BEML reports stellar performance in Q4 FY24 results: Net Profit jumps

BEML Ltd, India’s leading indigenized heavy equipment maker, has announced its financial results for the fourth quarter of FY24, ending March 31, 2024. The company has reported impressive growth across key financial metrics, reflecting its robust performance and strategic initiatives.

Key Highlights of BEML Standalone results

Net profit surge : Net profit for Q4 of FY 24 has soared by 62.5% to Rs 257.13 crore compared to Rs 158.22 crore in the previous financial year
Revenue Growth : Revenue has witnessed a significant increase of 9.1% at Rs 1514 crore in Q4 of FY 24 up from Rs 1388 crore in previous financial year.
EBITDA Growth: EBITDA for Q4 of FY 24 has registered a remarkable growth of 22.54% at Rs 375.3 crore compared to Rs 306.27 crore in the previous year. Also as year as a whole EBITDA has jumped up by 25% to Rs. 486 Crs compared to Rs. 389 Crs in previous financial year.
Margin Improvement : Gross margin has improved by 20% to 11.98% in FY 24 compared to 9.99% in FY23, driven by a favorable segment mix of business.
Cost Optmization : Employee costs have dropped by 2.5% YoY, marking the seventh consecutive quarter of YoY decline.
Stellar Dividend : The company has declared a dividend of 205% for shareholders for FY 24, underlining its commitment to value creation for investors.
Organizational Restructuring : BEML has recently undergone organizational restructuring, creating 11 strategic business units and 2 micro business units. This move aims to enhance focus on revenue generation and achieve targetable revenue in the near future.
Strategic Expansion : Management is strategically positioning the company to foray into new areas such as shipping and maritime, and infrastructure. This strategic diversification is expected to drive volume growth in the coming quarters, translating into returns for shareholders.
Commenting on results, Shri Shantanu Roy, CMD of BEML Ltd said, “We are delighted to report a strong performance for Q4FY24, with significant growth across key financial parameters. Our relentless focus on innovation, cost optimization, and strategic expansion has enabled us to deliver robust results despite challenging market conditions. As we embark on our journey towards new growth avenues, we remain committed to creating long-term value for all stakeholders.”

BEML Ltd, on the occasion of completing 60 years of its illustrious journey, reaffirms its commitment to indigenization and innovation in the manufacturing of heavy equipment for critical sectors such as defence, rail and metro, and mining and construction. With a legacy of six decades, BEML has been at the forefront of India’s indigenization efforts, contributing significantly to the nation’s self-reliance in defense and infrastructure development.

This Mother’s Day, Johnson’s Baby launches digital film celebrating diverse journeys to motherhood

Bangalore, 14th May 2024 – Johnson’s Baby, a pioneer in baby skincare launches a digital film titled ‘The Long Wait for Day 1’, a heartfelt tribute to mothers and their motherhood/pregnancy journey. On Mother’s Day, Johnson’s Baby’s latest film conceptualized by DDB Mudra celebrates the different journeys of mothers, including adoption, in vitro fertilization (IVF), or preterm, and reinforces the brand’s commitment to supporting motherhood in all its forms.

As an extension of Johnson’s Baby #PromisePehlePalSe campaign, ‘The Long Wait for Day 1’ follows the poignant stories of Neha, Maya, and Geet, each embarking on their unique paths to motherhood. From the anticipation of waiting on a hospital bed to the flashbacks of their journeys, the film captures the emotional resilience of mothers.

Neha, after nine years of trying to get pregnant, conceives through IVF, embodying the unwavering determination and hope of countless mothers facing fertility challenges. Geet anxiously awaits the arrival of her child through adoption, highlighting the beauty of different paths to motherhood. Maya’s journey reflects the strength and patience of mothers with premature babies, as she navigates the uncertainties of a preterm baby.

The campaign highlights that every mother has a different journey to Day 1, however every mother promises to protect their baby. In every journey, Johnson’s Baby partners with mothers to protect their babies from Day 1. The beautiful montage culminates with the brand’s commitment: ‘Pehle pal se protection hai har maa ka aur hamara vaada’

Commenting on the latest campaign, Mr. Manoj Gadgil, Business Unit Head-Essential Health & Skin Health & VP Marketing, Kenvue, “Every mother’s journey is unique, every mother’s journey is special, but some motherhood journeys are longer. While every mother has a different story to their Day 1 with their little one, their promise to protect from Day 1 is the same. So is ours! With the launch of our latest digital campaign, we celebrate the incredible strength and resilience of every mother, especially those who have faced many challenges to experience motherhood. Johnson’s Baby is committed to supporting mothers and their precious babies from the very beginning. As a brand which has partnered with parents for generations, we are proud to play a special role in every motherhood journey with providing superior products that nurture and help protect a baby from Day 1.”

Harshada Menon and Siddhesh Khatavkar, Group Creative Directors, DDB Mudra shared, “When it comes to motherhood, it’s never simple. We wanted to bring out the raw emotion, excitement, grief, and happiness that comes with this journey. Despite being a story of three moms in our film, in reality, it represents the story of many.”

This Mother’s Day, Johnson’s Baby celebrates the occasion with popular national and regional celebrities and influencers with the #JourneyToDay1 campaign engaging 1000+ mums on various communities. The brand will also host fun contests where macro mommy influencers will share their motherhood journey through a doodle book inviting fellow mums to share their unique motherhood stories and participate in this contest.

Ecom Express Strengthens its Leadership Team

Gurugram, 14th May 2024: Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, announces the appointment of key leaders to its leadership pool. Ecom Express welcomes Pallavi Tyagi as Chief Marketing Officer, Praveen Kumar Agarwal as Head of Security and Loss Prevention, and Jyoti Tandon as Vice President – Financial Controller.

Over the last several months, Ecom Express has been expanding its leadership team to bring diverse industry veterans and experts in the areas of growth, product development, operations and financial controls.

Ajay Chitkara, CEO & MD, Ecom Express, expressed his confidence in the newly appointed leaders, stating, “With Pallavi, Praveen, and Jyoti joining our teams, we will strengthen our journey of sustainable growth and excellence. Their diversity and proven expertise will play a pivotal role in driving innovation, market leadership, security, and corporate governance for Ecom Express.”

Pallavi Tyagi joins Ecom Express as CMO and Digital Sales Head to lead Brand Transformation and conceptualize Marketing Initiatives across all channels. She comes with strong experience of over 18 years in Business, Products, and Operations and possesses the acumen to link marketing strategy and execution expertise to bring business results. Having worked on both sides, i.e. Marketing Communication Agencies, Solutions-Digitas, and Airtel Business, she has developed overall brand, and communication strategies and implemented integrated marketing plans across Verticals, the experience of which would help Ecom Express expand its market presence and enhance its customer experience.

Jyoti Tandon joins Ecom Express as Vice President – Financial Controller, bringing a wealth of financial acumen to the company. She is a Chartered Accountant with 15 years of experience in audit, assurance, and retail and construction sectors.

Praveen Kumar Agarwal joins Ecom Express as Head – Security and Loss Prevention, leading the charge in implementing robust security strategies and protocols across the company’s operations. With over 24 years of experience in the Telecom & IT industry, including key roles at Reliance Infocom, Tata Communications, and Bharti Airtel, Praveen has expertise in Business Operations, Infrastructure Development & Investment Strategy, Product Development & Lifecycle Management besides direct Sales. His wide-ranging experience will add immense value to Ecom Express, especially in establishing security and loss mitigation culture for the company.

Ecom Express looks forward to leveraging the expertise and leadership of Pallavi Tyagi, Praveen Kumar Agarwal, and Jyoti Tandon to drive innovation, efficiency, and excellence across its operations.

ILEM JAPAN Unveils Its First Store in Chennai, Tamil Nadu

14th May 2024: Embarking on a journey of cultural enrichment and holistic wellness, ILEM JAPAN proudly announces the launch of its store in Chennai. Nestled within the bustling confines of Palladium Mall, the store is a significant milestone that heralds the brand’s unwavering commitment to infusing the rich tapestry of Japanese wellness traditions into the vibrant landscape of India. Following the success of its inaugural standalone store in Pune & kiosks pan India, Chennai marks the second standalone store for ILEM JAPAN in India.

ILEM, which stands for Improve Longevity, Enhance Mindfulness, in its new store will offer an unparalleled shopping experience, blending modern elegance with authentic Japanese aesthetics. The store will showcase the diverse product line, from the exquisite nuances of Japanese tea to the revitalizing allure of J-beauty face, body, and hair care essentials. Every product is cruelty-free, clean, and made with natural ingredients, reflecting ILEM JAPAN’s commitment to ethical and sustainable practices.

Commenting on the store launch, Ishvani Patel – Founder of ILEM JAPAN says, “As we open our doors to the vibrant community of Chennai, we are excited to share the essence of Japanese wellness with you all. At ILEM JAPAN, we believe in the transformative power of holistic living, and our mission is to empower individuals to embrace a lifestyle rooted in mindfulness and longevity. With the launch of our store in Chennai, we invite you to embark on a journey of self-discovery, exploring the time-honored traditions and premium products that embody the spirit of Japan.”

Bahadurgarh: A hidden gem for real estate investors

Bahadurgarh: The real estate industry in Delhi NCR has witnessed major change in the past few years. While the capital city continues to boom in economic and infrastructural areas, the emergence of Tier 2 and Tier 3 cities in its vicinity is soaring as a pathbreaker, especially in the real estate market. With rapid urbanization, better infrastructural development, enhanced economic opportunities, and higher quality of life, these smaller cities are not only catching the eyes of homebuyers but also exciting developers who are eager to seize the opportunities in this potential real estate market. The development of the “Golden Ring,” i.e., a connected network encircling Delhi-NCR, further led to the expansion of Tier 2 and Tier 3 cities such as Bahadurgarh, Sonipat, Alwar, Meerut, and Manesar. These smaller cities provide exclusive investment opportunities, have excellent connectivity, and are well-equipped with top-notch amenities.

According to the CBRE report, tier-2 & tier-3 cities of India experienced a remarkable increase in investment, with capital flows more than doubling in 2023. Developers are drawn to these cities for land acquisition due to the robust increase in demand for real estate projects across the country. Moreover, the capital flows hit a record of $1.3 billion, up from $600 million in 2022.

Excellent connectivity-

The new Delhi Metro corridor approved by the Union Minister, i.e., the Inderlok to Indraprastha routes, will improve connectivity with Tier 2 and Tier 3 cities. According to real estate experts, the enhanced connectivity will boost investment in both commercial and residential projects in these locations. Moreover, property values might increase near this metro station. The length of this metro line will be about 12.4 kilometers. It comprises 10 stations which include Inderlok, Daya Basti, Sarai Rohilla, Ajmal Khan Park, Nabi Karim, New Delhi, LNJP Hospital, Delhi Gate, Delhi Sachivalaya, and Indraprastha. Moreover, this line will provide excellent connectivity to the Bahadurgarh region of Haryana. The commuters of this region can directly reach Indraprastha and other areas of central and east Delhi. Apart from this, the “Golden Ring” has emerged as a catalyst for the developing tier-2 cities surrounding Delhi-NCR, which makes these smaller cities a desirable destination for real estate investments among homebuyers.

Furthermore, Bahahadurgarh and other cities are located near Delhi. The Delhi-Bahadurgarh- Rohtak highway, KMP expressway, and UER2 connect the region to all the important cities and districts in Haryana and Delhi-NCR. The region also has excellent connectivity with the railway corridor, with Bahadurgarh as an important railway station.

Social Infrastructure-

Bahadurgarh city and surrounding smaller cities boast an impressive social infrastructure, catering to the needs of both buyers and investors alike. Notably, the region hosts Asia’s biggest footwear park and is home to some renowned companies such as Relaxo, BNG Fashion, Yokohama, and Aqualite. Balaji Action Cancer Hospital, the upcoming Minerva Mall, Maharaja Agarsen Medical University, etc situated close to the city enhance the appeal of the area. Furthermore, some of the renowned developers, such as Royal Green Realty, TATA, Omaxe, Essel Realty, HL city, and more have ready-to-move and upcoming luxurious properties like villas, plots, and first-time SCO spaces. The airport is just 30-40 minutes away from the location. Moreover, the city is also witnessing a population surge, particularly among millennials and young professionals, drawn by its proximity to offices and excellent connectivity.

Talking about the real estate growth in Bahadurgarh City, Yashank Wason, Managing Director, Royal Green Realty, said, “Unlike other cities of Delhi-NCR, Tier-2 & Tier-3 cities such as Bahadurgarh and more also offer luxurious living that is too far away from the hustle and bustle of the city. The region is close to Delhi, as it takes around 1 hour or so to reach, and is well-connected with roads, railway corridors, and the Delhi Metro. At our township, we offer villas, floors, plots, and our first-time SCO spaces equipped with top-notch amenities such as smart security & monitoring, a smart outdoor landscape, a swimming pool, a kid’s play area, and more that will enhance the standard of living of our residents.”

New Opportunities Unveiled:

With improved connectivity and rising property values, Bahadurgarh and other smaller cities are evolving into hotspots for developers. This opens up exciting new opportunities for commercial development, marked by the emergence of Shop-Cum-Office (SCO) spaces. This innovative concept combines retail and office spaces within a single unit, transforming the commercial real estate landscape. This diversification in the commercial real estate sector provides businesses with a wide range of options tailored to meet the industry’s needs. With a strategic location, these spaces hold immense appeal for SMEs, further cutting costs and streamlining operations in Tier 2 cities.

On this, Wason, further adds, “Our first-time Shop-Cum-Office (SCO) spaces in Bahadurgarh will offer cost-effective solutions and increased convenience for businesses. The companies can benefit from shared infrastructure and facilities, such as common areas, and parking spaces, among others. These spaces are poised to make a positive impact on the local economy, generating numerous job opportunities. Most important of all it is an enticing option for startups and entrepreneurs who are aiming to establish their brand in tier-2 cities, especially Bahadurgarh.”

Future Outlook:

The Indian economy is set to undergo rapid urbanization of approximately 50% by 2050, which will encourage more developers to expand their footprints in these markets. Finance Minister Nirmala Sitharaman’s recent announcement during the interim budget 2024 underscores the government’s steadfast commitment to infrastructure upgrades & building connectivity nationwide. This significant move will benefit the real estate industry, not just in major cities but also in Tier 2 and Tier 3 cities across the country.

Wondrlab Strengthens Full Funnel Digital Capabilities with Ritika Malhotra as Head of Digital

Mumbai, 14th May 2024: Wondrlab Network, India’s foremost platform-first martech network, has today announced the appointment of Ritika Malhotra as the Head of Digital, further strengthening its leadership team. Ritika brings over a decade of invaluable experience in digital advertising, marked by a stellar track record of innovation and success with renowned Indian and global brands. Her last stint was at FCB Kinnect as VP – West, where she was responsible for the P&L for their largest region and leading solutions for the brands managed from the region.

A seasoned professional, with 9 Cannes Lions under her belt, Ritika has worked with some of the biggest brands – Future Group, P&G, Google, Shiseido, Amazon, and HDFC Bank to name a few. She’s been instrumental in driving the digital transformation for brands, helping them transition from offline-centric approaches to digital-forward strategies. She’s also worked on marketing new-age platforms like TikTok and Disney+ Hotstar to enhance their digital presence and drive meaningful engagement.

On the appointment, Sanju Menon, Chief Operating Officer, Wondrlab said, “We are thrilled to welcome Ritika to the Wondrlab Network. Her impressive track record, forward-thinking approach and leadership skills make her the perfect fit to lead our platform first thinking. Her key focus areas would be to create phenomenal value for our existing clients and shape the digital practice of Wondrlab to set new benchmarks. Her addition strengthens our team’s capabilities and reinforces our dedication to pushing boundaries in the digital landscape by unleashing and delivering full-funnel solutions for our partners.”

Commenting on her new role, Ritika said, “I am thrilled to join the Wondrlab Network and lead its digital efforts in this dynamic landscape. Driving innovation, creating exceptional value for our clients, adding momentum to Wondrlab’s digital practice to set new benchmarks of excellence is what I am going to focus on. Harnessing the power of technology and creativity to deliver impactful solutions that propel our clients’ businesses forward is going to be my core area of focus. The power of the Wondrlab Network with its full stack offering excites me, and I’m so looking forward it .”

Conrad Pune Gears Up for a Royal Culinary Escape: Unveiling the Delights of Hyderabadi Cuisine

Conrad Pune is delighted to announce a Hyderabadi Food Festival, a ten-day culinary extravaganza showcasing the rich and royal heritage of Hyderabadi cuisine. The guests can set themselves on a delectable journey through the bustling streets of Hyderabad, savoring an array of authentic dishes.

This festival promises an unparalleled dining experience, transporting guests to the opulent era of the Nizams. The festival will be under the guidance of Master Chef Mujeeb ur Rehman and his team of expert khansamas, ensuring an authentic and unforgettable experience. Diners can expect a dazzling array of delicacies, featuring:

Succulent Kebabs: Gosht Seekh Kebab, Pathar Gosht, Sikham Puri, Nizami Murg Tikka, and more.

Flavorful Curries: Haleem, Achar Gost, Hyderabadi Nehari, and vegetarian delights like Hyderabadi Doodh Paya Shorba and Ghuti Dal ka Shorba.

Aromatic Biryanis: Kache Gosht Ki Biryani, Kacchi Murg Biryani, and vegetarian options like Tamater Pulao and Methi Ki Khichdi.

Delectable Desserts: Dabal Ka Meetha, Khubani Ka Meetha, Gul E Firdous, and a variety of other sweet treats.

The Hyderabadi Food Festival breaks the myth that Hyderabadi cuisine is solely non-vegetarian. Conrad Pune offers an unmatched selection of vegetarian options, showcasing the culinary mastery of the region. Guests can relish Hyderabadi Doodh Paya Shorba, Subz Sheekhampuri, Gobhi Musullam, and a variety of other flavorful vegetarian dishes.

Conrad Pune invites you to savor the Nawabi taste and unwind in an elegant ambiance. This festival is a must-visit for food connoisseurs and anyone seeking a unique and unforgettable dining experience.

Don’t miss this opportunity to savor the rich heritage and vibrant flavors of Hyderabad!