Tag Archive for quarter

Varroc Engineering Ltd , announced its results for the second quarter ended September 30, 2018 (Q2 FY19)

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

Varroc Engineering Ltd. (Varroc), a global tier-I auto component group, today announced its results for the second quarter and half year ended September 30, 2018 (Q2 & H1 FY19).

Summary Consolidated Financials

      (Rs million)

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UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2018.

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

The Board of HVL at its meeting held today approved un-audited standalone financial results for the quarter and half year ended September 30, 2018.

HVL Standalone Results:-

HVL on standalone basis reported a total income of Rs. 26.72 Crores for the half year ended September 30, 2018.

Pursuant to adoption of IND AS, the mark to market gains in respect of equity shares held by the Company in IndusInd Bank Limited were reflected in the Balance Sheet as on March 31, 2018. The price at which the mark to market adjustment was carried out in the Balance Sheet on March 31, 2018 was Rs. 1796.75 per share. The corresponding market price as on September 30, 2018 was Rs. 1690.05 per share. This reduction in value in respect of shares held as “Stock in trade” is reflected in the Profit & Loss Account for the current period and in respect of shares held as “Investments” is reflected in “Other Comprehensive Income” in the reserves of the Balance Sheet for the current period.

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HINDUJA VENTURES LIMITED (‘HVL’) UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2018

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

The Board of HVL at its meeting held today approved the un-audited standalone financial results for the quarter ended June 30, 2018.

 

The Indian Accounting Standards (IND AS) as prescribed by Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder became applicable to HVL from April 01, 2018. Accordingly, HVL’s results for the Quarter ending June 30, 2018 have been prepared under IND AS and the previous year’s comparative numbers have been re-stated under IND AS.

 

HVL Standalone Results for the quarter ended June 30, 2018 under IND AS:-

 

HVL on a standalone basis reported a total income of Rs. 78.12 Crores for the quarter ended June 30, 2018 as against Rs. 36.88 Crores for the quarter ended June 30, 2017.

 

The net profit after tax for quarter ended June 30, 2018 stood at Rs. 36.11 Crores as against Rs. 10.75 Crores during quarter ended June 30, 2017.

 

REVISED AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2018

 

Revised Standalone total income for the year ended March 31, 2018 Rs. 225.10 Crores and PAT Rs. 104.11 Crores

Revised Consolidated total income for the year ended March 31, 2018 Rs. 868.97 Crores and Loss after tax and minority interest Rs. (244.51) Crores

 

The Board of HVL at its meeting held today also approved the revised audited standalone and consolidated financial results of the Company for the year ended March 31, 2018 after giving effect to the Scheme of Amalgamation of Grant Investrade Limited, a wholly owned subsidiary of the Company (“Transferor Company”) and the Company, namely, Hinduja Ventures Limited (“Transferee Company”) w.e.f. October 01, 2017 being the Appointed Date. The Scheme of Amalgamation of Grant Investrade Limited into the Company was sanctioned by the Hon’ble National Company Law Tribunal on May 10, 2018 and the Scheme became effective w.e.f July 02, 2018. Read more

OnMobile Reports First Quarter Fiscal 2019 Results

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

Revenue grew by 1.7% Q-o-Q in Q1 FY19

 

•       Bangalore, India – 27th July, 2018: OnMobile Global Limited (“OnMobile”) today announced the results for First Quarter FY2019 ended June 30, 2019.Revenue is up by 1.7% q-o-q after 2 consecutive quarters of decline. EBITDA margin at 7% in Q1 FY19; Operating profit for Q1FY19 is Rs.8 Mn which is 0.6% improvement over the last quarter.

 

Q1 FY2019 Business highlights:

 

International business (81% of total revenue)

 

Overall international business at 81% of the total revenue.

  • o      Europe:
  • §  Europe recorded a revenue growth of 6.6% q-o-q and 10.6% y-o-y.
  • §  Movistar games service launched in April with Movistar Spain under the name and brand “Movistar Juegos”
  • §  All You Can Eat (AYCE) service with no in-app purchases & no ads
  • §  Curated Games (games rated above +4 and with more than 1M downloads)
  • §  Parental Control and Family Plan
    • o     Latin America:
    • §  Revenues down by 10.6% q-o-q and down by 32.1% y-o-y.
    • §  Our portfolio powers various gaming formats like downloads, HTML5 games, pay per downloads, freemium & premium games
    • §  Launched a quick web based games store builder
      • o     Asia:
      • §  Revenuegrew by 1.8% q-o-q and down by 32.7% y-o-y.
        • o     Africa & Middle East:
        • §  Revenue up by 8.7% q-o-q and 24.1% y-o-y. Read more

KPIT First Quarter Results FY 2019

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

KPIT (BSE:   532400; NSE: KPIT), a global technology company specializing in providing IT Consulting andProduct Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported itsconsolidated financial results for the first quarter ended June 30, 2018.

 

Highlights for the quarter ended June 30, 2018

  • Rs. Revenues grow 4.9% Q-o-Q and 16.5% Y-o-Y, cross the Rs. 1,000 Crore quarterly revenue milestone
  • Net Profit for the quarter registers a Y-o-Y growth of 39.6%
  • Reported EBITDA for the quarter at 12.1%, a Y-o-Y growth of 54.5%
  • Net Cash position continues to improve, Net Cash at Rs. 3.5 Bn. as at the end of the quarter

Management comments

Commenting on the performance of Q1 FY19, Kishor Patil, Co-founder, CEO & MD, KPIT said, “We continue to focus on improving profitability and growth. We improved our operational margins by 50 bps during the quarter. We are on track with respect to the milestones on the proposed merger and then demerger of IT and Automotive Engineering businesses. We truly believe this will continue to be a significant value creator for all stakeholders as it has been in the last one year.” Read more

KPIT Fourth Quarter Results FY 2018

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

KPIT (BSE:  532400; NSE: KPIT), a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the fourth quarter and fiscal year ended March 31, 2018.

 

Highlights for the quarter ended March 31, 2018

  • Q4 FY18 PAT at ₹760 Million, a Q-o-Q growth of 23.2%, Y-o-Y growth of 41.6%
  • Q4 FY18 reported EBITDA at 11.4%, Operational EBITDA without transaction expenses at 12.7%
  • Q4 FY18 ₹ Revenue up by 6% Q-o-Q and 12.6% Y-o-Y
  • Net Cash Balance as at March 31, 2018 stood at ₹3.18 Billion (₹0.77 Billion as at March 31, 2017)
  • FY19 Growth Outlook of 8% – 10% in USD Revenue

 

Management comments

 

Commenting on the performance of Q4 FY18, Ravi Pandit, Co-founder, Chairman & Group CEO, KPIT said, “We are encouraged by the revenue growth during the quarter, led by engineering and certain segments of Business IT viz. Digital and ePLM. We will continue to invest in future technologies relevant for our customers. We are progressing well on the Merger-Demerger transaction, with all regulatory filings on track.” Read more

HINDUJA VENTURES LIMITED(‘HVL’) UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2017.

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

The Board of HVL at its meeting held today approved un-audited standalone financial results for the quarter and nine months ended December 31, 2017.

 

HVL Standalone Results:-

 

  • HVL on standalone basis reported a total income of Rs. 169.12 Crores for the nine months ended December 31, 2017 as against Rs. 173.91 Crores for the nine months ended December 31, 2016.

 

  • The net profit after tax for nine months ended December 31, 2017 stood at Rs. 88.80 Crores as against Rs. 88.39 Crores during nine months ended December 31, 2016. The Net Profit After Tax for the period ended grew by 0.47 %.

 

  • For the quarter ended December 31, 2017, the total income of the Company stood at Rs. 64.88 Crores compared to Rs 53.58 Crores for the quarter ended September 30, 2017 and Rs. 52.79 Crores for the quarter ended December 31, 2016.

 

  • The net profit after tax for the quarter ended December 31, 2017 stood at Rs. 33.76 Crores as against Rs. 29.55 Crores for the quarter ended September 30, 2017 and Rs. 35.99 Crores for the quarter ended December 31,2016. Read more

KPIT investor update for the third quarter ended December 31, 2017

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

KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in providing IT Consulting andProduct Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported itsconsolidated financial results for the third quarter and nine months ended December 31, 2017.

 

Highlights for the quarter ended December 31, 2017

CC revenue was flat in Q3 FY18 as compared to Q2 FY18

Q3FY18 INR Revenues at ₹ 9,127.7 Million, a Y-o-Y growth of 10%

Q-o-Q Growth of 9.6% in absolute EBITDA

Q3FY18 PAT at ₹ 616.8 Million, a Q-o-Q growth of 3.3% and Y-o-Y decline of 16.2%

Net Cash Balance of ₹ 1,772 Million as at Q3 FY18 end Read more

Hyleen performs at The Quarter, Bonjour India 2017-18

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

Following the launch of Bonjour India – incubating dreams, ideas and projects which aim to move the partnership between India and France into the future, Bhopal saw the beginning of French Jazz, Soul and Funk music Hyleen’s seven city tour in India in collaboration with Gatecrash and with the support of the network of Alliances Françaises. Hyleen will perform at The Quarter in Mumbai on 12th January, 2018. After this performance the group will be heading Nagpur, and concluding it in the capital city, New Delhi. Read more