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Q4FY24 Quarterly & FY24 Annual Result Announced for Gateway Distriparks Ltd.
Transportation & Logistics company Gateway Distriparks announced Q4FY24 & FY24 results:
- Gateway Distripark’s financial results for the fiscal year ending March 31, 20211, indicated a revenue increase of 7.63% and a PAT (Profit After Tax) rise of 6.76%.
- Despite a quarterly dip, the Railway Revenue and CFS (Container Freight Station) Revenue collectively contributed to an annual uptick in total revenues.
- The company reported a year-over-year growth in total throughput, measuring a 5.76% increase in the Rail Vertical and a marginal decrease of 0.52% in the CFS Vertical.
- While the quarter-over-quarter figures showed declines in throughput, overall the Year-To-Date (YTD) throughput grew by 2.55%.
Prem Kishan Dass Gupta, Chairman & Managing Director, said, “The results this quarter have been muted primarily on account of the Red Sea crisis which has disrupted supply chains, causing a slowdown in EXIM business in India. However, our network advantage along with double stack hubs has helped us minimize costs while we navigate these obstacles. We continue to explore land for new container terminals and are optimistic that our Faridabad ICD will soon become a double stack location as railway work nears completion. Our focus remains on expanding our network and sustaining growth.”
Result PDFQ4FY24 Quarterly & FY24 Annual Result Announced for Black Box Ltd.
IT Consulting & Software company Black Box announced Q4FY24 & FY24 results:
- EBITDA increased by a robust 59% YoY to Rs 428 crore with EBITDA margins at 6.8%, a growth of 250 bps YoY. For Q4FY24 EBITDA increased by 28% YoY to Rs 122 crore with EBITDA margins growth of 260 bps YoY to 8.2%.
- Profit after tax for FY24 increased by 5.8x to Rs 138 crore compared to FY23. For Q4FY24 profit after tax increased by 77% YoY to Rs 41 crore.
Commenting on the results and performance Sanjeev Verma, Whole Time Director, Black Box said, “For FY24, we have been exiting low value and long tail customers which led to a miss on our revenue guidance, however, we were able to achieve our EBITDA guidance and PAT was very close to lower end of the guided range. Our core operations have shown remarkable strength, with significant growth in key areas that underscore the robustness of our business model. The slight deviation from our forecast does not detract from the progress we have made and the solid foundation we have built. With robust pipeline and a strong order book, we are confident in the resilience of our business model. As each of our business segments gains momentum, our belief in delivering improved performance in the upcoming years is further reinforced.”
Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer of Black Box, commented, “The growth in topline was affected due to delays in decision-making, resulting in a hold-up of new orders in the second half of FY24. However, our strong focus on EBITDA and profitability over the last few quarters has begun to show positive outcomes, as evidenced by a 59% YoY growth in EBITDA and 5.8 times YoY increase in our profit after tax for FY24. We are optimistic that this trend will continue, enhancing both margins and overall profitability, and we are confident in achieving strong performance in fiscal year 2025 and beyond.”
Q4FY24 Quarterly & FY24 Annual Result Announced for PTC India Financial Services Ltd.
Finance company PTC India Financial Services announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Total Income for Q4FY24 stood at Rs 176.92 crore as compared to Rs 199.70 crore in Q4FY23
- Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY24 stood at Rs 19.27 crore and Rs 13.85 crore compared to Rs 45.45 crore and Rs 36.41 crore in Q4FY23 respectively
- Yield on Earning Portfolio improved to 11.91% in Q4FY24 compared to 10.61% in Q4FY23
- Debt Equity Ratio improved to 1.54 times in Q4FY24 compared to 2.09 times in Q4FY23
- Net Interest Margin (NIM) (Earning Portfolio) increased to 4.92% in Q4FY24 compared to 4.35% in Q4FY23
- Spread (Earning Portfolio) for Q4FY24 improved to 2.79% compared to 2.50% in Q4FY23
- Cost of borrowed funds stood at 9.12% in Q4FY24 compared to 8.11% in Q4FY23
FY24 Financial Highlights:
- Total Income for FY24 stood at Rs 776.28 crore compared to Rs 797.08 crore in FY23
- Profit before Tax (PBT) and Profit after Tax (PAT) for FY24 stood at Rs 215.98 crore and Rs 160.75 crore compared to Rs 232.37 crore and Rs 175.82 crore in FY23 respectively
- Yield on Earning Portfolio improved to 11.38% in FY24 compared to 10.51% in FY23
- Debt Equity Ratio improved to 1.54 times in FY24 compared to 2.09 times FY23
- Net Interest Margin (NIM) (Earning Portfolio) increased to 4.82% in FY24 compared to 4.23% in FY23
- Spread (Earning Portfolio) for FY24 stood at 2.68% compared to 2.83% in FY23
- Cost of borrowed funds have been increased to 8.70% in FY24 compared to 7.68% in FY23
- Net Interest Income (NII) for FY24 increased to Rs 340.59 crore compared to Rs 334.66 crore in FY23
Q4FY24 Quarterly Result Announced for Genesys International Corporation Ltd.
Realty company Genesys International Corporation announced Q4FY24 results:
Standalone Financial Performance:
- In Q4FY24, Genesys International reported a Total Revenue of Rs 70.11 crore.
- The EBITDA margin stood at 53.11%, and PAT margin reached 30.70%.
Consolidated Financial Performance:
- On a consolidated basis for Q4FY24, the Total Revenue was Rs 71.63 crore.
- The company saw an EBITDA margin of 51.26% and a PAT margin of 20.73%.
Commenting on the Results, Sajid Malik – Chairman & Managing Director said,“This quarter’s results signifies the beginning of the impact of the good work put in by thecompany on the New India Map stack. Adoption has gained traction of the company's contentprogram and in the quarter the company won some very marquee contracts which will hold thecompany in good stead. In the coming few quarters, we expect good traction in terms of productlaunches in key verticals.”
Q4FY24 Quarterly & FY24 Annual Result Announced for Hinduja Global Solutions Ltd.
BPO/KPO company Hinduja Global Solutions announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Total income stood at Rs 1,257.9 crore, a YoY growth of 7.7%.
- Revenue from operations stood at Rs 1,098.7 crore, a YoY growth of 2.7%.
- Operating EBITDA was Rs 66.2 crore, up 82.5% YoY; EBITDA margins for the quarter were 6.0%.
- PAT stood at Rs 87.9 crore.
- As on March 31, 2024, Net Cash and Treasury Surplus stood at Rs 5,012.6 crore
FY24 Financial Highlights:
- Total income stood at Rs 5,087.8 crore, a YoY growth of 1.6%.
- Revenue from operations stood at Rs 4,615.7 crore, a YoY growth of 2.5%.
- Operating EBITDA was Rs 355.9 crore, a 45.8% growth YoY; EBITDA margins were 7.7%.
- PAT stood at Rs 131.2 crore.
- Total dividend for the year is Rs 7 per share.
Speaking on the results, Partha DeSarkar, Whole-time Director and Group CEO of HGS said: “HGS ended the year with a solid performance in Q4FY24 across both our BPM and media divisions. On YoY basis, HGS’ operating EBITDA has increased by 82.5% while operating EBITDA margins expanded by 260 basis points to 6.0%. The recently acquired entities TekLink and Diversify have done very well. HGS also signed 11 new CX clients in Q4, taking the fiscal count to 41, showcasing strong demand for our technology-led CX services.
The highlight of the full-year performance has been our operating EBITDA growing by 45.8% YoY and our Operating EBITDA expanding by 230 basis points to 7.7%. In March 2024, we incorporated a subsidiary in South Africa to service clients from the UK, US and Australia, and expect to start operations in July 2024.
In the BPM business, we continue to focus aggressively on customizing horizontal services such as AI, automation and cloud etc., to develop industry-specific solutions and drive more value in the key verticals we support. An important part of this approach has been to engage with partners such as Cranium and Form1 Partners to crossleverage our capabilities for the market.
FY2024 was the first full year since the merger with NXTDIGITAL. We are pleased with how the synergies between the two businesses are panning out – including collaborating to develop the NetX application under the recentlylaunched B2B brand CelerityX and co-working on automating various processes to enhance productivity and speed. We are excited about creating more collaborative opportunities between the two entities going ahead.”
Commenting on the Digital Media division’s performance, Vynsley Fernandes, Whole-time Director of HGS and Head of the Digital Media business said, “Our focus in FY2024 was to build on our strong pan-India digital distribution expertise and technology innovation – by driving our retail, commercial and enterprise broadband ventures. Those initiatives, setting the foundation for future growth, are seeing traction. Whilst CelerityX, our enterprise business, continues to make gains on the back of the recently launched OneX unified network-as-aservice solution, our OIL retail broadband customer base has surged by more than 23% over the previous fiscal. That focus on digital inclusion is also reflected in our corporate actions over the last few months – first acquiring a majority stake in leading Mumbai-based ISP Seven Star Broadband and then signing on Triple Play Broadband, a Delhi-based premier ISP as an alliance partner.”
