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Showing posts from May, 2015

Minda Corporation Limited continues stellar performance as EBITDA increases by 33% led by strong revenue growth of 24%

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Mumbai, India, May 27, 2015 – Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), a leading automotive component and flagship company of SPARK MINDA - Ashok Minda Group, announces its Q4 and Full Year FY2015 results, in accordance with Indian GAAP. Consolidated Performance Highlights: FY2015 vs. FY2014 ·Total Revenue increased by 23.6% Y-o-Y to Rs. 19,706 million ·EBITDA increased by 33.4% Y-o-Y to Rs. 2,082 million; Margins expanded by 78 bps to 10.6% ·Profit after Tax increased by 12.8% to Rs. 895 million, Margins of 4.5% ·Net Debt of Rs. 4,010 million (Q3 FY2015: Rs. 4,335 million) ·Debt / Equity ratio of 0.86x (Q3 FY2015: 1.16x) ·Recommended final dividend of Rs. 0.20per share
Commenting on the results and performance, Mr. Ashok Minda, Chairman and Group CEO said:

Tree House Education’s Q4FY2015 net profit jumps 112.84% to INR 17.12 crore

ØRevenue from operations for Q4FY15 rises 41.77 % to INR 50.68 crore;
ØTree House opened 50 preschools centers in the lastquarter of FY2015, taking total to 612
Mumbai, May 28, 2015: Tree House Education and Accessories Limited (‘Tree House”), India's largest self-operated pre-school chain, today, has posted a 112.84 percent rise its net profit for Q4FY2015. The net profit for the quarter ended March 31, 2015 stood at INR 17.12 crore compared to INR 8.04 crore in Q42014. Revenue from operations for Q4FY15 rose 41.77 % to INR 50.68 crore as compared to INR 35.75 crore for the Q4FY2014.  EPS (Fully diluted) for the quarter ended March 31, 2015 stood at INR 4.40. 
Maintaining sharp focus on enhancing financial performance the Company registered 31.6% growth in topline and 38.65% increase in Profit After Tax in FY15. Tree House posted total income of INR 207.45 crore compared to INR 157.64 crore in the FY 2014. The Net Profit for FY 2015 rose to INR 60.88 crore compared to INR  43.92…

PNC Infratech shares list at over 2% premium

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Shares of PNC Infratech today listed on the stock exchanges with a premium of over 2 per cent against the issue price of Rs 378 a share.The stock debuted at Rs 381, up 0.79 per cent, on BSE.On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent. L to R: Mr. DK Maheshwari (AVP, PNC), Mr. Yogesh K Jain (MD, PNC), Mr. Pradeep Kumar Jain (CMD, PNC), Mr. Chakresh K Jain (MD, PNC), Mr. Naveen K. Jain (Director) and Mr. Anil K. Rao (Director, PNC) at the listing ceremony of PNC Infratech Ltd. at NSE Currently, the company commands a market valuation of Rs 1,911.22 crore.
In terms of volume, 6.66 lakh shares of the company changed hands at BSE while over 24 lakh shares were traded at NSE in the morning trade.
The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.
The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. PNC Infr…

SLCM conferred CII Scale Awards 2015 for Exemplary Position in Supply Chain & Logistics - Agri Warehousing

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SLCM conferred CII Scale Awards 2015 for Exemplary Position in Supply Chain & Logistics - Agri Warehousing Mumbai, 25th May, 2015: Sohan Lal Commodity Management (SLCM) bagged the award for Exemplary Position in Supply Chain & Logistics- Agri Warehousing at the CII Scale Awards 2015. The company was felicitated by Mr. S Ramesh,          Chief Commissioner – Customs, Govt. of India; Mr. Atulya Misra, Chairman – Chennai port Trust, Govt. of India & Mr. R Dinesh, Chairman – CII Logistics Advisory Council amidst a grand award ceremony held at ITC Grand Chola, Chennai on May 22, 2015. Talking about the same, Mr. Sandeep Sabharwal – Group CEO, SLCM said “We are proud to receive the award which is a huge recognition for the work we have been doing all these years. It signifies our capability and is indeed a motivation to continue innovating and creating even more benchmarks in the coming years.” The winners were selected after a long deliberation by the esteemed jury which include…

SLCM partners with C B Bank - Myanmar’s leading Bank to provide Collateral Financing

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SLCM Group expands network in Myanmar with second tie-up
Highlights: ·Tie-up with C B Bank aimed to provide Collateral Financing to farmers at an annual interest rate of 13%; Plans to double the presence from four locations to eight locations by second quarter of FY15 ·SLCM Ltd., the wholly owned subsidiary of Sohan Lal Commodity Management Pvt. Ltd - India's leading post harvest Agri-Logistics Group, has disbursed loans worth 680 Mn kyatts to several clients on agriculture commodities in Myanmar through Yoma Bank tie-up. SLCM Myanmar has managed 100,000 sq feet of space, 15 different commodities handling a throughput of around 4 million MT in 11 months of operations ·First warehousing company to enter ASEAN country for agri-financing & storage solutions
11 May, 2015, Mumbai: SLCM Ltd., the wholly owned subsidiary of Sohan Lal Commodity Management Pvt. Ltd, India's leading agri logistics and warehousing Group, has tied up with one of the largest and oldest banks, C B BANK in My…

PNC Infratech Limited allots 38.62 lakh shares @ Rs. 378 aggregating to Rs. 146 crore to anchor investors

·Anchor investors include Goldman Sachs India, HDFC Trustee Co Ltd., Birla Sun Life Trustee Co. Ltd., DSP Blackrock India, Reliance Capital Trustee Co. Ltd., Reliance Mutual Fund, L&T Mutual Fund, Sundaram Mutual Fund and Kotak Mutual Fund. ·Public Offer opens on 8th May 2015 and closes on May 12, 2015 ·Price Band fixed from Rs. 355 to Rs. 378 per Equity Share

PNC Infratech Limited (“PNC INFRATECH” or our “Company” or the “Company” or the “Issuer”) has finalized the allocation of 3,861,511 equity shares to anchor investors at Rs. 378 (upper end of Price Band) aggregating to approximately around Rs. 146 crore. The anchor investors include Goldman Sachs India, HDFC Trustee Co Ltd., Birla Sun Life Trustee Co. Ltd., DSP Blackrock India, Reliance Capital Trustee Co. Ltd., Reliance Mutual Fund, L&T Mutual Fund, Sundaram Mutual Fund and Kotak Mutual Fund. 
The anchor allotment was as follows: GOLDMAN SACHS INDIA FUND – 2,64,530 equity shares (6.85%); HDFC TRUSTEE COMPANY LTD - HDFC CORE…

Spark Minda & Vehicle Access Systems Technology Llc enter into a 50:50 Joint Venture

Global Automotive Component manufacturer “Spark Minda, Ashok Minda Group” has entered into a Joint Venture partnership with “Vehicle Access Systems Technology Llc.(VAST)”, USA, a group with a global presence as valued supplier of strategic vehicle access components and systems to targeted global customers and known for “Key solutions for automotive world”. This joint venture entity between two groups named as Minda VAST Access Systems Private Limited (“Minda VAST”) will have operations in Pune and Delhi-NCR.
VAST, USA is a highly qualified, global supplier of security/ access control products for the motor vehicle industry. It will support to the Joint Venture for - the locksets, steering column locks, latches, strikers, socket bows, handles, immobilizers, passive entry, start systems, ignition switches, hinges, power access etc. With approx. 1.2 bn USD in sales and around 8,000 employees, VAST is one of the global market leaders in the access systems business.  The manufacturing facili…