Indo Rama Synthetics Q1 Financial Results

Indo Rama Synthetics (India) Limited, India’s largest dedicated polyester manufacturer, today announced its un-audited results for the Quarter ended June 30, 2015.

For the quarter ended June 30, 2015, the Company’s net revenues stood at Rs.642.48 crore as against Rs.718.47 crore in the corresponding quarter of the previous year. The operational EBIDTA for the quarter stood at Rs.32.55 crore as compared to Rs.43.67 crore for the corresponding quarter in the previous year. Net Profit after Tax (PAT) for the quarter ended June 30, 2015 is reported at Rs.4.91 crore as compared to Rs.22.05 crore in corresponding quarter of the previous year.

The sales volume for the quarter increased to 79,088 tons as compared to 75,573 tons in the corresponding period of the last financial year, reflecting an increase of 4.65% on quarter basis. However, due to continuous fall in the global crude oil prices in the last several months, which led to a reduction in raw material and selling prices for the products of the Company, it has reported a lower net sales of Rs.627.92 crore as compared to Rs.705.27 crore in the corresponding period of the previous year.

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Videocon Telecom registers 43% Growth in Q1

Videocon Telecom, the versatile, friendly and dynamic telecom brand of the Indian conglomerate Videocon group, posted an impressive 43% growth in its Net Revenue for GSM business in Q1 FY 2015-16 over same quarter last financial year. The telco is targeting a consolidated Topline Revenue of 3000Cr in year 2015-2016.

Going aggressive on Customer acquisition, Videocon Telecom achieved 32% growth in its subscriber base over same quarter last year. While, the June 15 Industry Net subscriber addition numbers are still awaited, within April & May 2015, against the industry net subscriber addition (-) 90 K in the 4 operational circle of the telco , Videocon Telecom added 311K Net subscribers addition . The telco plans to acquire 10 Mn new subscribers this financial year .

Despite the impact of increase in Service tax incidence and reduction in Roaming rates, Videocon Telecom reported a 21% improvement in its NRPM (Net rate per min) in Q1 this year over
previous year. The Telco also reported a 15% growth in its minutes of usage during the same period.

Owing to telco’s strategy to upgrade its Network to 2.75 G EDGE, the telco has been substantially
growing its data revenues. Videocon Telecom has doubled its data revenues in Q1 this year over same quarter last year, surpassing the industry growth. Data now contributes to approx 12% of the telco’s Gross Revenue and the company aims at taking up the data contribution to GR at 15% by end of current Financial Year.

After delivering one of the fastest EBITDA positive in Telecom history in its Punjab circle, the telco is targeting EBITDA positive in its MP and Haryana circles by the end of this financial year. Mr. Arvind Bali, Director and CEO, Videocon Telecom said “Its said, ‘well begun is half done’, and I am pleased with the results of Q1 this year. We have achieved 99% of our targeted Gross Revenue in Quarter 1, and this is despite the increase in Service Tax incidence and Roaming rate implication. Our GSM Net Revenue is up by 43% over same quarter last year, and all KPIs, be it gross level or unit level, look promising.

Being a new entrant, our strategy was to attain incremental Customer and Revenue market leadership in our operational circles, and we have been able to achieve the same , while the June ’15 Industry Net Subscriber addition numbers are still awaited, in April and May’15 , the Industry Net adds in our 4 operational circles was (-) 90K , while we added 311 K net subscribers .We aim to maintain and accelerate this growth rate further.

We are targeting over 10 Mn new subscriber acquisitions, Top line Revenue target 3000 Cr and EBITDA positive in MP and Haryana telecom circles in Financial Year 2015-2016 .” Mr. Bali added.

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Insecticides India Ltd registers a Profit Growth of 37% this Fiscal

New Delhi, May 28: Insecticides (India) Ltd (IIL), India’s leading agro chemicals manufacturing company, reported robust growth in the fiscal ending March 2015, riding on increasing penetration across the country and variety of new products to meet different requirements of Indian farmers.

IIL clocked an increase in net profit of 37 % as against the last financial year, with the net income of the company rising 12 % against the 2013-14 fiscal. At the same time, the quarterly results at the end of March 31, 2015 showed an increase in net income of almost 20 % as against the quarter ending March 31, 2014.

The company’s net income from sales during the period April, 2014 to March 2015 stood at Rs 964.19 crore as against Rs 864.08 crore during the preceding financial year. As compared to Rs 135.24 crore net income from sales in the quarter ending march 2014, the quarter ending March 31, 2015 produced a net income of Rs 160.84 crore.

IIL recorded impressive growth across all key performance indicators including Turnover, Profit after Tax (PAT) as well as Earning per Share (EPS).

The basic and diluted EPS this fiscal stood at Rs. 43.26 as against Rs. 31.50 in the corresponding period of last year, a growth rate of 37 %.

Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd. (IIL), said he expects growth to be even better this year.

“Last year the climatic conditions were erratic, and farmers also suffered losses due to less rainfall during the kharif season and excess rainfall during the Rabi season. Still, IIL has registered impressive growth. The annual figures are encouraging and clearly indicate a continued growth of market for our products. Our efforts to achieve greater penetration and raise awareness among farmer about judicious use of agrochemicals have brought rich dividends for us. The products launched over the past 2-3 years including Hakama, Pulsor, Xplode and Logo have led the growth figures. With predictions of a timely monsoon, we expect to continue on the growth trajectory,” he said.

The leading and most popular brands in the kitty of IIL include Nuvan, Pulsor, Hakama, Lethal, Victor, Thimet and Monocil. Last year, IIL launched Mycoraja, its first bio-product equipped to promote healthy growth and greater nutrient absorption in a wide range of crops from rice, wheat and vegetables to oilseeds as well as cotton.

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