Tag Archive for records

Bhagyashree Deshpande collaborates with Fevicol A+ in an attempt to create Limca Book of Records at High Street Phoenix in Mumbai for creating the largest paper quilling Ganesha idol

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

Bhagyashree Deshpande attempting Limca Book of Records for tallest Paper-quilling Ganpati idol supported by Fevicol A+, along with kids

Fevicol A+, a specialized adhesive brand for crafting from the house of Pidilite, supported artist Bhagyashree Deshpande in the attempt to etch her name in the prestigious Limca Book of Records by creating the largest paper-quilling Ganesh idol at the High Street Phoenix premises in Mumbai.

Unveiled today, in the build-up to the Ganesh Chaturthi at High Street Phoenix in Lower Parel, the idol stands five feet and two inches tall. Made from 40,000 paper strips glued together with 50 bottles of Fevicol A+ of 85 gms each had been largely completed beforehand by Deshpande and had 50 students from schools across Mumbai come together for applying the finishing touches today. 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

SONY MUSIC RELAUNCHES ARISTA RECORDS WITH HITMAKER DAVID MASSEY

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

Sony Music Entertainment CEO Rob Stringer today announced the relaunch of Arista Records under the leadership of highly regarded music industry executive David Massey.

The legendary label will become an all new frontline creative center within Sony Music led by Massey, who will serve as president and CEO of Arista. Massey is based in New York and reports directly to Stringer. 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

Race 3 records highest opening day figure!

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

The much-awaited movie of the year, Race 3 starring Salman Khan has received admiration starting day one itself! The movie hit theatres on 15th June prior to Eid with an opening day figure of Rs 29.17 Cr already, marking the highest opening for a Bollywood Film in 2018. Read more

SQC records completion of 15 years as a preferred partner for CMMI Quality benchmarks for Indian Aerospace and Defense industry

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

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Software Quality Center (SQC) is proud to announce the completion of a glorious 15 years in bringing CMMI, the ‘Gold Standard’ in Quality benchmark to high end Indian Aerospace, Defense and select hi-tech organizations. This has helped Indian industry since the late 1990s to elevate performance and build capability to be globally competitive and also pitch for high value contracts with their customers all over the world.

 

SQC has been a pioneer since late 1990s in India to help Indian companies to improve using the best practices proven and tested globally, and thereby facilitate competitiveness.

 

“While everyone wants to credit just the big companies here like Infosys, Wipro and their peers, for pretty much everything, some of the best talent in India resides in Aerospace, Defense, Medical devices and high-tech- and this is the Industry we have solely focused on since our inception in India as well as globally headquartered in the US,” said Krish Puthucode, CEO of SQC. 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

Anand Bhaskar Collective sings up exclusively with Go Live Talent & Records

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

Anand Bhaskar with Varkey Patani

Known for polishing raw talent and helping them reach the zenith is what Go Live Talent and Records excels in. After building up innumerable naive artists, the company owned by Varkey Patani has signed another band entitled ‘Anand Bhasker Collective’ as their exclusive artist. Read more

Krishnapatnam Port records 88% rise in container handling in FY18

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

(L-R) Mr. Anil Yendluri – Director & CEO along with Ms. Vinita Venkatesh - Director, Krishnapatnam Port Container Terminal at the press event

Krishnapatnam Port Company Limited (KPCL), the country’s largest all-weather; deep water port, on the east-coast of India, today announced that it has handled 45 Million Metric Tonne(MMT) of cargo in 2017-18 (FY18) thus, achieving a 25% growth over 36.10 MMT handled in the previous fiscal. Read more

Times Music & Speed Records Collaborate: YouTube Channel Hits 10 Million Subscribers!

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

Times Music, one of India’s leading record labels and music publishers, and Speed Records, the leading music label in Punjab, join hands to offer their audience a wider choice of music and help grow the Punjabi music genre across India and in global markets. An initiative started in December 2017, Speed Records YouTube channel, with the help of its partnership with Times Music, now hits 10 million subscribers on YouTube. Read more