Wealth Growth Path

  Revenue rises 36.47% to Rs 66.68 crore . Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments in India, reported robust earnings results for the third quarter and nine months ended December 31, 2022.   Consolidated Financial Performance: Q3FY23 The Company’s consolidated net profit for Q3FY23 increased by 248.82% to Rs 4.43 crore as against Rs 1.27 crore during the previous quarter ended Q3FY22. Consolidated revenue increased by 36.47% to Rs 66.68 crore in Q3FY23 as against Rs 48.86 crore during the previous quarter ended ended Q3FY22. Strong control over cost improved profitability significantly. As against an EBITDA of Rs 3.07 crore in Q3FY22, company’s EBITDA in Q3FY23 jumped to Rs 7.46 crore . Higher scale, control over expenses and better realizations resulted in strong growth in operating profits. During the quarter EBITDA margins almost doubled to 11.16% as ag...

  By Vivek Goel, Joint Managing Director, Tailwind Financial Services The union budget 2023announced byfinance minister Nirmala Sitharaman is a balanced budget with no negative surprises , prudently maintaining fiscal deficit target at 5.9% while delivering an INR 10L crores capex & rationalising personal income tax. In a difficult global macro-economic backdrop,continuing impetus on capital expenditure the FM announced a significant jump in planned capex to INR 10 lakh crores. It should help further improve India’s prospects of continuing to be outshining with strong GDP growth numbers with 10.5% FY24 nominal GDP estimates set out. This is further help in job creation across infrastructure, railways, power and among others. Along with this, a fiscal deficit target at 5.9% for FY24 while retaining 6.4% for FY23 is a strong message from a fiscal perspective. This additionally included the FM maintaining her originally set out glide path of bringing the fiscal deficit down to...

  One of the leading cotton sarees brands, BK Sarees, catering to Andhra Pradesh and Telangana has introduced its latest design“Pattu”sarees collection and cotton bed sheets ‘Bichhawan by Twinkle’. Telugu film actress &RX100 girl - Payal Rajput, thebrand ambassador of BK Sarees for the season,launched the Summer Collection at an event held at Vijayawada and Vishakhapatnam. She dazzled the show with her BK Sarees’ wardrobe as she walked the ramp wearing a red pattu saree with jacquard pallu. Sanjeev Dokania and Vedant Dokania, Managing Partners at BK Groupsaid, “BK Sarees, a cotton sarees brand, known for their quality and reliability have grown their brand with the ability to set trends with their unique designs.” “This season we have pushed the envelope by introducing our pattu line of sarees along with latest designs in a wide range of printed and embroidered sarees” The launch event that was attended by over 700 retailers and dealers who have been associated with group...

Global healthcare company, Abbott today announcedthat it has launchedits latest-generation transcatheter aortic valve implantation (TAVI) system, Navitor™, makingthe minimally invasive device availablefor people in India withsevereaortic stenosis who are at high or extreme surgical risk.With the Navitorvalve, the company is advancing TAVI (also referred to as TAVR, or transcatheter aortic valve replacement) therapies with innovations including a unique design to prevent blood leaking around the valve. The NavitorTAVI system is the latest addition to the company'scomprehensivestructural heart transcatheter portfolio thatoffers physicians and patients less invasive optionsto treatheart diseases.   Dr Ravinder Singh Rao , Interventional and Structural Cardiologist, Lilavati Hospital, Mumbai and Chairman RHL Heart Centre & Head Complex Angioplasty – TAVI Program aid, “TAVI or transcatheter aortic valve implantation is a viable option for patients with severe, symptomatic aortic s...

Invites participation for mega inter school competition 500+ prizes to be won by 200+ schools and 5000 participants. Mumbai, December 2022: Prempuri Bal Sanskar Kendra (PBSK), Swami PrempuriAshtram Trust (SPAT), is inviting participation from students of pre-primary, primary and secondary sections for 2023 Baal Mahotsav inter school competition. The mega event will be held from 20 th to 22 January 2023 at the PrempuriAdhtyatma Bhavan, the spiritual capital of South Mumbai. The last date of submission of form is 10 th January 2023. Mrs Deena Mehta, Trustee, Swami PrempuriAshtram Trust Bal Sanskar Kendra, said “We are happy to announce the annual Bal Mahotsav program after a gap of two years due to Covid19 restrictions. The events that will be conducted in the festival are for group competitions as well as individual talent appreciation. Competitions range from dance, dramas, singing, craft, drawing, mehndi, flower arrangement, Geeta chanting, essay writing etc. Nearly 500+ priz...

  To support the “Clean India Mission” of Government of India,Indian Pollution Control Association (IPCA) & Swarn Lata Motherson Trust (SLMTT) has launched the project S.O.R.T.(Segregation of Organic Waste for Recycling & Treatment) with the support of Brihanmumbai Municipal Corporation (BMC) at Tulip Co-operative Housing Society, Borivali West Mumbai. Project S.O.R. T, the flagship project of Swarn Lata Motherson Trust (SLMTT), which is implemented by Indian Pollution Control Association (IPCA). The project has been implemented at 10 different locations in Mumbai.This project has been initiated as a step towards source segregation of organic waste and to produce compost from the wet waste using aneco-friendly aerobic composting technology- Aerobin. It converts organic waste into compost within 40-45 days. The project was inaugurated by Mr. Ravindra Khot, Jr BMC Officer -R Central ward,Borivali West & Mr. Soni- Ex BMC -Executive Officer, Borviali in the presence of resi...

  Top line grows 40% to Rs 67.12 crore Ice Make Refrigeration Limited  (NSE: ICEMAKE), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has reported  245.3% growth  in its net profit and  40.14%   growth in its revenue for the quarter ended on 30 September 2022.  The Company recorded a net profit of  Rs 4.64 Cr  in the reporting period as against  Rs 1.34 Cr  posted in the corresponding quarter of fiscal 2021. The consolidated revenue for Q2FY2023stood at  Rs 67.12 cr  against  Rs 47.90 Cr  posted in the corresponding quarter of fiscal 2021. Mr. Chandrakant Patel, CMD, Ice Make Refrigeration Limited said” Strong demand continued to help deliver robust growth in revenue and profitability jumped significantly in the reporting period of Q2FY23 due to higher scale and cost controls. During the q...