Saturday, July 31, 2021

Sunteck Realty Limited announces financial results for Q1 FY22

Pre-sales grows by 74% yoy to Rs 176 cr

    • Collections grows by 165% yoy to Rs 172 cr
    • Revenue grows by 69% yoy to Rs 93 cr
    • EBITDA grows by 32% yoy to Rs 21 cr
    • Gross operating surplus cash flow of Rs 32 cr generated during the quarter leading to sustained low net debt/equity

Sunteck Realty Limited, Mumbai’s luxury real estate developer, announced its Q1 FY22 financial results.

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Operational Data

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P&L Statement

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Commenting on the Q1 FY22 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “In this transformational environment, we remain focused on execution of our existing portfolio – reflected in construction and collection progress of our various projects. We continue to maintain our balance sheet strength, complimented by prudent cash flow management.

Presently, we are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The industry consolidation has already resulted in 3 new project acquisitions for us at Vasai, Vasind and Borivali in MMR. Going forward, we expect to leverage our brand franchise and management expertise to continue to evaluate new growth opportunities and thereby increasing our overall market share.

A key to our strong operational performance is being a dominant developer in each of the micro-markets and housing segments we are operating.  Additionally, the focus on our core strength of sales & marketing and in-house construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward.”


About Sunteck Realty

Sunteck Realty Limited (SRL) is one of the fastest growing Mumbai-based luxury real estate development companies. SRL has an immaculate track record of having one of the lowest net Debt/Equity ratios, financial prudency and sustainable growth. The company focuses on a city centric development portfolio of about 38 million square feet spread across 19 projects. Sunteck Realty has differentiated its projects under five brands - ‘Signature’: Uber luxury residences, ‘Signia’: Ultra luxury residences, ‘Sunteck City’: Premium luxury residences, ‘Sunteck World’: Aspirational luxury residences, ‘Sunteck’: Commercial & Retail developments. The company has been a trendsetter in creating iconic destinations such as the flagship project, Signature Island at Bandra Kurla Complex (BKC), Sunteck City in Oshiwara District Centre (ODC), Goregaon and SunteckWorld at Naigaon - the largest township of MMR’s western Suburbs.


Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Sunteck Realty Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Blue Dart gives good results amid pandemic

Blue Dart announces Q1 financial results with sales clocking in at ₹8,648 million


Mumbai, July 30 2021: Blue Dart Express Limited, South Asia's premier express air and integrated transportation & distribution company, declared its financial results today for the quarter ended June 2021, at its Board Meeting held in Mumbai today.


The company posted ₹ 294 million profit after tax (previous year corresponding quarter loss of ₹1,279 million) for the quarter ended June 30, 2021; Revenue from operations for the quarter ended June 30, 2021 stood at ₹8,648 million.


Performance Highlights: Q1 FY2022 vs. Q1 FY2021 STANDALONE

  • Revenue from operations of ₹8,648 million, growth of 109% YOY
  • EBITDA of ₹892 million compared to ₹ -1160 million in Q1 FY2021
  • EBITDA margin at 10.24% compared to -27.86% in Q1 FY2021
  • PAT of ₹294 million compared to ₹ -1279 million in Q1 FY2021
  • EPS at ₹12.38 as compared to ₹-53.92 in Q1 FY2021


Performance Highlights: Q1 FY2022 vs. Q1 FY2021 CONSOLIDATED

  • Revenue from operations of ₹8,662 million, growth of 108% YOY
  • EBITDA of 1,657 million compared to ₹-399 million in Q1 FY2021
  • EBITDA margin at 18.98% compared to -9.52% in Q1 FY2021
  • PAT of 313 million compared to -1,258 million in Q1 FY2021
  • EPS at ₹13.18 as compared to ₹-53.04 in Q1 FY2021


Balfour Manuel, Managing Director, Blue Dart says, “I am pleased to announce that the Blue Dart brand continues to stand out and delivered good results during the first quarter of the new financial year. Against the backdrop of the second wave of the pandemic and as we battle several new variants, Blue Dart’s business continues to remain agile and adaptive to the changing external environment. Our results mirror a recovering economy that is increasingly trusting the digitalization process and a sustainable eCommerce boom - we benefit strongly from both.”  


Speaking about the business outlook, he says, “In the last quarter, Blue Dart’s innovation and customer centricity propelled further, as we continued to support the nation in its battle against COVID-19. Blue Dart Med-Express Consortium, will signify a new chapter in the newly digitalized logistics space, using drones to guarantee efficiency, reliability and wider reach. We even continued to leverage our market – differentiating Boeing 757-200 freighters to move oxygen concentrators, vaccines and other critical COVID relief material not only in the Indian terrain but also internationally. Support to our customers during their most challenging times, with our resilient first, middle and last – mile solutions, has ensured that we remain their preferred logistics partners.”  


Commenting about the sustainability initiatives at Blue Dart, he says, “Under our credo, Connecting People, Improving Lives, the organization has set in motion a number of technological initiatives that will drive green logistics and ESG which is an integral part of Strategy 2025. Leveraging its digital footprint, the organization has reduced its dependence on paper and has also been consistently planting 1,00,000+ trees each year. The organization has set precedent well within its first quarter of the financial year 2021-22 by continuing to be a Provider of Choice, Employer of Choice and Investment of Choice for all its stakeholders.”


Elaborating further, Balfour Manuel says“The outlook for the year remains cautiously optimistic, amid impending third wave predictions that could impact the economy. Accelerating the use of future-ready sustainable tech-based solutions, as part of the DPDHL Group; the organisation is committed towards achieving two important goals: Mission 2050 – Zero Emissions and Strategy 2025 – Delivering Excellence in a Digital World.”

Q1 FY 2022 performance was impacted by the second wave of the COVID-19. Localised lockdowns during the second wave kept economic activity from stalling to levels similar to those during 2020 which impacted movement of goods. 10 states that have been hit the hardest by the second wave, collectively accounted for more than 60% of the pre-pandemic level of India's GDP. Manufacturing PMI and GST collections were also low during the quarter.


Blue Dart was better prepared to mitigate the pandemic impact on the business and operated every single day. As a result, the Company could achieve robust Revenue from Operations of ₹8,648 million during the quarter under review, a resilient financial performance despite very challenging market conditions. The company was able to successfully implement GPI with its customers.


The company, known for its reliable, responsive and resilient customer service team, continued to deliver superior customer experience through its service quality despite restrictions and lockdown measures which was highly appreciated by the customers. The Company carried 51.22 million shipments (last year 15.54 million shipments) weighing 1,84,431 tons (last year 90,188 tons) during the quarter.


The Company achieved EBITDA of ₹892 million with EBITDA margins of 10.24%. Due to the second wave of the pandemic and restrictions in movement, EBITDA margins was impacted on sequential basis primarily due to lower utilization levels and increase in employee costs due to merit increase. Volatility in foreign exchange rates specifically in Euro during the quarter also had impact on profitability due to ROU liability being M to M under IND AS 116. Profit after Tax stood at ₹294 million with a margin of 3.37%.


The organisations commitments of being a ‘Great Company to Work for’ All and a ‘Highly Trusted Company’ with a keen focus on Diversity & Inclusivity remains unfaltering. Blue Dart has always believed in providing equal employment opportunities to all those who are willing to contribute towards the brand’s success. The express logistics provider is keen to leverage the strengths of a diverse workforce and recognise, reward and include exceptional thought diversity. In order to safeguard employee interests, especially that of frontliners Blue Dart conducted an Internal Vaccination Drive that ensured 100% of teams are vaccinated with the first dose of the vaccine against COVID-19. 


About Blue Dart:

Blue Dart Express Ltd., South Asia's premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 35,000 locations in India. As part of Deutsche Post DHL Group’s DHL eCommerce Solutions division, Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries & territories, and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions, customs clearance etc.

The Blue Dart team drives market leadership through its motivated people, dedicated air and ground capacity, cutting-edge technology, a wide range of innovative, vertical-specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart's market leadership is further validated by its position as the nation’s most innovative and awarded express logistics company for exhibiting reliability, superior brand experience and sustainability which include recognition as one of ‘India's Best Companies to Work For’ by The Great Place to Work® Institute, India, ranked amongst ‘Best Multinational Workplaces in Asia’ by The Great Place to Work® Institute, Asia, voted a ‘Superbrand’ and ‘Reader’s Digest Most Trusted Brand’, listed as one of Fortune 500’s ‘India's Largest Corporations’ and Forbes ‘India's Super 50 Companies’ to name a few.

Under the DHL Group motto of “Connecting People, Improving Lives”, we focus our corporate responsibility under three pillars - GoTeach (Championing education), GoGreen (Protecting the environment) and GoHelp (Structures engagement with communities & Disaster management response).

Kansai Nerolac Paints Ltd Announces Q1 Results FY 2021-2022

Mumbai, July 30, 2021: Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its unaudited results for the first quarter of financial year 2021-22. For the quarter, the company declared Net revenue of         Rs.  1301.2 Crores, a growth of 117.6 % over the corresponding quarter of the previous year.


EBIDTA was at Rs. 187.1 Crores, a growth of 132.4 % over the same quarter of the previous year. PAT was at Rs 118.7 Crores, a growth of 177.8 % over the same quarter of the previous year.


Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “The quarter began on an extremely positive note. With the announcement of the lockdown across several states towards the end of April, demand was once again affected across both Decorative and Industrial in April and May. In June there was a revival in Decorative demand once the restrictions eased. Industrial demand continued to be impacted.

Continuing the trend of earlier quarters, raw material prices further hardened resulting in extremely high inflation coupled with tightness in supplies. Forex markets continued to be volatile. The company has partly increased prices in Decorative. In Industrial, also the company has increased prices and is making sustained effort to obtain price increases to offset the impact of inflation.

The company focused on selling a better product mix. It continued with the aggressive cost control program and judicious management of overheads. It is because of these steps that the drop in EBITDA has been contained.

Looking forward, with the vaccination program underway and a forecast of a good monsoon, demand should recover. Company would be aggressive in seeking price increases.


Outlook of Indian Paint Industry:


The size of domestic paint industry is estimated at around Rs. 55000 crores as of March 2021. The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

About Kansai Nerolac Paints Ltd:


Kansai Nerolac Paints now in its 101st year has been at the forefront of paint manufacturing pioneering a wide spectrum of quality paints. Kansai Nerolac is one of the leading paint company in India and is the leader in Industrial paints, having a Net turnover of Rs. 4690 crores (FY 2020-21). The company has six strategically located manufacturing units all over India and a strong dealer network across the country. The company manufactures a diversified range of products ranging from decorative paints coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries. Please visit

Friday, July 30, 2021

Group Satellite introduces the ReservedSky Residences at Goregaon project

 ~Satellite Elegance maximizes your living spaces with exceptional views~


Mumbai, 29th July 2021: Group Satellite, one of Mumbai’s prominent developers introduce the gripping ReservedSky Residences at their Satellite Elegance project located in the ever-transforming and bustling suburban region of Goregaon in Mumbai. The ReservedSky residences start from the 25th floor, priced at 1.49cr onwards. The residences offer buyers more private space than any other upcoming projects at the intersection of the location like Goregaon. The project changes the architectural visions, seeking to create luxury high-rises with beautiful garden in the sky making the great outdoors accessible for Mumbai people.


Located close to the iconic Goregaon Film city area, Satellite Elegance comprises of premium residences for today’s urbane and sophisticated citizens; where every little detail has been designed to fit your lifestyle, your culture and your values. The homes are intelligently designed with lots of open spaces, fresh air, spectacular views of the Mumbai skyline and amenities that will help you reconnect with your friends, family, health and yourself. The project that provides expansive open spaces, landscaped green zones, endless security and an uber-cool living experience is the epitome of luxury. Satellite Elegance offers you, along with a host of other USPs, aesthetically designed, spacious 1 & 2 BHK apartments that are crafted with exquisiteness to make a statement.


Commenting on the launch, Mr. Himanshu Jain – VP - Sales, Marketing & CRM, Satellite Developers Private Limited (SDPL), “Nowadays people are spending more time with their family and seeking a home that offers safety and security, but also an effortless lifestyle which we aim to provide with this project. The ReservedSky Residences are packaged with unparalleled features making it stand apart from its counterparts. The strategic location of these premium residences makes it close to the major landmarks in the city, thus making it the most sought after residential project in the area. Apart from the excellent views that the project offers, one can experience tranquility and health benefits of living close to the nature ensuring a comfortable and relaxed life.”


The apartments at Satellite Elegance are equipped with world-class amenities which include swimming pool and sports amenities that would help you stay active and agile. Satellite Elegance opens a larger horizon for the residents with a large open roof, where one can sit, relax gaze into the beautiful city skyline. Kids can also enjoy a good time in the children’s play area, which comprises of various fun filled games and activities. The clubhouse brings several indoor games and a number of other features that would keep you away from getting bored. The project is protected round the clock with advanced security systems, power back-up and 24/7 water supply.


Goregaon (E) boasts of great connectivity, convenience and charm making it one of the most prominent residential and commercial hubs that most property buyers are now moving towards. The suburb is a perfect match, not just in terms of location but also accessibility to workplace, premium amenities, infrastructure and value for money. With homes designed in a way to bring space into the life of people who rue the lack of it, Satellite Elegance embodies the idea of convenience through its location which is minutes away from the best of educational institutes, shopping plazas, commercial hubs, healthcare center and restaurants. The project is located on the Film City road that overlaps with the proposed the 12.7-km long Goregaon – Mulund Link Road (GMLR), a six-lane road, of which 4.7 km will be a twin tunnel road running underneath the SGNP. The GMLR once completed will connect Film City in Goregaon with Mulund, shortening the journey that currently takes over an hour to less than 15 minutes. The proposed Phase- II of the Mumbai Metro too is further expected to make commute smoother for residents travelling to and from the city.

Luxurious Armchairs by The Great Eastern Home

 Add a touch of class to your home with one of The Great Eastern Home's "must-have" armchairs. An armchair, as the name implies, is a one-of-a-kind piece that adds comfort and complements a room. It serves as a decorative element in a room. The Great Eastern Home armchairs are both well-designed and eye-catching, making a subtle statement that is a reflection of your taste. They are smooth and solid, comforting, with a royal touch and full of luxury.

Each style can completely transform your home or simply create a new look for a bedroom or living room. Each style, from Colonial to Oriental to Contemporary, has its own distinct signature, and a few well-chosen, strategically placed pieces will transform your home: not just the aesthetics, but your lifestyle, with that ineffable touch of class and grace that distinguishes you.

An armchair is a natural addition to a well-furnished sitting room that adds to the space's character. The frame is extended and the arms are integrated with the frame for the armchair, allowing the back to flex while maintaining the strength and simplicity of The Great Eastern Home collection.

When you see an armchair that stands out in a living room, it is almost certain that the chair was custom built at The Great Eastern Home. One thing is certain: you and your family will treasure these lovely pieces, which will delight future generations as timeless heirlooms.

Price: On Request

Celebrate this holy month of Shravan with Shemaroo Bhakti’s Shravan special songs by Anuradha Paudwal & Shankar Mahadevan

~To release ‘Mahamrutunjay Mantra’ and ‘Shiv Aarti’ among other songs dedicated to Lord Shiva~

Mumbai, 30th July 2021: With the onset of Shravan, one of the holiest months in the year as per the Hindu calendar, Shemaroo Bhakti has lined up a new series of Shravan special songs to keep the devotional spirits high. These songs are a combination of ‘Mahamrutunjay Mantra’ and ‘Sanjeevani Mantra’ rendered by renowned singer, Shankar Mahadevan along with Shiv Aarti and Amrit Wani in the magical voice of Anuradha Paudwal. The music for these songs is composed by Music Maestro, Dr. Sanjayraj Gaurinandan.

The devotional segment has been one of the focus areas for Shemaroo and it aims to expand the market by connecting different consumers to this category. As a step towards this direction, Shemaroo has introduced this new series of Shravan special songs dedicated to Lord Shiva.

Commenting on the new series of Shravan special songs, singer, Shankar Mahadevan, said, “I am delighted to be a part of this series and also to associate with a brand like Shemaroo that has been an integral part of India’s M&E eco-system for over 5 decades. I thoroughly enjoyed recording the ‘Mahamrutunjay Mantra’ and ‘Sanjeevani Mantra’ and I am sure that the consumers will love it too.”

Singer Anuradha Paudwal further added, “I love singing devotional songs. After starting my journey as a devotional singer, there was no looking back at playback singing. The positive impact it has on people’s minds is what drew me towards it. I am happy to know that Shemaroo has taken this step and making devotional songs accessible to a wider audience.”

Devotional music is one genre that has shown no decrease in popularity in India. The demand has only increased owing to the pandemic affecting the mental wellbeing of people. The introduction of this new series of Shravan special songs by Shemaroo and rendered by some of the celebrated artists of all time is surely going to resonate with the consumers.

Shemaroo has been investing in content and production value in a big way. Shemaroo Bhakti Studio which was launched a couple of years ago is a testimony to that which offers a unique platform to aspiring talents and helps them establish their presence in the contemporary devotional space. 

The new series of Shravan special songs will be available on the following Shemaroo Bhakti platforms.

·        Shemaroo Bhakti Mobile App: Download from Google Play Store and App Store

·        Shemaroo Bhakti Facebook Page:

·        Shemaroo Bhakti YouTube Channel:

Kaspersky and Airtel join forces to make online journeys more secure for customers

30 July 2021


Airtel customers now purchase Kaspersky security solutions for PC and Smartphones via Airtel Thanks app


Global cybersecurity company Kaspersky has partnered with Bharti Airtel (“Airtel”) – India’s premier communications solutions provider, to ensure instant security for internet users in India.


The collaboration between the two companies will allow Airtel customers to purchase Kaspersky Total Security solution directly from the Airtel Thanks app in a matter of few clicks. What’s more! Airtel customers also enjoy exclusive deals on these advanced solutions from Kaspersky.


Airtel customers simply need to download the latest version of Airtel Thanks app> Go to ‘Shop’ section> Go to lifestyle offers> Click on the Kaspersky banner and get started. Airtel Thanks also enables seamless payments through cards, net banking and UPI.     


The alliance is formed with the aim to increase the cybersecurity awareness amongst Indian internet users and encourage them to practice cyber safety in the wake of growing cyberthreats.


Cyberthreats are constantly evolving and cybercriminals in the past 2 years have been actively targeting internet users in India. In the first quarter of 2021 Kaspersky products detected 37,650,472 different Internet-borne cyberthreats. Mobile users are also at risk as cybercriminals are constantly targeting them for financial gains, as well as to obtain important private data. Mobile threats in India have drastically increased since 2019 and are becoming more targeted and sophisticated in nature. India ranked 7th amongst the countries attacked with Mobile Threats in 2020.


The top mobile threats targeted at the smartphone users globally were, Adware which topped the list with 57% (3,254,387 detections).Talking about the other threats, the number of backdoors detected almost tripled from 28,889 in 2019 to 84,495 in 2020. The number of detected Android exploits increased seventeen fold, and the number of Trojan- Proxy threats had increased by twelve times. Kaspersky solutions detected 156,710installation packages for mobile banking Trojans in 2020, which is twice the number of attacks detected in 2019. However, a decline in ransomware trojans was witnessed as we found 20,708 installation packages for ransomware Trojans in 2020, a decrease of 3.5 times as compared to the previous year.


Eugene Kaspersky, CEO of Kaspersky, said: “We’re very much looking forward to supporting Bharti Airtel, the leading global telecommunications company and one of the biggest mobile service providers, in its goal to protect their users, create a more secure internet, and build a safer digital world together with Kaspersky. I’m convinced that this partnership will further contribute to establishing Airtel as an innovational pioneer and a leader in its industry."


Pradipt Kapoor, CIO, Bharti Airtel said: As customer lifestyles become increasingly integrated with digital platforms, it becomes paramount for all of us to secure these journeys with the right solutions. Airtel is working round the clock to deliver a secure network experience through world-class infrastructure and partnerships. We are delighted to partner with Kaspersky and make their solutions easily accessible for Airtel customers, who can purchase and install these in a matter of minutes and enjoy complete peace of mind.”    


“Malicious apps, to spyware, mobile banking trojans, adware, phishing attacks, ransomware attacks, etc, are some of the most risky threats that a smartphone user has to be safe and secure from at all times. In a time when data privacy has become one of the most supreme criteria of our lives, smartphones become the greatest and most important source of our personal and sensitive data. Keeping this in mind, protecting our phones from the various online threats should be our highest priority. The first and the easiest step towards practicing cyber safety is by installing a reliable security solution to our devices. Increasing our cyber maturity and being aware of the constantly evolving threats is also the responsibility of an online user, in order to protect themselves from the nefarious cybercriminals”, said Mr. Dipesh Kaura, General Manager, Kaspersky (South Asia).



Mr. Dipesh added, “Our association with Airtel is not only a strategic business partnership for us, but is also an important collaboration in order to increase cyber awareness amongst the growing number of smartphone users, who also may be potential targets of cybercriminals. With an affordable and accessible internet connection available today, we have opened our gates to a great digital future, and we have taken yet another step towards securing this digital future with the help of Airtel. We look forward to our association with them, and hope to instil an increased sense of cyber awareness amongst Indian users as much as possible”.


Through this association with Airtel, Kaspersky looks forward to a positive reaction from the users, and hopes to encourage them to take a step forward towards securing themselves. Both the companies are trying to ensure instant security to the users and contribute towards making Digital India a lot more safe and secure.


Consumers can now conveniently avail of Kaspersky Total Security solution on the Airtel Thanks app and move closer to achieving cybersecurity.



About Kaspersky:

Kaspersky is a global cybersecurity company and digital privacy founded in 1997. Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialised security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky technologies and we help 240,000 corporate clients protect what matters most to them. Learn more at


About Airtel

Headquartered in India, Airtel is a global communications solutions provider with over 471 mn customers in 18 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and cloud based communication. For more details visit