Vertoz Announces Robust Q1 FY2024 Performance

August 10, 2023:Vertoz Advertising Limited (NSE: VERTOZ), a Technology Platform Enterprise, today announced results for the first quarter ended June 30, 2023.

The Board Meeting was held on August 8, 2023, to consider the Q1 Financial Results.

In Q1 FY2024, Vertoz’s performance showcased robust results, with consolidated revenue from operations reaching Rs. 3499.75 Lakhs, marking an impressive 216% year-on-year increase compared to the Rs. 1106.73 Lakhs revenue in the same quarter of the previous year. The EBITDA for the quarter stood at Rs. 500.04 Lakhs, reflecting a significant 83% year-on-year growth. Notably, the company’s Profit After Tax (PAT) experienced a remarkable surge of 151% year-on-year, reaching Rs. 354.26 Lakhs, a substantial improvement from Rs. 141.22 Lakhs in Q1 of the previous year. These exceptional figures emphasize Vertoz’s effective operational strategies and its ability to capitalize on market opportunities, underlining its commitment to delivering value to stakeholders and solidifying its competitive position.

Key Financials (INR in Lakhs)

Commenting on the results, Hirenkumar Shah, Whole-time Director of Vertoz said, “We’ve achieved a significant 83% EBITDA increase, highlighting operational efficiency gains. This success reflects our dedication to process optimization and cost control. With a strong base, we’ll seize growth opportunities while maintaining disciplined operations. Utilizing technology and talent development, we target consistent EBITDA growth for enhanced shareholder value. Amidst current fiscal challenges, our strategy involves expansion, product innovation, and digital transformation, guided by core values and customer responsiveness, ensuring sustainable growth and success”he added.

Ashis Shah, Non-Executive Director, Vertoz said, “Our company has achieved remarkable revenue growth of 216% compared to the prior fiscal year, showcasing our robust core business and adaptive market approach. Our profitability, with a net profit surge of 151%, benefited from new market entries that leverage our strengths, ensuring diversified revenue streams and resilience against market shifts.”

Asia-Pacific Companies Embrace Sustainability: Honeywell’s Quarterly Environmental Sustainability Index (Q3 2023) Indicates Increased Investment

Mumbai, August 10, 2023 – According to Honeywell’s (NASDAQ: HON) and The Futurum Group’s latest Q3 2023 Environmental Sustainability Index, a significant majority of companies in the Asia-Pacific region remain undeterred by economic uncertainty with regard to their sustainability goals. In fact, Q3 2023 Environmental Sustainability Index indicates that many companies in the region are focused on accelerating their sustainability-focused initiatives. Over the next 12 months, companies intend to increase their investments in energy evolution and efficiency by at least 50%. This surge in commitment exceeds budgetary allocations seen in the Asia-Pacific zone, thereby reiterating the region’s strong commitment to meeting its sustainability targets.

The fourth edition of the quarterly index reveals a promising surge in sustainability investment, with a resolute commitment to further growth, particularly in the Asia-Pacific region, with 31% of organizations express being ‘extremely optimistic’ about achieving their short or long-term sustainability goals and 35% being optimistic about meeting their 2030 goals.

Evaluating the past 12 months’ performance in the region, organizations have made notable progress in their environmental sustainability efforts. In the category of energy evolution & efficiency, 37% of organizations succeeded in meeting their targets. Similarly, 34% accomplished their goals for emissions reduction. Demonstrating even better results, 42% successfully tackled their pollution prevention objectives. The most impressive performance came in the circularity & recycling category, where 50% of organizations in the Asia-Pacific region achieved their sustainability targets, highlighting the region’s significant strides towards a more sustainable future.

“Over the past decade, there have many cohesive efforts around SDG goals in the Asia Pacific region. Organizations, across industries, are paving the way for sustainable solutions and committing to reduced emissions. The recent and ongoing discussions led by G20 is another instrumental step in this direction. Our most recent Environmental Sustainability Index, in partnership with The Futurum Group, also reveals a clear preference for sustainability goals over digital transformation, market growth, and financial performance in the coming six months. Notably, Energy Evolution and Efficiency are the top sustainability priorities, followed by Emissions Reduction, Pollution Prevention, and Circularity/Recycling initiatives, echoing a consistent trend over the last two quarters. These companies’ unwavering commitment to sustainability is truly admirable, and we feel proud to work with them as we collectively progress toward a greener, more sustainable world. In fact, even at Honeywell, our commitment to carbon neutrality by 2035 is a continuation of our sustainability/ESG efforts since 2004”, said Mr. Ashish Modi, President, Honeywell India.

Organizations in the Asia Pacific region are continuing to set an inspiring example for sustainability, with 72% having implemented internal Environmental Sustainability (ES) goals or targets for Energy Evolution & Efficiency, reflecting their proactive approach to energy conservation and efficiency. Furthermore, 62% of organizations have taken decisive action by setting internal ES goals for Emissions Reduction, demonstrating their commitment to combating climate change and reducing their carbon footprint. Furthermore, a remarkable 72% have adopted internal ES goals for Pollution Prevention, demonstrating the region’s unwavering commitment to protecting the environment and mitigating the impact of harmful pollutants.

“Honeywell’s Environmental Sustainability Index highlights the commitment of the global economy towards sustainability and innovation. Organizations worldwide have embraced Balanced Processes & Technology to drive sustainability initiatives, with 40% expressing extreme optimism in their reporting methods meeting future requirements. According to the survey, this pragmatic approach will achieve a significant portion of their targets for Emissions Reduction (32%), Pollution Prevention (30%), Energy Evolution and Efficiency (34%), and Circularity and Recycling (39%)” added Mr. Ashish Modi.

Mantis by Levels Unveils the Ultimate Nightlife Haven in Goa, India

Goa, August 2023 – Get ready to witness the most ravishing nightlife experience as Mantis Dubai, renowned for its exhilarating and unforgettable parties, is all set to make its mark in Goa, India. Mantis by Levels, the legendary nightclub is ready to take Goa’s nightlife to unprecedented heights.

With a whopping capacity of 2500 to 3000 people, Mantis by Levels guarantees an electrifying and thrilling ambience for party enthusiasts and music lovers alike.

The grand launch weekend, scheduled from 11th August to 15th August, promises to be an enthralling event that will leave partygoers mesmerised. The lineup for this much-anticipated launch boasts an array of top-tier artists and DJs, including the likes of Bismal and Chetas, Stebin Ben, DJ Yogii, Tech Panda, Kenzani, and many more! The talented DJs will keep the crowd grooving throughout the night, while the skilled bartenders will ensure the signature cocktails keep flowing alongside a delectable selection of savoury appetisers. One can anticipate an electrifying musical voyage that will keep them dancing throughout the night.

“We are thrilled to bring Mantis by Levels to Goa. The energy, emotions and enthusiasm surrounding this launch are beyond imagination. We promise an unforgettable experience that will leave a lasting impression on everyone.” said Ritanshu Aneja

Get ready to immerse yourself in a world of music, lights, food and dance. Mantis by Levels is here to take everyone on a journey like no other, where one can dance, let loose and create memories that will last a lifetime.

Let your hearts dance astray to the pulsating beats of Mantis by Levels.

Address: Little Vagator, Ozran Beach Rd, Vagator, Goa 403519
Operational hours: 12 pm to 1 am
Contact information for reservations: 9773773858

Brewing Magic with a Pen and a Teapot- Laxman Rao the Acclaimed Author and Master of Chai

In a heartwarming celebration on the rise of the common man, Shangri-La Eros New Delhi proudly introduces Laxman Rao, an internationally recognized master of Chai and an award-winning author, as a cherished tea consultant at Mister Chai & Tamra.

Laxman Rao’s journey is an ode to determination and the pursuit of dreams. A common man who once brewed tea at a roadside stall at ITO has now authored over 24 novels, plays and essays. He writes his books about his personal experiences, and the ideas which he gets when he interacts with his customers. His books are known to exude a rare sense of honesty and are woven around the ground realities of life.

Laxman Rao’s determination, unwavering passion and constant effort have led him to be an illustrious figure in the world of Hindi Literature. In his journey of being an author, Laxman Rao faced multiple rejections from publishers, but his passion drove him to keep trying. As he says ‘Junoon hona bahut zaruri hai, aur thoda sa pagalpan bhi’ (Passion is important, so is a bit of craziness). He has now sold multiple copies of remarkable books like “Rammdas,” “Nai Duniya Ki Nai Kahani,” and “Dansh,” captivating the hearts of readers across the globe.

A moment which is forever etched in his heart will be meeting the former President of India, Smt. Pratibha Patil along with his family. His destiny led him from being a roadside tea-seller to walking the grand corridors of the President’s house, where he realised the immense impact of his work on society and culture.

Beyond the realm of his pen, Laxman Rao has also been a ‘teacher of hearts’ to young minds as a revered guest lecturer in multiple schools and universities. With his wisdom and humility, he has left an indelible mark on all who have had the privilege of learning from him. For Shangri-La Eros New Delhi, the bond with Laxman Rao goes beyond the ordinary. The guests and colleagues at the hotel are captivated not only because of the exquisite Masala Chai, but also by the humility and warmth which he brings. Each cup is served with an inspiring story of a common man, who followed his dreams with constant passion and determination.

Every morning, he brings his unique alchemy to Mister Chai & Tamra, brewing a magical potion that weaves together flavours and emotions, creating a symphony of taste. Through this association with Laxman Rao, Shangri-La Eros New Delhi has embarked on a journey to bring the essence of the common man to a global stage and promote talent from different walks of life. As guests savour the magic potion crafted by this literary wizard, they are set to embark on a journey of connection with the heart of humanity.

Shangri-La Eros New Delhi’s mission is to discover and elevate hidden gems like Laxman Rao. With hearts ablaze with creativity and souls filled with passion, we strive to bring forth talents that inspire, unite, and leave an indelible emotional connection.

Snapdeal Announces Freedom Special Toofani Sale: Unveiling Irresistible Deals from 11th to 14th August

New Delhi, 10 August 2023: Leading value e-commerce platform, Snapdeal is thrilled to announce its upcoming Freedom Special Toofani Sale, set to take place from the 11th to the 14th of August 2023. This highly anticipated sale promises shoppers an extraordinary shopping experience with an array of unbeatable deals across various categories.

During the sale period, shoppers can expect to enjoy remarkable discounts ranging from 50% to a whopping 80% off on an extensive range of products including Fashion, Home & Living, Beauty, Health, Footwear, Electronics Accessories, and Automotive items.

Announcing the sale, Snapdeal spokesperson said, “We are thrilled to announce the Snapdeal Freedom Special Toofani Sale. With irresistible discounts spanning across a diverse array of categories, this sale celebrates the spirit of freedom and the power to shop for best-selling products without hesitation.”

Key Highlights of the Freedom Special Toofani Sale:

76 Bestselling Deals Every 4 Hours: Snapdeal is elevating the shopping experience by offering 76 highly sought-after deals refreshed every 4 hours, ensuring that customers have ample opportunities to grab their favourite products at unbeatable prices.

Fashion Extravaganza: Fashion enthusiasts will rejoice as the sale offers discounts of 50% to 80% off on a wide range of apparel including Kurtas & Sets, Sarees, Tops & Dresses, T-shirts, Shirts, Kids Clothing, Innerwear, and more.

Home & Living Bonanza: Snapdeal’s sale extends incredible discounts of up to 90% on Kitchen Storage, Headphones & Earphones, Stationery Supplies, Wall Decor, Plants & Gardening, Tools & Hardware, Lamps & Lighting, Car & Bike Care, Home Utility, and Kitchen Tools & Bedsheets.

Premium Brands at Unbeatable Prices: Top brands such as Hometales, Rangita, UrbanMark, Milton, MiniKlub, and more will be available with discounts of up to 90%, allowing shoppers to indulge in their favourite brands without breaking the bank.

Monsoon Must-Haves: Prepare for the rainy season with up to 85% off on essential items including Rain Essentials, Emergency Lights, Door Mats & Racks, Vehicle Covers, Cotton Bedsheets, Waterproof Footwear, and Waterproof Watches.

Unmatched Deals: Snapdeal’s sale introduces deals with minimum 80% off on an array of products, including Activewear, Kurtis, Boys Clothing, Women Dresses, Men’s Jeans, Casual Shoes, Sports Shoes, Kitchen Storage, and Trimmers.

With its commitment to providing customers with unbeatable value, Snapdeal’s Freedom Special Toofani Sale is an event that should not be missed. Mark your calendars for the sale dates from the 11th to the 14th of August 2023 and indulge in a shopping spree like never before.