Tasty Dairy Specialities Ltd held on 28th September 2018 at the UPSIDC Industrial Area Jainpur, Kanpur, Founder and Chairman Mr Atul Mehra listed several land mark achievements such as overwhelming response to the IPO, the Company has entered into a MOU with PUM, Netherlands Senior Expert for the development and growth of Dairy and Farmers, the Company has received Registration Certificate issued by IRCLASS Systems that the Food Safety Management System of the Company complies with the requirements of ISO 22000:2005 and that Company qualified for ISI Quality Certification symbol for its Skimmed Milk Powder from Bureau of Indian Standard (BIS), the company was nominated for the “Social Enterprise of the Year” during the financial year 2017-18 and company’s successful journey since inception in 1992 and also shared growth plan for the future.

Mr Mehra in his speech to the shareholders said “I feel honoured to present the First Annual Report for FY2017-18 as being a Listed Company. The last financial year FY2017-18 was a remarkable year for the company in many ways, despite difficult business environment on account of demonization and GST Implementation that slowed the growth significantly.

However, as an fast emerging company with over two and half decades of expertise and experience we did our best to defeat the economic and market difficulties and I am happy to inform you that the Company achieved highest ever growth in net sales and net profit last financial year. The Company’s Net profit in the financial year 2017-18 grew 18.4 % to Rs 5.34 Cr. as compared to Rs 4.51 crore posted in the previous financial year 2016-17. The turnover of your company enhanced from Rs 238.79 Crore to Rs 331.86 Crores, registering a highest ever growth of 38.97 %. The company has shown consistent performance and growth over the years. In the last five years the Company clocked a CAGR growth of 7.2 % in revenues and 6.5 % in Net Profit.
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Jindal Stainless to witness record-breaking growth in automotive segment

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

The 58th Annual Convention will be organized in Delhi tomorrow by the Society of Indian Automobile Manufacturers (SIAM) focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy. Speaking about the potential of stainless steel usage in the automotive industry, Head Sales, Jindal Stainless, Vijay Sharma said, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector.

The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel.

Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Read more

Avanse expects 50% growth in education loan disbursements from Northern India

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

Amit Gainda, CEO, Avanse Financial Services

Avanse Financial Services (Avanse), a new age education finance company, targets 50% growth in disbursements from Delhi region and overall 45% growth in India for the current financial year. As of March 31, 2018, Avanse’s AUM stood at about INR 2200 crores. For the past 5 years since its inception, Avanse has recorded a CAGR of 157%. So far Avanse has funded over 13,000 students across India and has tie ups with over 550 institutes and consultants in India and globally. Read more

Music Broadcast Limited (MBL) records 25% PAT growth

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

Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the Quarter ended June 30th, 2018.

           

  • ·         Key Highlights – Q1FY19:

Rate hike in all core markets

Improving Utilizations in Phase III Markets with a positive contribution to EBITDA

34.4% operating margin delivery testimony of fixed costs and operating leverage playing out

 

  • ·         Key Highlights – Buy Back Details:

In continuation of Group’s philosophy to reward shareholders

Promoters & Key Managerial Personnel will NOT participate in Buy Back

Buy Back Route: Open Market at a price upto Rs. 385

Buy Back to the extent of Rs. 57 crores as against Cash PAT* of Rs. 78 crores

*Cash PAT = PAT + Depreciation & Amortization

 

Commenting on the results Ms. Apurva Purohit, Director said: “I am pleased to inform you that our Company continued its trend of delivering stronger than expected EBITDA Margins with this quarter’s margin being 34%. Our topline showed a growth of 8%, on the back of rate hikes in all 12 core markets and improved utilizations in the Phase III stations in accordance with our strategy formulated for the year.  Our PAT growth which is more than 3 times of the top line growth at 25% reiterates the fixed cost nature of our business as well as validates the strategic choices we made while bidding, i.e. to expand our geographic footprint, rather than deepen it at unviable costs. Read more

USD Revenue growth up 23.4% YoY; Net Profit jumps 35.2% YoY

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

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY19 results today.

 

In US Dollars:

  • Revenue at USD 319.9 million; growth of 3.5% QoQ and 23.4% YoY

  • Constant Currency Revenue growth of 5.1% QoQ and 22.9% YoY

 

In Indian Rupees:

  • Revenue at Rs 21,557 million; growth of 7.7% QoQ and 29.0% YoY

  • Net Income at Rs 3,612 million; growth of 24.8% QoQ and 35.2% YoY

 

“We are pleased to report a strong start to the year with 5.1% QoQ revenue growth in constant currency. Our growth has been driven by continued healthy momentum across multiple sectors, with double-digit sequential growth in BFS and High-Tech & Media in Q1. We are also happy to announce a large deal with a Global Fortune 100 consumer and pharmaceutical giant with a net-new TCV win in excess of US$ 50 Mn.   Read more

Overseas capital investment in India touches USD 2.6 bn recording a 31% growth according to Knight Frank’s Active Capital: The 2018 Report

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

Knight Frank, the independent global property consultancy, today launched Active Capital: The 2018 Report. Looking at the shifts in capital flows, the report dives into the sources and destinations of cross-border investments in commercial real estate.

 

Key India findings of the report:

 

  • ·         India ranks an impressive 19th position amongst the 73 countries that attracted cross-border capital into their property market in 2017. With USD 2.6 bn of cross-border capital inflows (excluding development sites), India ranks ahead of its Asia Pacific regional counterparts like Malaysia, Thailand, Indonesia, Vietnam and Philippines, which collectively attracted lesser capital flows compared to India.

 

  • ·         Capital flows into Indian property market have been 10 times higher than the outflows in 2017. USD 2.6 bn of inflow was recorded compared to outbound capital flows to the tune of USD 0.26 bn last year. Led by a battery of reforms like RERA, GST and demonetisation, the attractiveness of Indian real estate potential has caught the fancy of international investors and developers alike resulting into this favourable investment account.

 

  • ·         Compared to 86% share in 2016, United States, Canada and Singapore collectively contributed to 84% of capital inflows to Indian property followed by United Kingdom, United Arab Emirates and Hong Kong in 2017. Read more

Bhatia Communications and Retail Limited EBITDA jumps 250% in FY18, records PAT growth of 600%

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

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Bhatia Communications and Retail Limited, a leading mobile and accessories retail in Gujarat has announced a growth of 250 percent in Earnings Before Interest, Tax, and Depreciation and Amortisation (EBITDA) for the year 2017-18. It stood at Rs 7 crore as against Rs 2 crore in the previous financial year 2016-17.

For the financial 2017-18, the Profit After Tax (PAT) was of Rs 3.5 crore as compared to Rs 0.5 crore in the past financial year, thereby registering a 600 percent year-on-year (YOY) growth after including tax and other regulatory gains.

Meanwhile, the total income of the company was Rs 167 crore as compared to Rs 133 crore in the past year, thereby registering a growth of 26 percent on YoY basis.

“We are very happy with the results as it implies that we are heading in the right direction. The improvement in the bottom line is result of efficient inventory management. We are thankful to our investors who trusted us throughout the journey and also gave us the confidence to expand the business in other potential geographies as well. We are overwhelmed with initial response and are working hard to utilise the funds in most optimal manner to ensure stake holders’ better returns, said Sanjeev Bhatia, Founder of Bhatia Mobiles. 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

BLS International records a strengthened year, registers exponential growth for FY 2018

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

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BLS International Services Limited (BLS), a specialist provider of Visa, Passport, Attestation, Consular and Citizen Services to the Governments across the world, declared its financial results today for year ending March 31, 2018.

Consolidated Results

 

Annual Results FY18 viz FY17:

  • Total Income stood at Rs. 793.1 crore in FY18, up by 24% from Rs. 637.4 crore in FY17
  • EBITDA of Rs. 162.8 crore in FY18, up by 92% from Rs. 84.8 crore in FY17
  • PAT of Rs. 96.5 crore in FY18, up by 93% from Rs. 50.1 crore in FY17
  • EPS during FY18 stood at Rs. 9.4, as compared to Rs. 4.9 for FY17

For the Quarter ended on March, 2018 (Q4 FY18 viz Q4 FY17):

  • Total Income stood at Rs. 206.1 crore, q-o-q growth of 6.0% viz Q4 FY17
  • EBITDA of Rs. 35.7 crore; q-o-q growth of 3.6% viz Q4 FY17
  • Net Profit stood at Rs 20.0 crore; q-o-q growth of 16.9% viz Q4 FY17
  • EPS for Q4 FY18 stood at Rs 2.0 as compared to Rs. 1.6 in the corresponding period in 2017

 

The company reported Net Profit of Rs. 96.5 crore for FY18, up by 93% as compared to Rs. 50.1 crore in the corresponding quarter of last fiscal. The company’s FY18 PAT margin stood at 12.2% which was 7.9% in FY17.

Total Income for the year ended March 2018 stood at Rs. 793.1 crore, up by 24.4%, as compared to Rs. 637.4 crore in the last year. The company’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in FY18 stood at Rs. 162.7 crore and improved by 91.9% from Rs. 84.8 crore in FY17. Read more