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  • Australian shopping mall attacker identified as Joel Cauchi

    Australian shopping mall attacker identified
    Sydney mall attacker identified by police. Photo Courtesy: X/Nioh Berg

    The Australian Police on Sunday (April 14, 2024) identified the Bondi Junction attacker in Australia’s Sydney metropolis as Joel Cauchi.

    “The man was handled by NSW Ambulance paramedics; nonetheless, he couldn’t be revived and died on the scene. He has since been identified as 40-year-old Queensland man, Joel Cauchi,” learn a press release issued by NSW Polie Force.

    Police advised The Guardian that Cauchi had psychological well being issues and that he had moved from Queensland to New South Wales solely a month earlier than he took a knife into the crowded Sydney mall on Saturday afternoon and killed six individuals in an unprovoked stabbing spree.

    The attacker stabbed to demise six individuals at a mall in Sydney on Saturday, a mass stabbing incident which is uncommon within the nation.

    Several movies emerged on social media the place the attacker was seen roaming across the mall with a knife in his hand.

    A girl cop shot him lifeless and several other movies that went viral on varied social media platforms confirmed her.

    “An officer hooked up to Eastern Suburbs Police Area Command attended and was allegedly confronted by a person, armed with a knife,” police stated in a press release.

    Family members of attacker say they had been ‘devastated’

    “Our ideas and prayers are with the households and buddies of the victims and people nonetheless present process therapy right now,” they stated in a press release as quoted by The Guardian.

    Australian PM pays tribute

    Australian PM  Anthony Albanese visited the location of the assault and paid floral tributes to the victims.

    “Yesterday, Bondi Junction was the scene of horrific violence – but additionally selfless braveness and bravado,” he posted on X.

    ” Today this group has come collectively to mourn the victims of this devastating atrocity and provide its sympathy to those that have misplaced family members,” he stated.

  • MAS Financial Services Q1FY23 PAT up 26.33 percent to Rs. 46.52 Cr.

    • The consolidated AUM of the corporate crossed 7000 Crore throughout the quarter.

    • A powerful development of 29% YOY.

    The Board of Directors of MAS Financial Services Limited (MAS Financial) (BSE: 540749, NSE: MASFIN), specialised in MSME financing, introduced right this moment the unaudited monetary outcomes for the quarter ended 30th June, 2022.

    The constant monetary efficiency throughout all of the previous turbulent interval is the testimony of the sturdy fundamentals of the corporate; which is being adopted over twenty years. We witnessed a wholesome development in enterprise actions throughout the phase which we serve throughout the quarter. The identical was mirrored in disbursement which stood at 2153.73 Crore throughout the quarter ended 30th June 2022 as in contrast to 1041.37 Crore throughout the corresponding interval. Disbursement throughout March 22 quarter was 1962.33 Crore.

    Performance Highlights

    MAS Financial Services Limited stories Assets below Management (AUM) of 6683.92 Crore and revenue after tax of 46.52 Crore for the quarter ended 30th June 2022 from 5161.63 Crore and 36.83 Crore respectively for the quarter ended 30th June 2021. The AUM as on 31st March 2022 was 6246.80 Crore.

    • A Growth of 29.49 % in AUM and 26.33 % in PAT over the corresponding interval of the earlier 12 months.

    • Capital Adequacy Ratio (together with Tier II capital) as of 30th June, 2022 stood at 25.28 %. The Tier-I capital stood at 22.49%.

    • The NPA and Stage 3 classification standards adopted by the Company was in compliance with RBI round RBI/2021-22/125 DOR/STR/REC.68/21.04.048/2021-22 dated November 12, 2021.

    • The portfolio high quality remained steady and robust regardless of of the extended ongoing disaster adopted by the unprecedented pandemic scenario at 2.27% gross stage 3 property and 1.63 % internet stage 3 property of AUM as in contrast to 2.28% gross stage 3 property and 1.70% internet stage 3 property of AUM as on 31st March 2022.

    • The firm continues to carry buffer provision (COVID provision) of 33.95 Crore as on 30th June 2022 which is 0.62% of the whole on ebook property.

    ( in CR)

    Particulars

    Q123

    Q122

    QoQ

    FY 22

    Assets Under Management

    6683.92

    5161.63

    29.49%↑

    6246.80

    Total Income

    198.33

    148.50

    33.56%↑

    657.45

    Profit Before Tax

    62.26

    49.53

    25.69%↑

    211.67

    Profit After Tax

    46.52

    36.83

    26.33%↑

    157.83
    ( in CR)

    Asset Under Management (AUM)*

    Jun-22

    Jun-21

    YoY

    Micro-Enterprise loans

    3519.12

    2761.86

    27.42%↑

    SME loans

    2445.91

    1813.06

    34.91%↑

    2-Wheeler loans

    386.43

    374.96

    3.06%↑

    Commercial Vehicle loans

    332.45

    211.76

    56.99%↑

    Total AUM

    6683.92

    5161.63

    29.49%↑

    *Represents underlying property in every of the class. As on thirtieth June, 2022 45.32% of the whole underlying property is thru numerous NBFCs.

    *June-22 AUM consists of 59.34 Crore of private loans.

    Note on MAS Rural Housing and Mortgage Finance Limited (Subsidiary)

    The Board of Directors of MAS Rural Housing and Mortgage Finance Limited of their assembly held right this moment took on document the unaudited Financial Results of the corporate for quarter ended 30th June, 2022.

    Performance Highlights

    MAS Rural Housing and Mortgage Finance Limited stories Assets below Management (AUM) of 343.21 Crore and revenue after tax of 1.07 Crore for the quarter ended 30th June 2022 from 294.70 Crore and 0.82 Crore respectively for quarter ended 30th June 2021.

    • A development of 16.46 % in AUM and 29.86 % in PAT over the corresponding interval of the earlier 12 months.

    • Capital Adequacy Ratio (together with Tier II capital) as of 30th June 2022 stood at 46.43%. The Tier-I capital stood at 33.43%.

    • The NPA and Stage 3 classification standards adopted by the Company was in compliance with RBI round RBI/2021-22/125 DOR/STR/REC.68/21.04.048/2021-22 dated November 12, 2021.

    • The portfolio high quality remained steady and robust regardless of of the extended ongoing disaster adopted by the unprecedented pandemic scenario at 0.54% gross stage 3 property and 0.38% internet stage 3 property of AUM as in contrast to 0.53% gross stage 3 property and 0.38% internet stage 3 property of AUM as on thirty first March 2022.

    • The firm continues to carry buffer provision (COVID provision) of 3.00 Crore as on 30th June 2022 which is 1.06 % of the whole on ebook property.

    ( in CR)

    Particulars

    Q123

    Q122

    QoQ

    FY 22

    Assets Under Management

    343.21

    294.70

    16.46%↑

    316.34

    Total Income

    8.89

    8.89

    0.03% ↑

    35.83

    Profit Before Tax

    1.41

    1.06

    32.53%↑

    5.78

    Profit After Tax

    1.07

    0.82

    29.86%↑

    4.56

    Commenting on the efficiency, Mr. Kamlesh Gandhi – Founder, Chairman & Managing Director, MAS Financial mentioned, We have over two & half decade demonstrated that “Consistently and steadily is the quickest approach to attain the place you need to.“

    As shared earlier we’ve the sturdy conviction that the corporate has glorious enablers to develop at a constant CAGR of 20-25%, the identical was very aptly demonstrated within the working of this quarter and are assured for a similar going ahead. In consonance with our mission and imaginative and prescient to always endeavor to create worth for stakeholders on a really giant scale by way of environment friendly final mile supply of credit score, the principle focus of the corporate continues to stay on sustaining sturdy capital base, enough liquidity and high quality of property.

    Team MAS stays dedicated to its mission of excellence by way of endeavours.

  • ICICI Bank again revise interest rate on FD in April, check new rate here





    ICICI Bank again revise interest rate on FD in April, check new rate here
    ICICI Bank again revise interest rate on FD in April, check new rate here

    ICICI Bank FD Rates: ICICI, the nation’s second largest non-public sector financial institution, has as soon as again revised the interest on bulk FD. The financial institution had earlier carried out new charges from April 1, however then on April 9, 2024, it has as soon as again modified the interest charges on FD. The financial institution is providing bulk FD starting from 7 days to 10 years. The financial institution is providing interest starting from 4.75 % to 7 %. The financial institution is providing most interest of seven.25% on bulk FD.

    – Advertisement –

    Interest charges on ICICI Bank bulk FD

    • 7 days to 14 days: For common public – 4.75 %; For senior residents – 4.75 %
    • 15 days to 29 days: For common public – 4.75 %; For senior residents – 4.75 %
    • 30 days to 45 days: For common public – 5.50 %; For senior residents – 5.50 %
    • 46 days to 60 days: For common public – 5.75 %; For senior residents – 5.75 %
    • 61 days to 90 days: For common public – 6 %; For senior residents – 6 %
    • 91 days to 120 days: For common public – 6.50 %; For senior residents – 6.50 %
    • 121 days to 150 days: For common public – 6.50 %; For senior residents – 6.50 %
    • 151 days to 184 days: For common public – 6.50 %; For senior residents – 6.50 %
    • 185 days to 210 days: For common public – 6.75 %; For senior residents – 6.75 %
    • 211 days to 270 days: For common public – 6.75 %; For senior residents – 6.75 %
    • 271 days to 289 days: For common public – 6.85 %; For senior residents – 6.85 %
    • 1 yr to 389 days: For common public – 7.25 %; For senior residents – 7.25 %
    • 390 days to lower than 15 months: For common public – 7.25 %; For senior residents – 7.25 %
    • 15 months to lower than 18 months: For common public – 7.05 %; For senior residents –
    • 7.05 %
    • 2 years 1 day to three years: For common public – 7 %; For senior residents – 7 %
    • 3 years 1 day to five years: For common public – 7 %; For senior residents – 7 %
    • 5 years 1 day to 10 years: For common public – 7 %; For senior residents – 7 %

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    Pravesh Maurya, has 5 years of expertise in writing Finance Content, Entertainment information, Cricket and extra. He has completed BA in English. He likes to Play Sports and browse books in free time. In case of any complain or suggestions, please contact me @rightsofemployeescom@gmail.com


  • Indian national Sarabjit Singh’s killer shot dead in Pakistan

    Sarabjit Singh's killer was shot dead
    Indian national Sarabjit Singh’s killer was shot dead in Lahore. Photo Courtesy: Unsplash

    Unknown gunmen on Sunday (April 14, 2024) shot dead underworld don and alleged killer of Indian national Sarabjit Singh in Pakistan’s Lahore metropolis, media stories stated.

    Amir Sarfaraz, alias Tamba, one among Pakistan’s needed underworld dons, was attacked by motorcycle-borne assailants in the Islampura space of Lahore, India Today reported.

    He was rushed to a hospital the place he succumbed to his accidents.

    Amir Sarfaraz was born in Lahore in 1979 and was an in depth affiliate of the Lashkar-e-Taiba (LeT) founder Hafiz Sayeed, the Indian information channel reported.

    A case was filed in opposition to him and others for attacking Sarabjit Singh in a Pakistani jail.

    According to stories, Sarfaraz was later acquitted by a Pakistani courtroom as a result of ‘lack of proof’.

    Who was Sarabjit Singh?

    Indian demise row prisoner in Pakistan Sarabjit Singh, 49, died of a coronary heart assault in Lahore’s Jinnah Hospital on May 2, 2013, after remaining in a coma for almost per week following a brutal assault on him by inmates.

    He was reportedly attacked by inmates with bricks and iron rods.

    Singh was awarded a demise sentence for spying costs and killing at the very least 14 Pakistani residents in bomb blasts in the South Asian nation’s Punjab province in 1990.

    Singh’s relations and Indian authorities denied the claims.

    Singh’s household claimed he crossed the Indian border to succeed in Pakistan whereas farming by mistake.

    During the complete tenure, Singh’s sister Dalbir Singh pleaded tirelessly to safe his launch from jail.

    Singh’s life additionally impressed filmmaker Omung Kumar to create the film titled ‘Sarabjit’.

    Released in 2016, the film featured Aishwarya Rai Bachchan and Randeep Hooda in the lead roles.

  • Speciality Restaurants Limited Reports Total Income of Rs. 9,859 Lakhs and PAT of Rs. 1,471 Lakhs for Q1FY23

    Quarter ended 30.06.2022 – Standalone Financial Results

    • Total Income at Rs. 9,859 lakhs

    • EBIDTA at Rs. 2,639 lakhs

    • Total Comprehensive Income Rs. 1,471 lakhs

    Speciality Restaurants Ltd., a number one positive eating restaurant operator with Mainland China, Asia Kitchen by Mainland China, Oh! Calcutta and Sigree-Global Grill as its key manufacturers on standalone foundation reported a Total Income of Rs. 9,859 lakhs for Q1 FY23 as towards Rs. 7,932 lakhs within the corresponding quarter thus marking a progress of 24.29% on a q-o-q foundation. EBIDTA for Q1 FY23 was reported at Rs. 2,639 lakhs as towards Rs. 1,592 lakhs thus marking a progress of 65.77% on a q-o-q foundation. Total Comprehensive Income for Q1 FY23 was reported Rs. 1,471 lakhs towards loss of 843 lakhs.

    The Consolidated monetary outcomes of the Company for Q1FY23 reported a Total Income of Rs. 9,859 lakhs. EBIDTA and Total Comprehensive Income for Q1FY23 was reported at Rs. 2,639 lakhs and Rs. 1,487 lakhs respectively.

    Commenting on the efficiency of the corporate Mr. Anjan Chatterjee, Chairman & Managing Director, Speciality Restaurants Ltd., stated, “Company has been centered on taking strategic steps and implementing the learnings throughout COVID-19 interval in direction of proper sizing of the operations and deal with the supply vertical has turned across the companys efficiency. Some tactical measures of value controls and stream-lining enterprise processes have led to rationalization of the prices which has resulted into financial savings ensuing into improved profitability. We proceed to deal with the cloud kitchen vertical with our established manufacturers for the supply enterprise with low capital requirement and higher return on investments. Establishing kitchen inside kitchen in our present eating places has resulted into sweating of belongings thus bettering profitability. As the corporate is debt free, we are going to proceed our enlargement journey and present best-in-class eating expertise and supply of hygienic meals to our company while creating worth for all our stakeholders.”

    As on 31 March, 2022, the Company had a complete of 80 Restaurants (together with 11 Cloud Kitchens and 17 Franchisee) and 37 Confectionary shops throughout 13 cities in India, 2 in UAE. The firm operated 1 restaurant in London below Joint Venture.

    The Company began operations of its “Chourangi” restaurant at 3 Old Quebec St. London WIH 7AF on October 7, 2021. Chourangi is the three way partnership of Speciality Restaurants by means of its subsidiary, within the metropolis of London. It guarantees to introduce Londons discerning meals lovers to the unexplored delicacies of India – three centuries previous and nonetheless evolving, bursting with style and flavours which have by no means earlier than been encountered on this metropolis.

    The decor has additionally been rigorously thought out and designed to seize the range of the town over centuries with the enduring Indian Coffee House really feel of the Howrah Bridge Wallas the gate approach to the town, the enduring Tolly Club and Bengal Club or the Royal Turf Club settings, louvre partitions with a combination of jazz and Bengali mild instrumentals within the background to set the temper for discerning diners to take in the expertise. The meals providing is a culinary combine of avenue meals and the heritage delicacies of the Sahibs/Mughals, with delicate influences of the French and British. Its Calcutta delicacies options adventurous new substances, flavours and cooking strategies interwoven with 300 years of vibrant historical past and tales giving the folks of London an experiential style of Calcutta.

    About Speciality Restaurants

    Speciality Restaurants is engaged within the enterprise of working eating places and confectionaries with eating places throughout India, Qatar, UAE and United Kingdom. The Companys Flagship Brand is Mainland China providing genuine Chinese delicacies. In a current model refresh and extension, the Company efficiently launched Asia Kitchen by Mainland China whose menu extends to Pan-Asian delicacies. The Core Brands are Oh! Calcutta providing mild Bengali delicacies having presence of over 25 years. Sigree-Global Grill which incorporates a melange of contemporary, grilled flavours from all world wide like Mediterranean, Oriental, Spanish, Mexican and Indian delicacies with reside grills on every desk.

    “Gong Modern Asian” whose menu extends Sacred Chinese gongs are inscribed with the Mandarin Chinese characters known as Tai Loi, which suggests, happiness has arrived. Gong-Modern Asian takes you to a brand new degree of happiness with its excessive vitality atmosphere that could be a modern tackle conventional Japanese temple structure and numerous Asian flavours which are ready utilizing western cooking strategies and shows. “Episode One” is one of a form experiential bar and eating house in Powai, Mumbai. “BARishh” is a spot that’s vibrant and stylish, with gorgeous decor, a splash of pop colors that spell youthful and comes a breath of contemporary air… sip on some house-special gin concoctions and rejoice all issues millennial with a contact of “ishh“. BARishh. “RIYASAT” is normally an Arabic phrase which suggests “Estate” or “Empire“. Infused with a modern Indian delicacies – Riyasat is a narrative woven by means of royal celebrations and victories and is impressed from the state properties of the royal households of the 19 century.

    The different Core Brand is Sweet Bengal confectionary that includes Bengali Sweets and Snacks, “Dariole” is a sequence of Confectionary from the home of Speciality Restaurants, with choices from our grasp bakers within the state of the artwork bakery creating little masterpiece with flours and substances sourced regionally and Its Power Brands are Hoppipola, an all-day bar providing modern meals, finger meals and bar nibbles and Cafe Mezzuna an all-day informal eating format serving continental dishes with Mediterranean, Moroccan, East Asian and Italian flavours.

    The Companys different Restaurant manufacturers embody Jungle Safari, Haka and Flame & Grill.

  • Speciality Restaurants Limited Reports Total Income of Rs. 9,859 Lakhs and PAT of Rs. 1,471 Lakhs for Q1FY23

    Quarter ended 30.06.2022 – Standalone Financial Results

    • Total Income at Rs. 9,859 lakhs

    • EBIDTA at Rs. 2,639 lakhs

    • Total Comprehensive Income Rs. 1,471 lakhs

    Speciality Restaurants Ltd., a number one high-quality eating restaurant operator with Mainland China, Asia Kitchen by Mainland China, Oh! Calcutta and Sigree-Global Grill as its key manufacturers on standalone foundation reported a Total Income of Rs. 9,859 lakhs for Q1 FY23 as in opposition to Rs. 7,932 lakhs within the corresponding quarter thus marking a development of 24.29% on a q-o-q foundation. EBIDTA for Q1 FY23 was reported at Rs. 2,639 lakhs as in opposition to Rs. 1,592 lakhs thus marking a development of 65.77% on a q-o-q foundation. Total Comprehensive Income for Q1 FY23 was reported Rs. 1,471 lakhs in opposition to loss of 843 lakhs.

    The Consolidated monetary outcomes of the Company for Q1FY23 reported a Total Income of Rs. 9,859 lakhs. EBIDTA and Total Comprehensive Income for Q1FY23 was reported at Rs. 2,639 lakhs and Rs. 1,487 lakhs respectively.

    Commenting on the efficiency of the corporate Mr. Anjan Chatterjee, Chairman & Managing Director, Speciality Restaurants Ltd., stated, “Company has been targeted on taking strategic steps and implementing the learnings throughout COVID-19 interval in the direction of proper sizing of the operations and deal with the supply vertical has turned across the companys efficiency. Some tactical measures of price controls and stream-lining enterprise processes have led to rationalization of the prices which has resulted into financial savings ensuing into improved profitability. We proceed to deal with the cloud kitchen vertical with our established manufacturers for the supply enterprise with low capital requirement and higher return on investments. Establishing kitchen inside kitchen in our present eating places has resulted into sweating of belongings thus enhancing profitability. As the corporate is debt free, we’ll proceed our enlargement journey and present best-in-class eating expertise and supply of hygienic meals to our visitors while creating worth for all our stakeholders.”

    As on 31 March, 2022, the Company had a complete of 80 Restaurants (together with 11 Cloud Kitchens and 17 Franchisee) and 37 Confectionary shops throughout 13 cities in India, 2 in UAE. The firm operated 1 restaurant in London underneath Joint Venture.

    The Company began operations of its “Chourangi” restaurant at 3 Old Quebec St. London WIH 7AF on October 7, 2021. Chourangi is the three way partnership of Speciality Restaurants by way of its subsidiary, within the metropolis of London. It guarantees to introduce Londons discerning meals lovers to the unexplored delicacies of India – three centuries outdated and nonetheless evolving, bursting with style and flavours which have by no means earlier than been encountered on this metropolis.

    The decor has additionally been fastidiously thought out and designed to seize the variety of the town over centuries with the long-lasting Indian Coffee House really feel of the Howrah Bridge Wallas the gate strategy to the town, the long-lasting Tolly Club and Bengal Club or the Royal Turf Club settings, louvre partitions with a mixture of jazz and Bengali mild instrumentals within the background to set the temper for discerning diners to take in the expertise. The meals providing is a culinary combine of road meals and the heritage delicacies of the Sahibs/Mughals, with refined influences of the French and British. Its Calcutta delicacies options adventurous new components, flavours and cooking strategies interwoven with 300 years of vibrant historical past and tales giving the individuals of London an experiential style of Calcutta.

    About Speciality Restaurants

    Speciality Restaurants is engaged within the enterprise of working eating places and confectionaries with eating places throughout India, Qatar, UAE and United Kingdom. The Companys Flagship Brand is Mainland China providing genuine Chinese delicacies. In a latest model refresh and extension, the Company efficiently launched Asia Kitchen by Mainland China whose menu extends to Pan-Asian delicacies. The Core Brands are Oh! Calcutta providing mild Bengali delicacies having presence of over 25 years. Sigree-Global Grill which incorporates a melange of contemporary, grilled flavours from all all over the world like Mediterranean, Oriental, Spanish, Mexican and Indian delicacies with stay grills on every desk.

    “Gong Modern Asian” whose menu extends Sacred Chinese gongs are inscribed with the Mandarin Chinese characters referred to as Tai Loi, which implies, happiness has arrived. Gong-Modern Asian takes you to a brand new degree of happiness with its excessive vitality atmosphere that could be a modern tackle conventional Japanese temple structure and numerous Asian flavours which might be ready utilizing western cooking methods and displays. “Episode One” is one of a form experiential bar and eating house in Powai, Mumbai. “BARishh” is a spot that’s vibrant and stylish, with gorgeous decor, a splash of pop colors that spell youthful and comes a breath of contemporary air… sip on some house-special gin concoctions and have a good time all issues millennial with a contact of “ishh“. BARishh. “RIYASAT” is often an Arabic phrase which implies “Estate” or “Empire“. Infused with a modern Indian delicacies – Riyasat is a narrative woven by way of royal celebrations and victories and is impressed from the state houses of the royal households of the 19 century.

    The different Core Brand is Sweet Bengal confectionary that includes Bengali Sweets and Snacks, “Dariole” is a series of Confectionary from the home of Speciality Restaurants, with choices from our grasp bakers within the state of the artwork bakery creating little masterpiece with flours and components sourced domestically and Its Power Brands are Hoppipola, an all-day bar providing modern meals, finger meals and bar nibbles and Cafe Mezzuna an all-day informal eating format serving continental dishes with Mediterranean, Moroccan, East Asian and Italian flavours.

    The Companys different Restaurant manufacturers embrace Jungle Safari, Haka and Flame & Grill.

  • Alia Bhatt shares unseen photo with Ranbir Kapoor on second marriage anniversary

    Alia Bhatt and Ranbir Kapoor complete second year of marriage.
    Ranbir Kapoor and Alia Bhatt rejoice their second marriage anniversary. Photo Courtesy: Alia Bhatt Instagram web page

    Bollywood’s energy couple Alia Bhatt and Ranbir Kapoor accomplished two years of their married life on Sunday (April 14, 2024) with the ‘Dear Zindagi’ actress wishing to rejoice extra years of togetherness in future.

    Alia shared a black-and-white picture with Ranbir and wrote on Instagram: “Happy 2. right here’s to us my love…at present & many a few years from at present.”

    They may very well be seen smiling for the digicam as they posed collectively to seize the second.

    Alia additionally shared an animated image of themselves for the event.

    In the animated picture, an aged couple may very well be seen dancing on the rooftop on a starry evening.

    The couple tied the nuptial knot on April 14, 2022 in Mumbai.

    Alia and Ranbir are the dad and mom of their two-year-old daughter Raha.

    Ranbir Kapoor was final seen in 2023’s blockbuster film Animal which smashed Box Office data.

    Apart from teaming up with Ranbir Kapoor for Karan Johar’s directorial movie Rocky Aur Rani Kii Prem Kahaani, Alia Bhatt made her Hollywood debut final yr with ‘Heart of Stone’.

  • Speciality Restaurants Limited Reports Total Income of Rs. 9,859 Lakhs and PAT of Rs. 1,471 Lakhs for Q1FY23

    Quarter ended 30.06.2022 – Standalone Financial Results

    • Total Income at Rs. 9,859 lakhs

    • EBIDTA at Rs. 2,639 lakhs

    • Total Comprehensive Income Rs. 1,471 lakhs

    Speciality Restaurants Ltd., a leading fine dining restaurant operator with Mainland China, Asia Kitchen by Mainland China, Oh! Calcutta and Sigree-Global Grill as its key brands on standalone basis reported a Total Income of Rs. 9,859 lakhs for Q1 FY23 as against Rs. 7,932 lakhs in the corresponding quarter thus marking a growth of 24.29% on a q-o-q basis. EBIDTA for Q1 FY23 was reported at Rs. 2,639 lakhs as against Rs. 1,592 lakhs thus marking a growth of 65.77% on a q-o-q basis. Total Comprehensive Income for Q1 FY23 was reported Rs. 1,471 lakhs against loss of 843 lakhs.

    The Consolidated financial results of the Company for Q1FY23 reported a Total Income of Rs. 9,859 lakhs. EBIDTA and Total Comprehensive Income for Q1FY23 was reported at Rs. 2,639 lakhs and Rs. 1,487 lakhs respectively.

    Commenting on the performance of the company Mr. Anjan Chatterjee, Chairman & Managing Director, Speciality Restaurants Ltd., said, “Company has been focused on taking strategic steps and implementing the learnings during COVID-19 period towards right sizing of the operations and focus on the delivery vertical has turned around the companys performance. Some tactical measures of cost controls and stream-lining business processes have led to rationalization of the costs which has resulted into savings resulting into improved profitability. We continue to focus on the cloud kitchen vertical with our established brands for the delivery business with low capital requirement and better return on investments. Establishing kitchen within kitchen in our existing restaurants has resulted into sweating of assets thus improving profitability. As the company is debt free, we will continue our expansion journey and provide best-in-class dining experience and delivery of hygienic food to our guests whilst creating value for all our stakeholders.”

    As on 31 March, 2022, the Company had a total of 80 Restaurants (including 11 Cloud Kitchens and 17 Franchisee) and 37 Confectionary stores across 13 cities in India, 2 in UAE. The company operated 1 restaurant in London under Joint Venture.

    The Company started operations of its “Chourangi” restaurant at 3 Old Quebec St. London WIH 7AF on October 7, 2021. Chourangi is the joint venture of Speciality Restaurants through its subsidiary, in the city of London. It promises to introduce Londons discerning food lovers to the unexplored cuisine of India – three centuries old and still evolving, bursting with taste and flavours that have never before been encountered in this city.

    The decor has also been carefully thought out and designed to capture the diversity of the city over centuries with the iconic Indian Coffee House feel of the Howrah Bridge Wallas the gate way to the city, the iconic Tolly Club and Bengal Club or the Royal Turf Club settings, louvre walls with a mix of jazz and Bengali light instrumentals in the background to set the mood for discerning diners to soak up the experience. The food offering is a culinary mix of street food and the heritage cuisine of the Sahibs/Mughals, with subtle influences of the French and British. Its Calcutta cuisine features adventurous new ingredients, flavours and cooking methods interwoven with 300 years of colourful history and stories giving the people of London an experiential taste of Calcutta.

    About Speciality Restaurants

    Speciality Restaurants is engaged in the business of operating restaurants and confectionaries with restaurants across India, Qatar, UAE and United Kingdom. The Companys Flagship Brand is Mainland China offering authentic Chinese cuisine. In a recent brand refresh and extension, the Company successfully introduced Asia Kitchen by Mainland China whose menu extends to Pan-Asian cuisine. The Core Brands are Oh! Calcutta offering light Bengali delicacies having presence of over 25 years. Sigree-Global Grill which features a melange of fresh, grilled flavours from all around the world like Mediterranean, Oriental, Spanish, Mexican and Indian cuisine with live grills on each table.

    “Gong Modern Asian” whose menu extends Sacred Chinese gongs are inscribed with the Mandarin Chinese characters called Tai Loi, which means, happiness has arrived. Gong-Modern Asian takes you to a new level of happiness with its high energy ambience that is a contemporary take on traditional Japanese temple architecture and diverse Asian flavours that are prepared using western cooking techniques and presentations. “Episode One” is one of a kind experiential bar and dining space in Powai, Mumbai. “BARishh” is a place that is vibrant and chic, with stunning decor, a splash of pop colours that spell youthful and comes a breath of fresh air… sip on some house-special gin concoctions and celebrate all things millennial with a touch of “ishh“. BARishh. “RIYASAT” is usually an Arabic word which means “Estate” or “Empire“. Infused with a contemporary Indian cuisine – Riyasat is a story woven through royal celebrations and victories and is inspired from the state homes of the royal families of the 19 century.

    The other Core Brand is Sweet Bengal confectionary featuring Bengali Sweets and Snacks, “Dariole” is a chain of Confectionary from the house of Speciality Restaurants, with offerings from our master bakers in the state of the art bakery creating little masterpiece with flours and ingredients sourced locally and Its Power Brands are Hoppipola, an all-day bar offering contemporary food, finger foods and bar nibbles and Cafe Mezzuna an all-day casual dining format serving continental dishes with Mediterranean, Moroccan, East Asian and Italian flavours.

    The Companys other Restaurant brands include Jungle Safari, Haka and Flame & Grill.

  • Speciality Restaurants Limited Reports Total Income of Rs. 9,859 Lakhs and PAT of Rs. 1,471 Lakhs for Q1FY23

    Quarter ended 30.06.2022 – Standalone Financial Results

    • Total Income at Rs. 9,859 lakhs

    • EBIDTA at Rs. 2,639 lakhs

    • Total Comprehensive Income Rs. 1,471 lakhs

    Speciality Restaurants Ltd., a leading fine dining restaurant operator with Mainland China, Asia Kitchen by Mainland China, Oh! Calcutta and Sigree-Global Grill as its key brands on standalone basis reported a Total Income of Rs. 9,859 lakhs for Q1 FY23 as against Rs. 7,932 lakhs in the corresponding quarter thus marking a growth of 24.29% on a q-o-q basis. EBIDTA for Q1 FY23 was reported at Rs. 2,639 lakhs as against Rs. 1,592 lakhs thus marking a growth of 65.77% on a q-o-q basis. Total Comprehensive Income for Q1 FY23 was reported Rs. 1,471 lakhs against loss of 843 lakhs.

    The Consolidated financial results of the Company for Q1FY23 reported a Total Income of Rs. 9,859 lakhs. EBIDTA and Total Comprehensive Income for Q1FY23 was reported at Rs. 2,639 lakhs and Rs. 1,487 lakhs respectively.

    Commenting on the performance of the company Mr. Anjan Chatterjee, Chairman & Managing Director, Speciality Restaurants Ltd., said, “Company has been focused on taking strategic steps and implementing the learnings during COVID-19 period towards right sizing of the operations and focus on the delivery vertical has turned around the companys performance. Some tactical measures of cost controls and stream-lining business processes have led to rationalization of the costs which has resulted into savings resulting into improved profitability. We continue to focus on the cloud kitchen vertical with our established brands for the delivery business with low capital requirement and better return on investments. Establishing kitchen within kitchen in our existing restaurants has resulted into sweating of assets thus improving profitability. As the company is debt free, we will continue our expansion journey and provide best-in-class dining experience and delivery of hygienic food to our guests whilst creating value for all our stakeholders.”

    As on 31 March, 2022, the Company had a total of 80 Restaurants (including 11 Cloud Kitchens and 17 Franchisee) and 37 Confectionary stores across 13 cities in India, 2 in UAE. The company operated 1 restaurant in London under Joint Venture.

    The Company started operations of its “Chourangi” restaurant at 3 Old Quebec St. London WIH 7AF on October 7, 2021. Chourangi is the joint venture of Speciality Restaurants through its subsidiary, in the city of London. It promises to introduce Londons discerning food lovers to the unexplored cuisine of India – three centuries old and still evolving, bursting with taste and flavours that have never before been encountered in this city.

    The decor has also been carefully thought out and designed to capture the diversity of the city over centuries with the iconic Indian Coffee House feel of the Howrah Bridge Wallas the gate way to the city, the iconic Tolly Club and Bengal Club or the Royal Turf Club settings, louvre walls with a mix of jazz and Bengali light instrumentals in the background to set the mood for discerning diners to soak up the experience. The food offering is a culinary mix of street food and the heritage cuisine of the Sahibs/Mughals, with subtle influences of the French and British. Its Calcutta cuisine features adventurous new ingredients, flavours and cooking methods interwoven with 300 years of colourful history and stories giving the people of London an experiential taste of Calcutta.

    About Speciality Restaurants

    Speciality Restaurants is engaged in the business of operating restaurants and confectionaries with restaurants across India, Qatar, UAE and United Kingdom. The Companys Flagship Brand is Mainland China offering authentic Chinese cuisine. In a recent brand refresh and extension, the Company successfully introduced Asia Kitchen by Mainland China whose menu extends to Pan-Asian cuisine. The Core Brands are Oh! Calcutta offering light Bengali delicacies having presence of over 25 years. Sigree-Global Grill which features a melange of fresh, grilled flavours from all around the world like Mediterranean, Oriental, Spanish, Mexican and Indian cuisine with live grills on each table.

    “Gong Modern Asian” whose menu extends Sacred Chinese gongs are inscribed with the Mandarin Chinese characters called Tai Loi, which means, happiness has arrived. Gong-Modern Asian takes you to a new level of happiness with its high energy ambience that is a contemporary take on traditional Japanese temple architecture and diverse Asian flavours that are prepared using western cooking techniques and presentations. “Episode One” is one of a kind experiential bar and dining space in Powai, Mumbai. “BARishh” is a place that is vibrant and chic, with stunning decor, a splash of pop colours that spell youthful and comes a breath of fresh air… sip on some house-special gin concoctions and celebrate all things millennial with a touch of “ishh“. BARishh. “RIYASAT” is usually an Arabic word which means “Estate” or “Empire“. Infused with a contemporary Indian cuisine – Riyasat is a story woven through royal celebrations and victories and is inspired from the state homes of the royal families of the 19 century.

    The other Core Brand is Sweet Bengal confectionary featuring Bengali Sweets and Snacks, “Dariole” is a chain of Confectionary from the house of Speciality Restaurants, with offerings from our master bakers in the state of the art bakery creating little masterpiece with flours and ingredients sourced locally and Its Power Brands are Hoppipola, an all-day bar offering contemporary food, finger foods and bar nibbles and Cafe Mezzuna an all-day casual dining format serving continental dishes with Mediterranean, Moroccan, East Asian and Italian flavours.

    The Companys other Restaurant brands include Jungle Safari, Haka and Flame & Grill.

  • Aditya Birla Fashion and Retail Posts Highest Ever Q1 Sales with 39 percent Revenue Growth over pre-COVID Levels; EBITDA Grew 51 percent over the Period to Rs. 500 Cr.

    Performance Highlights

    1. Momentum from H2 final 12 months continued in Q1 as client confidence improved main to visitors development throughout companies and channels.

    a. Revenue grew by 39% over pre-COVID ranges to Rs. 2875 Cr.

    2. Q1 Consolidated EBITDA for the quarter elevated to Rs. 500 Cr.

    a. Robust efficiency throughout classes led to 51% development in EBIDTA over pre-COVID ranges

    i. EBITDA Margin expanded by 130 bps over pre-COVID ranges to attain 17.4% in Q1 FY23

    3. Continued enlargement throughout markets and manufacturers

    a.Small-town codecs continued to present promising outcomes with a community of greater than 500 shops;

    b. Pantaloons launched new personal label manufacturers to cater to evolving client wants

    4. Accelerated E-commerce and Omni-channel play

    a. E-commerce gross sales grew 56% YoY

    b. Omni-channel community has been expanded to greater than 1600 shops, and is considered one of the largest in the nation.

    Financial Performance

    The Board of Directors of the Company, at its assembly right now, accredited the outcomes for the quarter ended 30th June 2022. These financials are publish factoring in vital changes beneath Ind AS 116.

    Consolidated Financials – Q1

    (*39*)

    In Rs. Cr.

    Q1 FY20

    Q1 FY22

    Q1 FY23

    Growth %

    (vs. LY)

    Growth %

    (vs. Q1 FY20)

    Revenue

    2065

    812

    2875

    254%

    39%

    EBITDA

    332

    -145

    500

    51%

    PAT

    22

    -352

    94

    338%

    A pointy restoration in demand throughout classes and sturdy choice for our portfolio of manufacturers led to a strong quarterly efficiency. Aggressive retailer enlargement, accelerated E-commerce and omni-channel play have been key drivers of development in the quarter.

    Each of the enterprise segments posted a powerful efficiency.

    • Lifestyle manufacturers – Revenues grew 51% over pre-COVID ranges to Rs. 1519 Cr., whereas EBITDA grew 40% to Rs. 266 Cr., on the again of retail L2L development of 29% over FY20 and aggressive enlargement of retail shops. E-commerce enterprise grew greater than 50% YoY. Small city format and informal put on enterprise continued to present sturdy development.

    • Pantaloons – Business achieved highest-ever Q1 revenues of Rs.1027 Cr, whereas EBITDA grew 33% over pre-COVID ranges. The E-commerce channel grew by 70% YoY, with sturdy traction on personal channel due to enhanced buyer expertise and engagement.

    • Other companies –

    • Inner put on & athleisure section achieved highest-ever quarterly income pushed by community enlargement and sturdy E-commerce development. Business continued to develop commerce community with addition of approx. 2000 new commerce shops to exit the quarter with approx. 29000 shops.

    • Youth Fashion section consisting of American Eagle and Forever 21, continued to present sturdy development. American Eagle gross sales is now nearly thrice of pre-COVID ranges and is swiftly establishing itself as a premium denim put on model. Growth was additionally pushed by distribution community enlargement with 5 new shops being added throughout the quarter.

    • Super premium manufacturers, comprising of The Collective and Mono manufacturers is considered one of the quickest rising companies with income greater than 2 occasions of pre-COVID ranges.

    • (*51*) companies additionally confirmed sharp development as income is 2.7 occasions Q1 FY22 with scale coming from each community enlargement and class extensions. Tasva added 6 new shops to the community to exit the quarter with 12 shops. For Sabyasachi, income grew by 160% over pre-COVID ranges.

    Outlook

    Improved client confidence, worth migration to the organized sector, and sturdy omnichannel presence led to sturdy development and improved profitability. We count on this momentum to proceed in upcoming quarters, with an additional increase throughout the festive season. ABFRL will proceed to spend money on strengthening our model propositions and drive gross sales through each bodily and on-line shops. We are assured of the long-term prospects of the Indian Apparel sector and stay targeted on delivering sturdy, constant, worthwhile development.