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Key Highlights of Voltas’ Consolidated Financial Results

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

 

Q1  FY 2018-19

Q1 FY 2017-18

%

Rs. Crores

Rs. Crores

change

Gross Sales / Income from Operations

2134

1962

9%

Profit before tax

263

261

1%

Profit after tax

187

188

-

The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter ended 30th June, 2018.

 

Consolidated Results for the quarter ended 30th June, 2018:

The Consolidated Gross Sales / Income from Operations for the quarter ended 30th June, 2018 was higher by 9%, at Rs. 2134 crores as compared to Rs. 1962 crores in the corresponding quarter last year. Profit before tax was higher by 1%, at Rs. 263 crores as compared to Rs. 261 crores last year, not withstanding lower Other Income of Rs. 28 crores in the current quarter as compared to Rs. 59 crores in the corresponding quarter last year. Profit after tax was stable at Rs. 187 crores as compared to Rs. 188 crores last year. Tax expense for the current quarter ended 30th June, 2018 is determined based on tax rate that apply to different categories of income as compared to average annual effective rate in the corresponding quarter last year . Earnings per Share (Face Value per share of Re. 1) (not annualized) as at June 30, 2018 was at Rs. 5.56 as compared to Rs. 5.61 last year. Total Comprehensive Income, including notional mark to market revaluation gains / losses on equity investments, foreign currency translations, etc. for the quarter stands at Rs. 242 crores as compared to Rs. 234 crores in the corresponding quarter last year. Read more

Key to getting into Ivy League Universities – ‘Start Early’

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

Manya - The Princeton Review organized ‘The Global Admissions Connect with Admissionado’, a specially curated platform for students to reach their dream university abroad. The event witnessed participation from over 200 students from the leading schools in Delhi-NCR. The event saw sessions by eminent speakers like Mr. Colin Pfeiffer, Consultant, Admissionado & alumni of Princeton University & The University of Chicago Booth School of Business, along with Sarish Kasat, Director of Business Strategy and Development, Admissionado & alumni of Vanderbilt University. Having experience in mentoring students to lead them to their dream Ivy League Universities like Harvard University, Cornell University, University of Pennsylvania, Yale University, Columbia University, Dartmouth, Brown University, Princeton University, Colin & Sarish presented the ‘No nonsense guide to elite Undergrad & Grad admissions for Indian applicants’. The experts shared insights on the admission process, application elements and share the approach for building the application. Read more

Holding businesses accountable for plastic pollution: Clean-up and brand audits take place in key cities in India

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

As a lead-up to World Environment Day on June 5, environmental justice  groups are launching today an unprecedented coordinated waste  and brand audits in key cities in India.

Happening from May 16 to May 30 in the cities of Delhi, Pune, Mumbai, Chennai, and Bengaluru along with various cities in Goa, Kerala, and 12 Himalayan States, the audits seek to highlight the role of corporations in the global plastic waste crisis, results of which will be published on 4th June. Read more

Key Highlights of Voltas’ Consolidated Financial Results

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

 

FY 2017-18

FY 2016-17

%

Rs. Crores

Rs. Crores

change

Profit after tax

578

520

11%

Profit before tax

805

720

12%

Total Income

6602

6307

5%

 The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, today announced the Consolidated Financial Results (including the Consolidated Segment Report) for the quarter and year ended March 31, 2018. The Company has adopted Indian Accounting Standards (“Ind-AS”) from 1st April, 2016 and the accounts have been accordingly prepared.

 

Consolidated Results for the year ended March 31, 2018:

The Consolidated Total Income for the year ended March 31, 2018 was higher by 5%, at Rs. 6602 crores as compared to Rs. 6307 crores last year, owing to improved efficiencies across businesses. Profit before tax was higher by 12%, at Rs. 805 crores as compared to Rs. 720 crores not withstanding lower other income of Rs. 174 crores in the current year as compared to Rs. 212 crores last year. Profit after tax was also higher by 11%, at Rs. 578 crores as compared to Rs. 520 crores last year. Earnings per Share (Face Value per share of Re. 1) as at March 31, 2018 improved to Rs. 17.30 as compared to Rs. 15.64 last year. Total Comprehensive Income, including notional mark to market revaluation gains / losses on equity investments, foreign currency translations, etc. for the year was higher at Rs. 741 crores as compared to Rs. 601 crores last year. Read more

Eros International acquires film rights to best-selling author Ashwin Sanghi’s THE KRISHNA KEY

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

Eros International, a leading global company in the Indian film entertainment industry has acquired the rights to adapt best-selling Indian author Ashwin Sanghi’s anthropological thriller The Krishna Key into a theatrical film and original series for their digital over-the-top (OTT) South Asian entertainment platform, Eros Now. Read more

INDUSIND Media & Communications limited provides live telecast of “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” to viwers across Mumbai, Maharashtra and key cities across India

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

NDUSIND Media & Communications limited of Hinduja Group provides the live telecast of events from  “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” through their Indigital services for the benefit of all their viewers in Greater Mumbai, Maharshtra and some Key cities in India. The lvie telecast will be available on  their local channel 998 and HD channel 969 of Indigital from 18th to 20th February 2018

The telecast would be an exclusive live coverage of the Mega Event “Magnetic Maharashtra Convergence 2018 – Global Investors Summit” from MMRDA Ground, BKC, Mumbai

“Magnetic Maharashtra: Convergence 2018” is a  one-of-a-kind gathering of the best the State has to offer in Automobiles / Auto Components, Defence, Food Processing, IT/ITes, Electronics, Heavy Engineering and Pharmaceuticals. Magnetic Maharashtra: Convergence 2018 is Maharashtra’s first Global Investors Summit which is being regarded as one of the biggest events, on the lines of the ‘Make In India’ initiative launched by the Prime Minister Read more