Tag Archive for growth

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

MBL delivers strong margins at 36% in Q4 FY18 - Topline growth at 14% YOY in Q4 FY18

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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 and Year ended March 31st, 2018 and has delivered a topline growth of 14% in quarter 4 with a margin of 36%.

Particulars (Rs in Crores)

Q4 FY18

Q4 FY17

YoY %

FY18

FY17

YoY %

Revenue

75.9

66.6

14%

298.3

271.4

10%

EBITDA

27.4

16.6

65%

97.1

91.3

6%

EBITDA Margins

36.0%

24.9%

32.6%

33.6%

PAT

16.3

4.5

261%

51.7

36.7

41%

All the Phase III Stations commenced operations from Q4FY17

  • Key Highlights – Q4FY18 :

  • EBITDA Margins at 36% with a 65% growth in EBITDA

  • EBITDA breakeven in Ph3 markets. Faster than anticipated

  • Robust revenue growth at 14%

  • PAT growth by 261%

 

  • Key Highlights – FY18 :

  • Strong revenue growth at 10%

  • Volume growth better than the industry

  • Revenue growth majorly contributed by volume increase in the New Stations and robust value growth in Legacy Markets

  • EBITDA Margins at 32.6%

  • PAT growth by 41%

  • Volume share Increased to ~21% in the 15 Aircheck markets

  • Market Share in Bengaluru & Mumbai at 25% & 13.7% respectively Read more

The All India Gem & Jewellery Domestic Council (GJC) sets the 2025 Growth Vision for India’s gems & jewellery sector at Manthan Gems & Jewellery Conclave 2018 on April 5- 6, 2018

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

Cricketer Saurav Ganguly at GJC's Manthan Gems & Jewellery Conclave 2018

The All India Gem & Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF), announced Manthan Gems & Jewellery Conclave 2018 supported by World Gold Council and powered by GIA on April 5- 6 at Hotel Sahara Star, Mumbai. Manthan Gems & Jewellery Conclave 2018 was inaugurated by BJP leaders Shahnawaz Hussain in the presence of Nitin Khandelwal (Chairman, GJC), Mr. Anantha Padmanaban (Vice Chairman, GJC), Mr. Manoj Kumar Jha (Convenor-Manthan, GJC) and Mr. Shaankar Sen (Jt. Convenor-Manthan, GJC) and BJP leader Girish Vyas. Read more

The All India Gem & Jewellery Domestic Council (GJC) announces Manthan Gems & Jewellery Conclave 2018 on April 5- 6, 2018 Setting the 2025 Growth Vision for India’s gems & jewellery sector

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

Mr Ashok Minawala, Past Chairman, Mr Manoj Kumar Jha, Director and Convener, Manthan, Mr Nitin Kadam, Director and other prominent members of All India Gem and Jewellery Domestic Council today at a press conference announced about the upcoming event “Manthan Gems & Jewellery Conclave 2018”, a two day gems and jewellery extravaganza scheduled on 5th and 6th April 2018 in Mumbai.

The All India Gem & Jewellery Domestic Council (GJC), formerly known as All India Gems & Jewellery Trade Federation (GJF), announced Manthan Gems & Jewellery Conclave 2018 on April 5- 6 at Hotel Sahara Star, Mumbai. Leading and notable luminaries from various walks of life will share their views on varied topics like Leadership is about creating leaders, Creating a lasting brand, Disruptive innovation – impact on a brand, From good to great, The changing dimension of women entrepreneurship, Gen next of jewellery, Ethics and business, The business of luxury, Design through inspiration, The changing dimension of technology, the IPO journey – creating value that lasts. With speakers like Shri Saurav Ganguly (legendary cricketer), Shri Manoj Dwivedi (Jt. Secretary, Ministry of Commerce, Government of India), Industrialist Shri Suresh Narayanan, CMD, Nestle, Shri Vivek Chaand Sehgal, Chairman Motherson Sumi Systems, Shri Devendra Shah, CMD Gowardhan, Shri Shriprakash Shukla from Mahindra & Mahindra group, Sudhanshu Mittal, Director, Nasscom, Asher O., MD, Malabar Besides, Abhishek Lodha, MD, Lodha Group, Gaurav Singh Kushwaha, CEO, Bluestone, Suvanker Sen, ED, Senco Gold, Fara Khan Ali, Designer. Read more

LAVA elevates Sunil Raina as President and Business Head; To lead business functions towards company’s accelerated growth

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

LAVA International Limited today announced the elevation of  Sunil Raina as President & Business Head as it gears up for accelerated growth.

Sunil Raina will now take up the business leadership role at LAVA International, with all the business functions viz., Sales & Distribution, Product, Customer Service, Marketing Communication and Sales Automation reporting to him; including Business HR reporting dotted line to him as well.  Sunil Raina has been elevated as President and Business Head from his current position as Chief Marketing Officer, to lead company’s focused growth strategy.  Read more