Aurionpro reports strong growth in EBITDA with sustained business momentum; IP-driven strategy yielding results

Mumbai, Maharashtra, August 30, 2017 /– Aurionpro Solutions Ltd (NSE: AURIONPRO)(BSE: 532668), a provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the first quarter ended June 30, 2017.

Q1 FY17-18 Financial Highlights

  • Total revenue for the period was Rs. 160.41 Crores, up 12.8% YoY
  • Consolidated EBITDA (net of Forex and excluding other income) for the period was Rs. 28.12 Crores, up 88% YoY
  • Profit After Tax (PAT) was Rs. 13.49 Crores

“We are very happy with our performance across all lines of business. This quarter’s results are testimony to the sustained investments we have made, in the last couple of years, towards building a strong portfolio of products and IP. This is clearly visible through the robust growth reported in this quarter’s EBITDA, with over 63% revenues coming from IP-led businesses,” said Samir Shah, CEO, Aurionpro, “While our digital innovation and banking businesses have always been IP driven, it is very encouraging to see strong demand for our IAM products and IP. We expect to sustain and continue accelerating market momentum through the rest of the year.”

Business Updates & Highlights

Isla web malware isolation system

  • In the wake of recent cyberattacks worldwide in the form of ransomware, phishing, Isla is increasingly seen as an inevitable component of an enterprise’s security stack; the product has seen great traction and acceptance across verticals and various geographies globally
  • Cyberinc, the subsidiary focused on cybersecurity, signed a strategic OEM agreement with Hewlett Packard Enterprise (HPE) for manufacturing and supply chain fulfilment of the Isla Appliance. We are launching Go To Market initiatives that will aim to expanding market reach for Isla, in the coming quarters
  • Isla was rolled out to South East Asian markets with new partnerships with key reseller partners and distributors across Indonesia, Thailand and Philippines

IAM (Identity & Access Management)

  • We are seeing an upward momentum in our IAM business. New product partnerships have helped reduce single product vendor dependency
  • As part of strategy to build strong IP, the IAM IP solutions stack was strengthened through the release of CPAS (Cyberinc Policy Automation Suite) with an extended feature set
  • We also had new wins and go lives in the IAM practice with multiple deals for both IAM based IP and implementation engagements.
    • Signed CPAS Licensing deal with a leading Healthcare provider in the USA
    • Started a new IAM deployment project for a client in Indonesia
    • Started a SailPoint implementation project at a leading law firm in California
    • Started a new Beyond Trust project for a leading North American Retailer

Banking and Fintech

We continue to consolidate our leadership position across Asia

  • The Transaction Banking Platform was chosen by a leading commercial bank in Sri Lanka, making it the second win in Sri Lanka
  • Upgraded existing payments platform for a leading Indian bank — this new technology platform will help them process 30 million transactions per day; we also had multiple new wins and go-lives in India and South Asia

Others

  • SCMProFit solution was chosen by a US based freight operator as well as a large logistics company in Kenya
  • This quarter also saw us strengthening our Government practice with repeat engagements with existing clients and two new strategic wins under Digital India initiative

Notes to Editor

About Aurionpro

Aurionpro Solutions (NSE: AURIONPRO)(BSE: 532668) Aurionpro is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry leading IP to deliver tangible business results for global corporations. Employing more than 1,200 domain and technology experts across North America, Asia and Europe, Aurionpro caters to a host of clients across BFSI, Telecom and Logistics industry. For more information, visit www.aurionpro.com

Q1 FY18 Results of Godrej Properties Limited

Mumbai, Maharashtra, August 9, 2017 /– Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the first quarter ended June 30, 2017.

CORPORATE HIGHLIGHTS:

Sales Highlights

  • Q1 FY18 witnessed total booking value of INR 1,474 crore and total booking volume of 1,799,678 sq. ft. as compared to total booking value of INR 387 crore and total booking volume of 592,715 sq. ft. in Q1 FY17
  • 4 successful new project/phase launches in Mumbai, Pune & NCR

Business Development

Added 4 new projects with ~4.9 million sq. ft. of saleable area in Q1 FY18

Sector 33 – Sohna, Gurgaon

  • Entered into a partnership to develop a residential group housing project with saleable area of 1.7 million sq. ft.
  • GPL’s first project in Sohna and 8th project in NCR
  • Located 12 kms from Golf Course Extension Road and offers easy access to Gurgaon from Sohna Road

New Gurgaon, NCR

  • Entered into a partnership to develop a residential group housing project with saleable area of 1.05 million sq. ft.
  • GPL’s 9th project in NCR
  • Located 5 kms from NH 8 and easily accessible via a network of main sector roads

Magadi Road, Bangalore

  • Entered into a development management agreement to develop a premium residential group housing project with saleable are of 0.6 million sq. ft.
  • GPL’s first project in the micro market of West Bangalore and 13th project in Bangalore
    • Located in close proximity to the Central Business District (CBD), Race Course, Majestic and Rajarajeshwari Nagar

Sector 106, Gurgaon*

  • Acquired a land parcel measuring ~14.8 acres in Sector 106, Gurgaon for developing a high-end residential housing project with saleable area of ~1.5 million sq. ft.
  • GPL’s 10th project in NCR
    • Located in an upcoming residential area in Gurgaon that is seamlessly connected to New Delhi through a 75 meter wide road
    • Project will be developed in partnership with Godrej Residential Investment Program

II. This is the fourth project under GRIP II, the ~US$ 275 million fund which was announced in March 2016

*Partnership agreement was signed in June 2017 but registration and announcement happen in the first week of July 2017

Construction Highlights

  • Delivered 1,101 apartments measuring 2 million sq. ft. across 2 cities in Q1 FY18
    • Delivered 998 apartments measuring 1.86 million sq. ft. at Godrej Summit,

Gurgaon

  • Delivered 103 apartments measuring 0.15 million sq. ft. at Godrej Platinum, Vikhroli

Other Highlights

  • Godrej Garden City becomes the largest township in India to receive Platinum Certification under the Indian Green Building Council (IGBC) Green Residential Society Rating System
  • Partnered with Taj Hotels to develop a world class Taj brand hotel at The Trees, Vikhroli
  • 10 awards received in Q1 FY18

Commenting on the performance of Q1 FY2018, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said:

“Our total sales for Q1 FY18 stood at Rs.1,474 crore which was our highest ever residential sales in a quarter. We also added 4 new projects to our portfolio and had one of our best ever quarters in terms of operating cash flow. We look forward to building on this momentum in the year ahead.”

Financial Overview (Consolidated)

Q1 FY2018 performance overview compared with Q1 FY2017

  • Total Income increased by 3% to INR 345 crore from INR 335 crore
  • EBITDA increased by 9% to INR 78 crore from INR 71 crore
  • Net profit decreased by 46% and stood at INR 23 crore
  • EPS# amounted to INR 1.08 as compared to INR 2.0

#not annualised

Notes to Editor

About Godrej Properties Limited:

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability and excellence to the real estate industry. Each Godrej Properties development combines a 120 year legacy of excellence and trust with a commitment to cutting-edge design and technology. Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.5 million square meters (138 million square feet) in 12 cities.

In the last five years, Godrej Properties has received over 200 awards and recognitions, including the “Premium Real Estate Company of the Year” at the Corporate LiveWire Awards 2017, the “Professional Excellence in Real Estate” at the ABP News Real Estate Awards 2016, the “Real Estate Company of the Year” at the Construction Week India Awards 2015, the “Most Reliable Builder” at the CNBC AWAAZ Real Estate Awards 2014, the “Innovation Leader in Real Estate” award at the NDTV Property Awards 2014, and the “Popular Choice – Developer of the Year” award at the ET NOW Awards in 2013.

Anoop Poojari / Vikram Rajput CDR India

Tel: +91 22 6645 1211/ 1223

Fax: +91 22 6645 1213

Email: anoop@cdr-india.com/ vikramr@cdr-india.com

DISCLAIMER:

Some of the statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.

CMI Limited, the leading specialty cables company, announces its annual results (2016-17)

New Delhi, Delhi, June 30, 2017 /– CMI Limited, the leading specialty cables company, announces its annual results(2016-17)

  • Revenues in FY 2016-2017 at Rs.34,603.43 Lakh(346.03 Cr)on an standalone basis and Rs. 42,555.08 Lakh(425.55 Cr) on a consolidated basis
  • PAT in FY2016-2017 at Rs.2008.34 Lakh(20.08 Cr) on an standalone basis and Rs. 3,007.48 Lakh(30.07 Cr) on a consolidated basis
  • EPS at Rs13.83 on an standalone basis and Rs.20.61 on a consolidated basis

CMI Limited, the NSE & BSE Listed Specialty Cable Company today announced its audited financial results for FY 2016-2017.

The revenues are at Rs 34,603.43 Lakh (Rs 346.03 Cr) for the year ended March 31, 2017, up from Rs 27,139.28 Lakh (Rs 271.39 Cr) in 2015-2016 marking an increase of 27.5%. The revenue on a consolidated basis stand at Rs 42,555.08 Lakh (425.55 Cr) in 2016-2017 making an increase of 57% as compared to previous year 2015-16 where revenue stood at Rs.27139.28 Lakh(271.39 Cr) . PAT in 2016-17 stood at Rs 2008.34 Lakh (Rs 20.08 cr) up from Rs1699.6 Lakh (Rs16.99 Cr) of 2015-16. On a consolidated basis, the PAT stood at Rs 3,007.48 Lakh (Rs 30.07 Cr). The Basic EPS on standalone basis during this period was Rs.13.83 in 2016-2017 as against Rs.13.39 of 2015-16. Basic EPS on consolidated basis stood at Rs. 20.61.

In addition, Q4 results for 2016-2017 were also on a growth curvature with revenues at Rs10,784.38 Lakh (Rs107.84 Cr), as against Rs 8055.57Lakh (Rs 80.55 Cr) in Q4 of 2015-2016 marking an increase of 33.8%. PAT for the same period stood at Rs 630.98 Lakh (Rs 6.30 Cr) from Rs 532.28 Lakh (Rs 5.32 Cr) in 2015-2016. Basic EPS for 2016-2017 is at Rs 4.29 and it increased from Rs 4.19. On a consolidated basis, the revenues for Q4 2016-2017 stood at Rs15,054.49 Lakh (Rs 150.54 Cr).

CMI, continued its positive growth from the last quarter and its revenues recorded positive growth from Q3 of 2016-2017 which stood at Rs10,784.38 Lakh (Rs107.84Cr) up from Rs 5936.51 Lakh (Rs 59.36 Cr) marking an increase of 81.66% on standalone basis. PAT for the Q4 of 2016-2017 stood at Rs 630.98 Lakh(Rs6.30 Cr) showing upswing of 133% from Rs 270.18 Lakh (2.70 Cr), the previous quarter. Basic EPS also recorded growth by 139% and stood at Rs 4.29 from Rs 1.79.

”Wire and cables industry is on the growth path. The impetus provided by the government of India for modernisation as well as laying of new railway lines and their vision to provide electricity to all by 2022 puts the industry on the growth trajectory. This opens huge growth opportunity for the sector and we believe that CMI with its constant endeavour to provide latest innovative products to its customers will reap huge dividends ”, says Mr Amit Jain, MD, CMI Ltd

We also want to assure our stakeholders including shareholders, vendors and customers that CMI is ready to go to the next level very rapidly without making any compromise on its ethics and principals, adds Mr. Jain

Notes to Editor

CMI is a listed, specialty cables company (NSE Symbol: CMICABLES, BSE Scrip Code: 517330,). CMI closed the year 2016-17 with revenues of Rs.3,4603.43 Lakh.

CMI focus is currently on new product development with the emphasis on latest technologies at its facilities. CMI’s original facility is located at Faridabad in Haryana and another facility at Baddi, Himachal Pradesh, which was a part of its acquisition of General Cable Energy Private Limited from fortune 500 Company, General Cable Corporation. It is India’s first green factory in the segment.

Today, CMI manufactures a wide variety of cables for infrastructure, Railways, Oil & Refinery industries, Engineering Companies, EPCC contractors, and the like. CMI’s satisfied customers include Railways & its subsidiaries like IRCON. RITES, MRVC, Konkan Railways, DLW, DMRC & other metros; Oil&Refinery industries like IOCL, BPCL, BORL, GAIL, MRPL, HPCL, ONGC; Leading Government companies like EIL, ISRO, BHEL, NLC, NTPC, NPC, BSNL / MTNL and HEC; Private Sector EPCC companies like L&T, Alstom, Siemens, Hitachi, Linde, Thales, Lurgi, Technip and ABB; Steel plants like Vishakhapatnam Steel.