Tag Archive for revenue

Varroc Engineering Ltd. revenue from operations for Q1 FY19 increased by 28.8% YoY to Rs 29,188 million


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 first quarter ended June 30, 2018 (Q1 FY19).

Summary Consolidated Financials

      (Rs million)

Consolidated Financial Performance

  • Reported revenue from operations for the quarter was Rs 29,270 million, an increase of 20.2% over Q1 FY18. Revenue growth, excluding the impact of Excise Duty in Q1 FY18 and the Interior Plastics Business in North America which was phased out during FY18, was at 28.8% YoY. The India Business revenue increased by 28.3%, the Global Lighting Business (VLS) by 29.1% and Others by 31.8% over Q1 FY18.

  • The reported EBITDA for Q1FY19 was Rs 2,412 million, an increase of 9.1% YoY. EBITDA on a like-for-like basis was up by 26.0% and the EBITDA margin on like-for-like basis for the quarter was at 8.8%.

  • The PAT for the quarter was at Rs 1,004 million as compared to Rs 984 million for Q1 FY18. Read more

USD Revenue growth up 23.4% YoY; Net Profit jumps 35.2% YoY


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

Lifeasy turns Cash Positive, targets ₹50 crore revenue by 2020


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

Lifeasy, India’s leading On-Demand home services app, is now a cash positive organization- the first in the On-Demand Home Services Industry.

Speaking on the development, Rakesh Gupta, Co-Founder Lifeasy, said, “In a span of 2 years, Lifeasy has endeared itself to its users and subscribers. We have gathered our learnings from every single one of the 30,000+ services & deliveries that we have done so far. We are sure that our consumers will continue to place their faith in us and that Lifeasy will go ahead full steam with the varied offerings & plans that we will have in the coming future”.

Lifeasy is about making people’s life easy by letting them worry- one thing less at a time. With services ranging from cleaning to repairing to painting and others, Lifeasy is not a marketplace or an aggregator in a category crowded by the likes of UrbanClap or Housejoy. Only two years old, Lifeasy is a bootstrapped between its Founders. While FY 2016- ‘17saw 4000 completed orders, FY 2017-18 saw over 25,000 and a revenue stream of Rs. 3.25 Crores.

The current basket from Lifeasy works across 200 types in 18 categories. The variety ranges from repairing leaking taps to old furniture. From fixing electrical issues to appliance repair, home painting & cleaning services, personal care services and much more. Currently serving in the Delhi-NCR region (Delhi, Noida Greater Noida, Gurgaon, Ghaziabad & Faridabad), Lifeasy is a bootstrapped operation- having started with only Rs. 1.25 Cr. and will eventually move in to raise funds to accelerate its growth path. The expansion plans include expanding into the Bengaluru & Mumbai spaces after the Delhi-NCR market and expand its basket of services, so that Lifeasy becomes the partner of choice for any service at any home.

With a target of reaching the Rs. 50 Cr revenue mark by Q1-2020, Lifeasy plans to scale up with a daily service execution of 500-600 per day in the immediate future and going to 1500 services per day with the addition of the new cities- having services over 30,000 customers already in FY 2017-18 (inward revenue of Rs.3.25 Cr). Read more

Retailers could increase annual revenue by as much as 5% by investing in cybersecurity measures that shoppers trust


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

A new report by Capgemini’s Digital Transformation Institute has revealed that cybersecurity is a new source of competitive advantage for retailers. It calls for more organizations to align cybersecurity policies with customer expectations in order to take advantage of this opportunity. The report, Cybersecurity: The New Source of Competitive Advantage for Retailers demonstrates that consumers are increasingly aware of security breaches in retail and are willing to spend more with retailers who demonstrate robust cybersecurity capabilities. Based on average annual consumer spending, this equates to a potential annual revenue uplift of 5.4%.

The new report, which surveyed over 6,000 consumers and 200 retail executives found that 77% of consumers ranked cybersecurity as the third most important factor when selecting retailers, behind product availability and quality, and above traditional factors including pricing and brand reputation. Strong cybersecurity measures increase customer satisfaction by 13%; while 40% of consumers would be willing to increase their online spend by at least 20% more with retailers they trust. The report revealed that retailers who are able to adopt advanced cybersecurity measures could drive a 5.4% uplift in annual revenue. Read more

Jindal Stainless Ltd FY18 revenue surge by 30%


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

Jindal Stainless Limited (JSL) consolidated its financial position by successively posting a profit for the sixth straight quarter. JSL recorded a robust revenue growth of 30% in FY18. Increase in stainless steel demand and improved operational performance led to growth in total revenue in FY18 at Rs 10,785 cr as against Rs 8,311 cr in CPLY (corresponding period last year). The total consolidated FY 18 sales volume touched 778,933 MT, recording a growth of 21% as against 641,333 MT in CPLY. JSL reported a strong growth in PAT at Rs 318 cr in FY18 as against Rs 58 cr in CPLY, registering almost six times increase. EBIDTA was up by 16% at Rs 1,281 cr in FY18. The net worth of the company as on March 31, 2018 stood at Rs 2,352 cr. Improved operational efficiency in FY18 led to an increase in total stainless steel melt production which stood at 797,156 MT and was up by 10% as compared to CPLY.


Commenting on the outstanding performance of the company, Managing Director, JSL, Abhyuday Jindal, said, “The Company has delivered a strong result in FY18 for the second consecutive year. Our robust performance in FY 17-18 reinforces that JSL has set itself on a strong and sustainable growth journey. We will continue to enhance our offerings in the market with increased production of auto grade stainless steel and also meet the growing demand for railway coaches. Architecture, Building & Construction (ABC) and Automotive, Railway & Transport (ART) segment will also supplement stainless steel consumption.     Despite protectionist measures in some parts of the world, we will continue to maintain our stability in exports. With our industry leadership, our focus will expand to new application development and further improve our market outreach in FY19.” Read more



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

The Pr. Chief Commissioner CGST & Central Excise, Mumbai zone organized the 29th West zonal Cultural Meet 2017-18 under the aegis of the Central Revenue Sports and Cultural Board, CRSCB, at Mumbai from the 14th to 16th Feb 2018 at Swatantrya Veer Savarkar Rashtriya Smarak, Auditorium, Shivaji Park, Dadar West, Mumbai. Read more

Solar Industries India Ltd. Q3FY18 Revenue up by 10.48% to Rs. 465.68cr


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

Solar Industries India Ltd., the country’s largest manufacturer and exporter of commercial explosives and explosives initiating systems, declared its financial results for the quarter ended December 31, 2017. Highlights of the unaudited results (The sales for the reported quarter are “Net of GST”.)


Highlights of Q3 FY17-18 performance

  • Net Sales stood at Rs. 465.68 crore as compared with Rs. 421.51 crore in Q3FY17 registering a growth of 10.48% YoY.

  • The EBITDA in Q3FY18 is at Rs. 106.93 crore up by 31.22% YoY in comparison to Rs. 81.49 crore in the same period last year.

  • PBT stood at Rs. 82.58 crore in Q3FY18 from Rs. 65.25 crore in Q3FY17, up by 26.56%.

  • Net profit after minority interest rose by 13.83% YoY at Rs. 54.15 crore for Q3FY18 up from Rs. 47.57 crore in Q3FY17.

  • EBIDTA % stands at 22.96% as compared with 19.33% in Q3FY17.

  • PBT % stands at 17.73 % in Q3FY18 as compared with 15.48% in Q3FY17.

  • Net profit % stands at 11.42% compared with 11.27% in Q3FY17.

  • Order book stands at Rs. 1306 crore.


Highlights of 9M FY17-18 performance

  • Net sales increased by 17.83% YoY to Rs. 1340.78 crore in 9MFY18 from Rs. 1137.89 crore of 9MFY17.

  • EBITDA rose by 25.30% YoY to Rs. 301.75 crore in 9MFY18 from Rs. 240.82 crore in 9MFY17.

  • PBT rose to Rs.238.42 crore in 9MFY18 when compared with Rs. 191.53 crore in 9MFY17, a growth of 24.48% YoY.

  • Net profit after minority interest jumped by 17.52% to Rs. 154.67 crore for 9MFY18 from Rs. 131.61 crore in 9MFY17.

  • EBIDTA % stands at 22.51% in 9MFY18 as compared with 21.16% in 9MFY17.

  • PBT % stands at 17.78% in 9MFY18 as compared with 16.83% in 9MFY17.

  • Net profit % stands at 11.54% in 9MFY18 as compared with 11.57% in 9MFY17.

  • Capital Expenditure till 9MFY18 is Rs. 130.64 crore. Read more