ITV

Tag: financial performance

  • Gargi by PNGS’ sales skyrocket 76.07 per cent to Rs 50.48 crore turnover last fiscal

    Gargi by PNGS’ sales skyrocket 76.07 per cent to Rs 50.48 crore turnover last fiscal

    Mumbai: PNGS Gargi Fashion Jewellery Ltd (Gargi), a leading name in the fashion jewelry industry, has clocked a stellar financial performance for the financial year from April 2023 to March 2024. It has reported a substantial increase in annual sales, up 76.07 per cent to Rs 50.48 crore, compared to Rs 28.67 crore in the preceding year. Looking at the full-year performance, Gargi continued its upward trajectory, with net profit rising by 80.38 per cent to Rs 8.46 crore for the year ended March 2024, compared to Rs 4.69 crore in the previous year.

    For the last quarter ending March 2024, the company showed a remarkable growth rate of 116.93 per cent and achieved sales of Rs 15.38 crore, showcasing robust performance and market resilience. The quarter also witnessed a substantial increase in net profit, which soared by 74.07 per cent to Rs 2.35 crore compared to the previous quarter ended March 2023, when it stood at Rs 1.35 crore. This impressive growth is a testament to Gargi’s strategic initiatives and ability to adapt to evolving market dynamics.

    Speaking about this, Gargi by PNGS co-founder Aditya Modak said, “We are thrilled to witness such remarkable growth in sales and net profit, which reflects the dedication and hard work of our team, as well as the trust and support of our customers. These results underscore our commitment to delivering exceptional products and experiences.”

    Gargi has achieved remarkable milestones, boasting a portfolio of over 15,000 SKUs and experiencing exponential growth in its first year, with a 6x increase in revenue. The company’s listing on the Bombay Stock Exchange (BSE) further solidified its position as a market leader, a position that will continue to attract customers and drive its growth. With a quadruple increase in customer numbers, the company is now confident in its customers’ trust and confidence in them. With a footprint spanning 18 locations across 10 metro cities and six states, Gargi is poised for continued growth and success and has a robust plan for the financial year 2024-25.

  • YuppTV enters Red Herring’s top 100 global company list

    YuppTV enters Red Herring’s top 100 global company list

    MUMBAI: YuppTV, an OTT platform, has entered the reputed Red Herring’s list of top 100 global awards. The awards identify and honour the leading private companies from North America, Europe and Asia.

     

    Red Herring’s list is a mark of distinction for promising new companies and entrepreneurs.

     

    Red Herring CEO and publisher Alex Vieux said, “Choosing the companies with the strongest potential was by no means a small feat. After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the top 100 winners. We believe YuppTV embodies the vision, drive and innovation that define a successful entrepreneurial venture. YuppTV should be proud of its accomplishment.”

     

    Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of start-ups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world. 

     

    Speaking about the new accomplishment, YuppTV CEO and founder Uday Reddy added, “When we were recognized as one of the top 100 North American companies earlier this year, we were absolutely thrilled with the distinction especially given that there were so many great companies. However, to have been selected as one of the top 100 global companies really confirms our belief that we have a service that our customers love and that so many new customers around the world will want.”

  • Network 18 Q3 net profit Rs 270 million

    Network 18 Q3 net profit Rs 270 million

    MUMBAI: Network 18 Media & Investments has declared its third quarter results. Its consolidated net sales were up Up 60 per cent (QoQ) at Rs 1.854 billion.

    Network18’s consolidated net profit was at Rs 270 million (vs Losses of Rs 122.1 million in Q2) and it declared maiden (interim) dividend of 25 per cent.

    Network18 MD Raghav Bahl said: “We are extremely happy to share this quarter’s financial performance of the group. Our Channels are maintaining their leadership positions. We are witnessing a strong revenue growth in Web18 properties. Some new businesses are ahead of their business plans and others are doing as per expectations. The group has made a big entry in the print space with the acquisition of Infomedia. We wish to share the fruits of our strong entry into the phase of “profitable growth” with our shareholders by declaring an interim dividend of 25 per cent.”