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TVS SCS Q4 Net Profit at 5.4 Cr

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TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced its consolidated unaudited financial results for the fourth quarter and full year ended 31st March 2024. The Company reported Profit After Tax of Rs. 5.40 Cr for the quarter ended 31-March-2024 as against the loss of Rs. 9.4 Cr in Q4 FY 23.

ISCS segment with quarterly revenue of Rs. 1379.5 Cr continued its growth trajectory with 8.4% QoQ growth and 9.9% YoY. This growth was driven through a combination of new customer additions, encirclement (additional wallet share with existing customers) and through continued diversification of sectoral base of customers. During the quarter, key new business wins included an Indian OEM in Commercial Vehicle space, a Defence Contractor in the UK and a leading Water utility services company in the UK. EBITDA margin for ISCS in the current quarter was 9.6% an YoY increase of 40 bps.   

For Q4 FY 24, on a consolidated basis revenue stood at Rs. 2426.3 Cr reflecting 9.2% growth on Q-o-Q and 4.5% growth on Y-o-Y basis. The normalization of freight rates and continuous growth in the ISCS segment have helped achieve this topline growth. 

For the full year, the consolidated revenue was at Rs. 9200 Cr which was lower by Rs. 794 Cr., compared to that of FY 23 mainly due to global trade cycle challenges in NS segment which was compensated by additional business from ISCS segment. The adjusted EBITDA increased to Rs. 710.2 cr, a growth of 3.7%. While the operating margins improved, the company reported loss after tax (before exceptional items) for the year at Rs. 31.3 Cr compared to profit (before exceptional items) of Rs. 57.7 Cr in the previous year, mostly driven by the effect of very high interest costs in the first two quarters. The company returned to profit in Q3 with its turnaround performance through consistent growth in ISCS segment and the Network Solutions reflected stability in Q4. It also reduced debt to the tune of Rs. 1,195 cr.

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Adani Foundation inaugurates a Medical Centre at Sanghipuram on Chairman’s birthday

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Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, along with the Adani Foundation, is proud to mark the birthday of Shri Gautam Adani, Chairman – Adani Group, with the inauguration of Adani Medical Centre at its Sanghipuram plant, Gujarat. The Centre is fully equipped to provide basic healthcare facilities to the residents of remote villages in Abdasa and Lakhpat blocks, who had never benefitted from access to such facilities until now.

The Medical Centre comes equipped with a team of doctors, dedicated paramedical staff, and features an emergency trauma room with all the necessary diagnostic facilities such as defibrillator, ECG machine, oxygen concentrators, male and female wards, and a laboratory for conducting various blood and lipid profile tests. It also keeps a stock of a variety of anti-venom injections, emergency treatment for snake bites – a common occurrence in the region.

Adani Foundation also distributed tricycles and wheelchairs to 15 disabled individuals, conducted a tree plantation drive at the Sanghipuram colony, along with a generous celebration at the Kamla Rani Public School.

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The Iconic Nokia 3210 makes comeback in the Indian markets with YouTube & YouTube Music

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HMD announced the relaunch of the legendary Nokia 3210, marking the 25 years’ anniversary of its original release. The iconic phone that defined a generation is back in the Indian markets, and is available in three bold and nostalgic colors: Scuba Blue, Grunge Black, and Y2K Gold.In a world where digital detoxing is becoming increasingly popular, the Nokia 3210 offers a perfect solution for those looking to disconnect from the endless stream of social media, internet, and apps. Additionally, the Nokia 3210 features a preloaded UPI application approved by the National Payments Corporation of India (NPCI), enabling seamless scan-and-pay functionality and replicating the familiar smartphone payment experience.

Nokia 3210 unlocks the world of YouTube, YouTube Music and in addition it has a comprehensive suite of eight apps, Weather, News, Sokoban, Cricket Score, 2048 Game, and Tetris, are also present in the phone. People who have already bought these devices would still be able to access YouTube Music starting 20th June.

Commenting on the development, Ravi Kunwar, VP, India & APAC, HMD said, “The Nokia 3210, a cultural icon, is back as consumers seek to balance screen time with a digital detox. Nokia 3210 isn’t just a phone; it’s 2024’s fun phone. The original Nokia 3210 holds a special place in many hearts as one of the best-selling mobile phones ever. The reimagined Nokia 220 4G also sports a large 2.8-inch IPS display and has UPI applications preloaded and approved by the National Payments Corporation of India (NPCI), replicating the smartphone experience for seamless transactions. The Type-C charging port offers effortless and universal charging, designed for durability to withstand frequent use making it a reliable companion for today’s users. Nokia 220 4G comes in Peach & Black Color.

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EverEnviro’s CSR Initiatives Uplifting Communities with a Focus on Education, Healthcare, and Sanitation

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EverEnviro Resource Management Pvt. Ltd., India’s leading compressed biogas/RNG developer, has launched significant community programs with initiatives focused on ensuring access to education, sanitation, and healthcare. Aiming to enhance the quality of life for less privileged communities across Punjab, Delhi, Uttar Pradesh, and Madhya Pradesh, EverEnviro’s CSR initiatives have touched upon over 3,500 lives so far.

Over the past few months, EverEnviro has conducted a series of health camps across its project locations in Burari & Ghazipur (Delhi), Indore (MP), Balrampur, and Kumbhi (UP), catering to individuals across all age groups. These camps provided essential services such as eye check-ups, monitoring of blood pressure and blood sugar levels, as well as ECG, cholesterol, and creatinine tests. The initiative resulted in 460 beneficiaries receiving crucial healthcare support.

Stressing the need to support rural communities to achieve a higher standard of living, Mr. KA Chowdary, Chief Project and Operations Officer, EverEnviro Resource Management Pvt. Ltd., said, “At EverEnviro, we believe in the ethos of giving back to the community and are committed to leaving a lasting impact on the communities we serve. Through our CSR programs focused on healthcare, education, and sanitation, we aim to improve the lives of school children, residents, and senior citizens.”

In another initiative, the team planted over 1,000 trees in schools and local parks across Balrampur and Indore. Moreover, to provide clean water access to less advantaged people, EverEnviro distributed water coolers and RO systems to government schools, old age homes, and temples, ensuring the well-being of the communities.

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