Category: Business

Hyderabad (Telangana) [India], July 20: Asian Granito India Limited (AGL), a leading brand in luxury surface products such as Tiles, Marbles, Quartz, and Bathware solutions proudly presented its latest collections at the IIID Insider X Exhibition held from June 28 to 30, 2024, at the Hitex Exhibition Centre, Hyderabad. This prestigious event, known for its focus on innovation, art, and interior trends, provided AGL with a platform to display its cutting-edge products to a diverse audience of industry professionals and enthusiasts.

The 5^th edition of The Institute of Indian Interior Designers (IIID) Showcase InsiderX 2024 was inaugurated by Chief Guest, Mr. Komatireddy Venkat Reddy, Roads and Buildings Minister, Government of Telangana, on June 28th. Curated by architects and interior designers the Expo was crafted for the interior design, architecture, and construction industry, aiming to bring industry professionals and the general public together.

AGL’s latest collections in tiles, marble, quartz, and bathware drew significant attention and acclaim from attending architects and interior designers. The collection was praised for its innovative design, quality, and versatility, with many professionals expressing interest in incorporating AGL’s products into their upcoming projects.

Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “Our participation in the IIID Insider X Exhibition was a significant opportunity for us to showcase our latest collections and engage with the leading minds in the interior design and architecture industry. We are proud to present our innovative range of tiles, marble, quartz, and bathware products, which reflect our commitment to quality and design excellence. The positive response from the attendees is a testament to our efforts in pushing the boundaries of design and functionality.”

As a young and fastest-growing brand, Asian Granito India Ltd continues to push boundaries with its innovative and rich collection of products and is committed to staying ahead of the curve. With Ranbir Kapoor on board, the brand aims to further elevate its presence in the market and connect with a wider audience, especially the youth segment.

In a strategic move to elevate its brand, the company has signed Bollywood superstar Ranbir Kapoor as its brand ambassador and launched the “Premium ka Pappa” campaign. This partnership underscores the brand’s dedication to excellence and promises an exciting future. With Kapoor’s endorsement, the brand seeks to expand its reach, particularly among the youth, driving forward its vision of growth and connectivity. It also aims to resonate with consumers’ aspirations and emotions, establishing a strong connection with both trade partners and customers through its emphasis on premium experiences and sophisticated appeal.

In a short span of two decades, Asian Granito India Ltd has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand. The Company manufacture and markets a range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 235 plus exclusive franchisee showrooms, 11 company owned display centers and an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The Company also exports to more than 100 countries.

Asian Granito has 2,942 plus SKUs on offer in Tiles segment, 1,100 plus SKUs in Bathware and faucets and 126 plus SKUs in Engineered Marble and Quartz Stone. Over the years, the company has invested heavily in expanding production capabilities, product portfolio, distribution network and global reach. This dedication has propelled it on a path of continuous growth, positioning the company among the leading ceramic tiles companies in India and an emerging brand in the global markets. 

About Asian Granito India Limited

Established in the year 2000, Asian Granito India Ltd. (AGL) has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the company has created a strong brand identity, well recognized globally and loyal customer following across segments. Today it is 4^th largest listed ceramic tile company in India with employee strength of 6,000 plus.

Ranked amongst the top ceramic tiles companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 235 plus exclusive franchisee showrooms, 12 company owned display centers across India. Further, the Company has an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.

The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1530.6 crore in FY 2024. (For more information, please visit: www.aglasiangranito.com)

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Ahmedabad (Gujarat) [India] July 20 : Incorporated in September 2003, Aprameya Engineering Limited is engaged in Healthcare Infrastructure & supply of need based high value medical equipment like installation, set up & maintenance of Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), Operation Theatres, and prefabricated structure wards in hospitals and medical care centres. The company is poised for its initial public offering (IPO), with plans to raise INR 29.23 crores through the issuance of 50.4 lakh new shares.

For its SME Initial Public Offering (IPO), Aprameya Engineering Limited has established a price band of Rs 56 to Rs 58 per share. The company’s shares will open for subscription on Thursday, July 25, 2024 and closes on Monday, July 29, 2024. These will be listed on the NSE SME, with a projected listing date of Thursday, August 1, 2024.
 
 Company has revenue from operation of Rs. 65.62 Crores with 10.07% EBITDA Margin and 5.30% PAT Margin. 71% Revenue contribution from healthcare infra projects for the period FY 2024.

 It has earned Rs. 235 Cr+ from healthcare infrastructure projects during FY21 to FY24 and installed 2000+ Critical Care beds since 2020. It has PAN India customer reach including Private Hospitals, AIIMS, Government Hospitals, Medical practitioners, Diagnostic centers etc. In FY-23, Company has successfully set up, installed, and commissioned 175 dialysis centers across Rajasthan in government run hospitals, with a project value of INR 31.43 crores.

Since 2020, the company has been setting up ICUs and operation theatres and has installed around 2000 critical care beds, including ICUs, NICUs, and PICUs, Modular operation theatres are being established throughout the state of Rajasthan. The company has four warehouses: two in Memnagar, Ahmedabad, one in Prahladnagar, Ahmedabad and the fourth one on Ashram Road, Ahmedabad.

Hem Securities Limited is the book running lead manager of the Aprameya Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.

The issue proceeds will be utilized to meet working capital requirements (including augmentation on Long-Term Working Capital) and general corporate purposes.

On Tuesday, July 30, 2024, the shares for the Aprameya Engineering IPO are anticipated to be allotted, and on Wednesday, July 31, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

Retail investors need to contribute a minimum of Rs 1.16 lakh considering the minimum lot size for an application is 2000 shares. For HNIs, the minimum bidding size is two lots, or 4000 shares, for a total investment of Rs 2.32 lakh at the upper price band.

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LycanChain Introduces H-DPOS Consensus and Unveils Native Ecosystem

Dubai (UAE), July 20:  In a groundbreaking move, LYC2024 has announced the advent of the “Age of the Beast” with the launch of LycanChain, a pioneering Layer 1 Blockchain Network that operates on a unique Hybrid Delegated Proof of Stake (H-DPOS) consensus mechanism. This bold initiative promises to revolutionize the Web3 landscape with its innovative technologies and robust ecosystem.

LycanChain made a powerful entrance into the world of emerging technologies during an exciting event in Downtown, Dubai on July 13, 2024. The event, LYC2024, featured the first-ever Lycan Node live auction and Lycan DApp Grants aimed at incentivizing early adopters. These initiatives are designed to foster a thriving community and accelerate the adoption of LycanChain.

The Lycan Node live auction presented a unique opportunity for participants to secure nodes within the LycanChain network, providing them with governance and staking privileges. The auction attracted significant attention from blockchain enthusiasts and investors alike, with 7 nodes auctioned due to overwhelming demand, despite initially planning for 3.

Additionally, the Lycan DApp Grants program offers financial support and resources to early developers and projects building on the LycanChain platform. This move underscores LYC2024’s commitment to nurturing innovation and supporting the growth of its ecosystem.

Speaking at the event, Ganesh Lore, Founder of LycanChain, highlighted the significance of the live auction as a milestone, stating, “Today’s live auction was a unique opportunity for participants to secure nodes within the LycanChain network, which provides them the governance and staking privileges.”

LycanChain’s unique protocols are set to introduce novel solutions to the Web3 space, making it a formidable contender among emerging blockchain networks. The platform’s H-DPOS consensus is expected to enhance security, scalability, and efficiency, setting new standards in the industry.

Future plans for LycanChain include creating a mechanism for Layer 2 Blockchain. Pioneering in Layer 2 network capabilities, LycanChain is set to revolutionize the development process with the introduction of its native AI bot, Lucian, designed to drastically reduce the time and effort required by developers to create user interfaces (UI). Additionally, LycanChain is developing a comprehensive dApp library, featuring a wide range of pre-built dApps, covering various use cases from supply chain management to financial services.

Nipoon Agarwal, CEO of LycanChain, added, “We believe in the mass reach of blockchain technology. LycanChain is already making headway around the world with partnerships on their way in GCC and Africa. We are advocating the customisation and simplification of blockchain technology, so it will be handy and used by any customer without apprehension or difficulty.”

The event also provided a sneak peek into some of the unique protocols introduced into the Web3 landscape, such as Omega Minter, Lucian AI, and native applications like Blockchain Land, LycanPay, Lunar Wallet, and Werewolf Exchange.

Opening up its doors to partnerships and early investors, LycanChain invites those who are passionate about technology to join the Wolfpack and witness the revolution firsthand. As the “Age of the Beast” begins, the blockchain community eagerly awaits the transformative potential of LycanChain.

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In today’s fast-paced world, skincare has become an essential part of daily life. As our primary defence against environmental aggressors, our skin is constantly exposed to harmful rays and pollutants, making its protection and care more critical than ever. These harsh conditions can lead to various skin issues, including hyperpigmentation, redness, and a weakened skin barrier. Understanding these challenges, Lotus DermaBotanics, a revolutionary dermaceutical skincare range, is meticulously designed to deliver both immediate and long-lasting results, making it a unique and essential addition to any skincare routine.

Lotus DermaBotanics stands out for its holistic approach to skincare, combining potent ingredients like kojic acid and multi-berry complexes with natural botanical extracts. Each product in the DermaBotanics range is rigorously tested and dermatologist-approved, ensuring they maintain the skin’s natural pH balance of 5.5 and are paraben-free. DermaBotanics is currently available in two innovative targeted ranges: Kojic Acid + Multi Berries, designed to address melasma, dark spots, and pigmentation, and Peptide + Papaya, which focuses on providing firmer, more youthful skin. This blend ensures comprehensive care that addresses multiple skin concerns, including deep hydration, skin brightening, and anti-aging benefits. 

“We are thrilled to introduce Lotus DermaBotanics, a first-of-its-kind concept. This advanced skincare range is the result of 30 years of dedicated research and development. This unique combination of potent actives and avant-garde natural extracts makes DermaBotanics effective, safe, and suitable for all skin types,” says Mr. Nitin Passi, Chairman and Managing Director of Lotus Herbals.

The key products include, the Lotus DermaBotanics Deep Hydra Crème which is a premium moisturizer formulated for normal to combination skin types, offering intense hydration with a rich, non-greasy texture. Infused with peptides, and papaya extract, it nourishes the skin, strengthens the skin barrier, and reduces fine lines. It protects against environmental stressors, calms irritation and redness, and enhances skin elasticity and firmness. Designed for daily use, it replenishes, rejuvenates, and brightens the skin, promoting a youthful glow.

The Kojic Acid and Multi Berry Serum features a powerful blend of kojic acid and berry extracts from strawberries, raspberries, blueberries, cranberries, and acai berries. It targets hyperpigmentation and dark spots while providing antioxidant protection. Its lightweight, easily absorbable formula penetrates deep into the skin’s layers. The serum boosts collagen production, hydrates, calms inflammation, and improves skin firmness, offering a comprehensive solution for vibrant, healthy skin.

The brand continues to set new benchmarks in the skincare industry with the launch of Lotus DermaBotanics. By combining the best of nature and science, results have proven that this innovative range delivers long-term benefits, ensuring healthy, beautiful skin for all. Experience the future of skincare with Lotus DermaBotanics and embrace the journey to a radiant complexion.

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New Delhi (India), July 19 : The European Union’s Carbon Border Adjustment Mechanism (CBAM) has sent ripples of concern through India’s steel and aluminum exporters. This new tax, designed to level the playing field on carbon emissions, has left many businesses scrambling to understand and comply with complex regulations.

Enter CleanCarbon.ai, the brainchild of IIM Ahmedabad alumni Nilesh Bhattad and Rashmi Bhattad. Born from a passion to empower Steel & Aluminium exporters, this India-based company has emerged as a beacon of hope, simplifying the daunting task of CBAM reporting and compliance.

Aluminum Exporter Success Story: A Small Wire Exporter Takes on Europe

Take, for instance, Rajesh Gupta ,a small aluminum wire exporter from Pune, who was on the brink of losing a lucrative contract with Italy due to CBAM hurdles.

CleanCarbon.ai stepped in, guiding the exporter through the Challenges of regulations, ensuring compliance, and ultimately saving the deal. This is just one of many success stories highlighting the company’s dedication to supporting small businesses.

More Than Just Reporting

CleanCarbon.ai’s services go beyond mere report generation. It offers consultation ,complete Hand holding and its AI based software Platform, empowering exporters with the knowledge and tools needed to navigate the ever-evolving landscape of carbon regulations. Its expertise extends to steel and aluminum industries, and also cement ,fertilizers, and the Energy sector ensuring tailored solutions for each CBAM affected sector.

A Global Reach with Indian Roots

With offices in Silicon Valley in USA, Dubai, and Pune and Its CBAM consultants network Pan India, CleanCarbon.ai boasts a global footprint while remaining deeply rooted in India. Its commitment to fostering sustainability and fair trade practices has earned them the trust of hundreds of clients worldwide and they have successfully delivered more than 100 CBAM reports in the last 6 Months. 

A Vision for a Sustainable Future

“Our mission is to make sustainability accessible to all businesses,” says Nilesh Bhattad, CEO of CleanCarbon.ai. “We believe that by simplifying CBAM compliance, we can empower Indian exporters to thrive in the global market while contributing to a cleaner, greener future.”

The Road Ahead

As the CBAM landscape continues to evolve, CleanCarbon.ai remains at the forefront, constantly updating their services to meet the changing needs of exporters. Its dedication to sustainability, combined with their passion for empowering Indian businesses, makes them an invaluable partner for anyone looking to navigate the complex world of CBAM regulations.

For more information on how CleanCarbon.ai can help your business, visit its website https://cleancarbon.ai or contact its team on WhatsApp at +919529744969 or nb@cleancarbon.ai directly. Don’t let the CBAM become a roadblock to your success. Join the hundreds of businesses who have already benefited from CleanCarbon.ai’s expertise and take the first step towards a sustainable and profitable future.

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New Delhi (India), July 19: TB Sports Network Pvt. Ltd, the parent company of The Bridge, has announced a pivotal leadership transition. Co-founder and Director Shuvro Ghoshal has resigned, marking the end of a significant chapter in the company’s journey. Shuvro’s strategic decision is driven by his long-standing aspiration to complete his master’s degree, a goal he is on the brink of achieving in the United Kingdom.

The resignation comes at a time when The Bridge is well-positioned within the sports journalism industry. Shuvro’s decision to step down is driven by his commitment to personal and professional growth. He is currently in the final stages of his master’s program and is also serving as a Board Member at a prestigious National Governing Body (NGB) in the UK. 

During his tenure at The Bridge, Shuvro has elevated the brand to a leading position in sports journalism and athlete storytelling. Reflecting on his departure, he said, “Stepping down from my role at The Bridge is a bittersweet moment for me. Leading The Bridge has been an extraordinary journey. We created a platform that not only covers sports but also tells stories about athletes who inspire. I am proud of what we’ve achieved in the past five years.” 

Under his leadership, The Bridge achieved significant milestones during the Tokyo 2020 Olympics with record-breaking levels of engagement and interaction, which was even highlighted on X (formerly Twitter) by ex-Sports Minister of India, Kiren Rijiju.

“The Bridge was founded with the vision to bring forward the voices of athletes that often go unheard. As I transition to a new chapter, I am confident that the team will continue to uphold this mission and elevate the platform to even greater heights,” Shuvro added. 

In addition, Ghoshal has transferred his ownership stake in The Bridge to investor Narendra Firodia for an undisclosed amount, leading to a realignment in the company’s shareholding structure.

Narendra Firodia added, “When I met Shuvro six years ago, his passion for sports was evident. The Bridge has become a leading name in the sports industry thanks to the efforts of Shuvro and Arshi. I’m confident he’s moving on to even greater achievements. I wish him all the best.”

TB Sports Network Private Limited will continue to function under the leadership of investor Narendra Firodia, co-founder Arshi Yasin and dedicated team members. 

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Ratnagiri, Maharashtra – July 12, 2024 – PPROM Developers, a prominent real estate developer known for its commitment to sustainable communities has come up with its most ambitious project to date, Nakshatra. This super premium bungalow township project promises an idyllic lifestyle, blending the charm of village life with modern amenities. Nakshatra bungalow township where your dream home becomes a reality, combining elegant design with modern convenience.

Located in Shivaji Nagar village of Dapoli in Ratnagiri, the sprawling 7-acre project marks a major step forward for PPROM Developers. Founded in 2013 by Ar. Sandeep Joshi and Tushar Joshi, the company has consistently focused on creating high-quality residential developments that offer modern living while enhancing the local community. Their successful track record includes real estate projects like Jamba City, Janak Jambha Nagari, Kutumb, and Ongoing Indradhanu Village.

Rooted in Tradition, Designed for Modern Living

Nakshatra reflects PPROM’s core philosophy. Inspired by the 28 constellations (Nakshatra), the project offers a unique design aesthetic in its first phase. Spanning 7 acres, this initial phase features 58 bungalows, catering to diverse needs with a range of super-premium and premium options. Nakshatra Living stands out with its variety of options: 1 BHK bungalows come with plot sizes between 1894 sq ft and 3068 sq ft, while 2 BHK bungalows offer even more space, ranging from 2142 sq ft to 6006 sq ft.

Spacious 1BHK and 2BHK villas, alongside luxurious 4 BHK villas with private pools, cater to various budgets and preferences. Super-premium villas start at ₹2 crores and feature expansive plots with breathtaking panoramic views, ideal for those seeking an exclusive retreat.

Amenities and Eco-Friendly Initiatives

Nakshatra goes beyond luxurious accommodations. This bungalow township project prioritizes a holistic lifestyle with a focus on community and sustainability. A dedicated one-acre recreation area offers lush gardens, a clubhouse, and sports facilities for children, fostering a vibrant community atmosphere. The commitment to sustainability is evident in the use of eco-friendly construction practices, water harvesting techniques, and extensive green spaces, creating a serene, nature-inspired environment.

Despite its tranquil setting, Nakshatra offers the convenience of being just 15-16 kilometers from Dapoli, Ratnagiri ensuring easy access to essential amenities. This strategic location caters to those seeking a peaceful escape while remaining connected to the necessities of urban life.

PProm Developer founder, Sandeep Joshi, emphasizes the importance of fostering a sense of community and preserving cultural heritage. “Nakshatra Living is more than just a collection of houses,” says Joshi. “We envision creating thriving villages where residents can embrace the rich cultural tapestry of Konkan while enjoying a sustainable lifestyle.”

Experience the Magic of Konkan Living

PProm Developer invites potential homeowners to experience the unique lifestyle offered at Nakshatra. Become part of a vibrant village community and embrace the timeless charm of Konkan living with the comforts of modern amenities.

For further information and to schedule a visit, please contact:

PProm Developers

Phone: +91-8692072777; +91-9819087269

Email: marketing@pprom.co.in

Website: https://nakshatraliving.com/

MAHARERA : P52800052874  |  website:https//maharera.mahaonline.gov.in

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New Delhi (India), July 19: In recent years, algorithmic trading platforms have revolutionized the global trading market, providing unprecedented opportunities for small and mid-sized brokers. These platforms, which leverage complex algorithms to execute trades at speeds and efficiencies far beyond human capabilities, are democratizing access to sophisticated trading strategies. By offering their services for a minimal fee, algo trading platforms enable brokers to operate independently and competitively, fostering a more level playing field in the financial markets.

One of the most significant impacts of algo trading platforms is their ability to offer a neutral marketplace. Traditionally, high-frequency trading and advanced algorithmic strategies were the domain of large financial institutions with extensive resources. However, modern algo trading software, such as Amibroker, MetaTrader and QuantConnect, has made these tools accessible to smaller players. This accessibility allows small and mid-sized brokers to harness the power of advanced trading strategies without the need for substantial investment in technology or infrastructure.

The above-mentioned algo trading platforms such as Amibroker, MetaTrader and NinjaTrader have set the standard in this space. MetaTrader is renowned for its user-friendly interface and extensive range of analytical tools, making it a favorite among retail traders. NinjaTrader, on the other hand, offers advanced charting capabilities and a wide array of third-party add-ons, catering to more experienced traders. QuantConnect provides an open-source environment where traders can build and test their algorithms, fostering innovation and collaboration within the trading community.

Moreover, the autonomy provided by these platforms is a game-changer for brokers. Unlike traditional trading environments where brokers are often tied to the day-to-day operations and decision-making processes of their trading partners, algo trading platforms operate independently. This separation means that brokers can focus on their core business strategies, relying on the platforms to handle the execution of trades. The result is a more streamlined and efficient trading process, free from the constraints of manual intervention.

The transformation brought about by algo trading platforms extends beyond individual brokers to the entire financial ecosystem. By facilitating faster, more accurate, and more efficient trading, these platforms enhance market liquidity and stability. They also contribute to the overall transparency of the markets, as algorithmic trades are typically executed based on predefined criteria, reducing the potential for human error and emotional decision-making.

Despite the significant advancements made by existing platforms, there is still a pressing need for more such tools in the algo trading space. The continuous evolution of financial markets and the growing complexity of trading strategies necessitate the development of more sophisticated and accessible platforms. Future algo trading solutions must incorporate cutting-edge technologies like artificial intelligence and machine learning to stay ahead of market trends and provide even greater value to traders and brokers.

In conclusion, algo trading platforms are reshaping the trading market worldwide by empowering small and mid-sized brokers with advanced trading tools and business autonomy. The success of platforms like MetaTrader and QuantConnect illustrates the transformative potential of these technologies. However, to fully realize the potential of algorithmic trading and further democratize access to sophisticated trading strategies, the market needs more innovative platforms that leverage the latest technological advancements. As these platforms continue to evolve, they will undoubtedly play a crucial role in the ongoing transformation of the global financial ecosystem.

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Mumbai (Maharashtra) [India], July 19: Mumbai-based retail chain, Top-10 Retails Pvt. Ltd., in collaboration with Oppo Mumbai, has made history by organizing the world’s first aeroplane unboxing event. Scheduled for July 17, 2024, at 10:00 PM, this unique event saw 108 lucky customers of Top-10 Retail Pvt. Ltd. unbox their new phones mid-air.

A specially chartered 180-seater plane took off from Chhatrapati Shivaji Maharaj International Airport (CSIA) – Terminal 1, following a designated route as per the guidelines of the Airport Authority. The one-hour flight returned to CSIA, providing passengers with a thrilling and memorable journey.

During the flight, at a predetermined countdown led by the cabin crew, customers unboxed their new Oppo Reno 12 Pro Mobile phones. This unprecedented event was designed to capture the joy and excitement of the customers as they experienced their new devices for the first time in the skies. Participants also had the opportunity to document their unique unboxing moments with their new Oppo Reno12 Pro 5G phones.

The initiative by Top-10 Retails Pvt. Ltd. and Oppo Mumbai aimed to create unforgettable memories for their loyal customers and reinforce the bond between the brand and its fans. This innovative approach sets a new benchmark in the mobile industry, showcasing a blend of technology and experience that goes beyond traditional retail.

About Top-10 Retails Pvt. Ltd- Top-10 Retails Pvt. Ltd. is a Mumbai-based retail chain specializing in Mobile phones, Accessories, Laptops, and Smart TVs committed to providing exceptional customer experiences, Top-10 offers a wide range of the latest mobile devices from leading brands.

About Oppo:  Oppo is a globally recognized technology brand, known for its cutting-edge smartphones and innovative features. Oppo continues to push the boundaries of technology to deliver superior user experiences.

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Madhya Pradesh (India), July 19: DP Abhushan Limited (NSE: DPABHUSHAN), a company marking golden legacy of 84 years into Jewellery Industry known for its highest purity & designs standards, transparency & wide range of products portfolio at 8 different geographics in India, announced its financial results for the first quarter (Q1FY25) ended 30th June 2024.

Q1FY25 Highlights

• Total Revenue was ₹505 Cr. for Q1FY25 compared to ₹471 Cr. in Q1FY24. an increase of 7%
• Total Expenditure for Q1FY25 was ₹466 crores, up 5% year-on-year from ₹446 crores in Q1FY24.
• EBITDA stood at ₹38 Cr. for Q1FY25 compared to ₹25 Cr. in Q1FY24. a significant increase of 52%.
• EBITDA margin expanded to 8% double than previous quarter Q4 FY24

• PAT stood at ₹25 Cr. for Q1FY25 compared to ₹16 Cr. in Q1FY24, marking a robust growth of 60%
• PAT Margin for Q1FY25 was 5%, an increase of 165 basis points year-on-year from 3% in Q1FY24.

Mr. Santosh Kataria Managing Director said: “We are delighted to report an outstanding performance for the quarter, highlighted by healthy revenue growth of 7% and an impressive profit increase of 60%. The Bhopal store has emerged as a pivotal revenue driver, achieving an exceptional 18% YoY growth. Ujjain and Indore also contributed significantly, with growth rates of 17% and 12%, respectively.

As part of our strategic expansion, we are on track to open three new showrooms in FY25, with ongoing construction in Ratlam, Ajmer, and Neemuch. This expansion aligns with our long-term vision of increasing our total stores from 8 in FY24 to 20 by FY28, thereby enhancing our market reach and accessibility.

Looking ahead, our outlook remains positive as we make concerted efforts to bolster our business operations and strategically expand in Madhya Pradesh, Rajasthan, Chhattisgarh, and Gujarat, tapping into emerging markets with growing purchasing power. Our goal is to increase the share of diamond-studded jewellery, which is currently at 6%, by offering high-quality items, especially for wedding wear. By commanding premium making charges, we aim to enhance our gross margins.

About D.P. Abhushan Limited

D.P. Abhushan Limited, a renowned name in the jewellery sector, has been synonymous with trust and quality since its inception in 1940 under the brand “D.P. Jewellers.” Listed in 2017, the Company carries forward an 84-year legacy in Central India, now managed by the 4th generation of the founding family. Renowned for its commitment to purity and transparency, D.P. Abhushan Limited has established itself as one of the most trustworthy and honest jewellery brands.

With a rich history dating back to founders Late Shri Pannalalji Kataria and his sons, the Company has flourished into a prominent retail chain featuring branches across Ratlam, Indore, Udaipur, Bhopal, Ujjain, Bhilwara, Kota, and Banswara.

D.P. Abhushan offers a diverse range of high-quality products in Gold, Silver, Diamond, and Platinum, catering to various occasions with collections including Wedding, Valentine, Traditional, Flower, Mewar, Dohra, Lightweight, and Trendy Jewellery, alongside an array of Chains, Armlets, Rings, Pendants, and Necklaces.

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