Tag Archive for growth

Aavas Financiers Ltd Financial Results, PAT Growth of 66% YoY, AUM Growth of 49% YoY

Share/Bookmark

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

Aavas Financiers Limited has declared Un-audited Financial Results for the quarter and nine-months ended 31st December 2018.

Key Performance Metrics for 9MFY19:

Particulars (Rs. Mn)

9M FY19

9M FY18

Y-o-Y

AUM

52,834

35,477

49%

Disbursements

17,994

13,090

37%

PAT

1,218

732

66%

GNPA (%)

0.58%

0.82%

Improved by 24 bps

ROA (%)

3.58%

3.22%

Maintained above 3%

Incremental Loan Accounts (No.)

21,923

15,697

40%

NIMs (Incl. Fee & Other Income)

9.39%

8.86%

Improved by 53 bps

 

Performance Highlights:

  • ·         AUM as on 31st December 2018 is Rs. 52,834 Mn of which
    • o   Home Loans contributed 75% with ATS of Rs. 0.88 Mn
    • o   Other Mortgage Loans contributed 25% with ATS of Rs. 0.77 Mn
  • ·         71 new branches opened in last 12 months. The total number of branches stands at 210 as on 31st December 2018
  • ·         Gross NPAs is 0.58% improved by 24 bps and Net NPAs is 0.49% improved by 21 bps of the Outstanding Loan Book
  • ·         The Company has diversified borrowings. 87% of our borrowings are from Term Loans, Assignment, NHB Refinancing and Cash Credit. Only 13% of our borrowings are from debt capital market with no borrowings by way of Commercial Papers
  • ·         The Company continues to maintain positive ALM across tenors & has strong liquidity of ~ Rs. 17,400 Mn as on 31st December 2018

Read more

Strong topline growth of 14% helps MBL PBT jump by 45% to 24.9 Cr

Share/Bookmark

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

Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the Quarter ended December 31st, 2018.

 

  • Key Highlights – Q3FY19:
  • Topline growth of 14% YoY at Rs. 87.02 Cr
  • EBITDA grew by 23% YoY  to Rs. 28.59 Cr at a margin of 32.9% improvement by 223 bps
  • PBT grew by 45% YoY to Rs. 24.93 Cr at a margin of 28.7% improvement by 607 bps
  • 11% rate hike in legacy markets  – Phase III market utilization at 53%

Read more

L&T Technology Services posts robust growth & operational performance in Q3

Share/Bookmark

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

L&T Technology Services (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2018.

 

Highlights for Q3FY19 include:

 

  • USD Revenue at $185.7 million; growth of 4.8% QoQ and 23% YoY
  • Revenue at ₹13,169 million; growth of 4% QoQ and 36% YoY
  • EBITDA margin at 18.4%; up by 310bps YoY
  • Net profit at ₹1,856 million; growth of 47% YoY

 

During the quarter, LTTS won 8 multi-million dollar deals across all industry segments. On a YoY basis, LTTS has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10.

Read more

Auto LPG sector grows impressively; clocks 14% growth in sales

Share/Bookmark

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

The auto LPG sector in India clocked an impressive sales growth of 14% this year, thanks to rising petrol and diesel prices as well as growing social consciousness about the need for cleaner transport fuels.

The auto LPG industry grew at 14% in financial year 2017-18 as compared to 2016-17, with a total sales figure of around 400,000 tonnes. The previous year had witnessed a sales figure of 346,000 tonnes.

Read more

Galaxy Surfactants Ltd. Total Revenue (including other income) at Rs. 1,401.5 Cr YoY growth of 17.0%

Share/Bookmark

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

Galaxy Surfactants Limited, a leading manufacturer of performance surfactants and specialty care products with over 200 product grades used in Home and Personal Care industry, has announced its unaudited financial results for the Quarter ended September 30th, 2018.

 

Galaxy Surfactants Limited (Consolidated Results)

Particulars (Rs. Cr)

Q2 FY19

Q2 FY18

YoY%

H1 FY19

H1 FY18

QoQ%

Sales Volume (in MT)

51,792

48,235

7.4%

104,269

93,799

11.2%

Total Revenue*

687.2

612.9

12.1%

1,401.7

1,198.3

17.0%

EBITDA

88.8

76.6

15.9%

175.8

148.5

18.4%

PAT

46.3

40.8

13.5%

92.0

76.7

20.0%

 

Read more

Filatex India reports 50% YoY growth in NET PROFIT for Q2FY19 Q2 NET PROFIT Rs. 20.25 Cr vs Rs. 13.52 Cr YoY; up 50% Q2 Revenue Rs. 718 Cr vs Rs. 414 Cr; up 73%

Share/Bookmark

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

Filatex India Limited, a leading manufacturer of synthetic man-made filament yarns, said its Q2FY19 NET PROFIT increased 50% to 20.25 crore rupees as the company opened a new production line. Revenue rose 73% to 718 crore rupees during the July-September quarter. The results are unaudited.

 

Key Financial Highlights:

 

Quarterly Performance:

 

Ø  Net Profit surged to Rs. 20.25 Cr in Q2FY19 from Rs. 13.52 Cr Q2FY18, up by 50% YoY

Ø  Standalone Revenue stood at 718 Cr in Q2FY19 from 414 Cr Q2FY18, up 73% YoY

Ø  EBITDA at Rs. 64.84 Cr in Q2FY19 from Rs. 36.08 Cr Q2FY18, up by 79% YoY

Ø  EBITDA margin rose to 9.03% Q2FY19 from 8.71% in the same period last year

Read more

L&T Technology Services records 41% YoY revenue growth; 56% YoY net profit rise in Q2 FY19

Share/Bookmark

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

L&T Technology Services (BSE:540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the second quarter and half year ended September 30, 2018.

Highlights for Q2FY19 include:

Revenue at ₹12,661 million; growth of 10% QoQ; 41% YoY
USD Revenue at $177.2 million; growth of 5.5% QoQ and 29.5% YoY in constant currency
Net profit at ₹1,910 million; growth of 56% YoY
Interim Dividend of ₹7.5 per share (Record date November 2, 2018)

During the quarter, LTTS won 6 multi-million dollar deals across Industrial Products, Process Industry and Telecom & Hi-tech. On a YoY basis, LTTS has increased its USD30mn+ clients by 1, USD10mn+ clients by 3 and its USD5mn+ clients by 5.

“We had a strong second quarter with a 29.5% YoY rise in revenues that was broad based. All five of our industry segments grew in double digits on a YoY basis, with Industrial Products also turning around this quarter. Our Revenues from digital & leading-edge technologies increased to 33% and grew by 66% YoY.

We are seeing a healthy deal pipeline and good traction in our focus areas such as Edge computing, Smart Manufacturing, IoT, Electric & Autonomous vehicles. Our customers are investing in new technologies to transform their business and stay competitive. We are in turn continuously scaling up our technology offerings, and the acquisition of Graphene is a step towards consolidating our leadership position in the Semiconductor & Product OEM space.

In Q2 we received multiple recognitions from the industry. LTTS was adjudged ‘Best Company of the Year’ at the 14th Indo-American Chamber of Commerce Corporate Excellence Awards, which is the IACC’s highest honour,” said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

Read more

LTI Q2 FY19: USD revenue growth up 21.4% YoY; Net Profit jumps 46.7% YoY

Share/Bookmark

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 Q2 FY19 results.
In US Dollars:
Revenue at USD 328.5 million; growth of 2.7% QoQ and 21.4% YoY
Constant Currency Revenue growth of 3.5% QoQ and 22.9 % YoY

In Indian Rupees:
Revenue at Rs 23,312 million; growth of 8.1% QoQ and 33.1% YoY
Net Income at Rs 4,003 million; growth of 10.9% QoQ and 46.7% YoY

Read more

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

Share/Bookmark

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

Share/Bookmark

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.
Read more