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Tag: Exhicon

  • Exhicon Events Media Solutions Ltd (EMSL) Announces Stellar FY24 Results

    Exhicon Events Media Solutions Ltd (EMSL) Announces Stellar FY24 Results

    Mumbai 27th May 2024 – Exhicon Events Media Solutions Ltd, An EXHICON Group Company, listed on the BSE has announced its outstanding financial results for the fiscal year 2023-2024. 

     

    The company’s exceptional performance highlights its financial strength, operational excellence, and unwavering commitment to innovation, sustainability, and value creation for its stakeholders.

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    The results for FY 2023-2024 reflect the company’s strategic initiatives and dedication to maintaining a leadership position in the exhibitions and events industry. The company in the last one year has successfully acquired seven businesses and committed to driving innovation, promoting sustainability, and delivering superior value to its stakeholders.

     

    Financial Highlights for FY 2023-2024:

     

      • Revenue Growth: EMSL achieved a remarkable 48.84% increase in business revenue, soaring from INR 59.87 Cr in FY 2022-2023 to INR 89.12 Cr in FY 2023-2024
      • EBITA: EBIDTA of FY 24 is up at INR 20.12 Cr, against the EBIDTA of the FY 23 at INR 13.80 Cr
      • Consolidated Profit After Tax (PAT): The PAT is up from INR 9.16 Cr in FY 23 to INR 14.22 Cr in FY 24, up by 66 bps indicating improved efficiency.
      • Standalone Sales: Standalone sales experienced a rise of 9.43%, increasing from INR 38.23 Cr in the previous fiscal year to INR 41.84 Cr.
    • Standalone PAT: Standalone PAT also saw a 9.2% growth, climbing from INR 5.78 Cr in the last fiscal year to INR 6.31 Cr.

     

    PAT margins after minority interest are up by 66 bps as EMSL presently owns only 51% of Maple Heights Business Centre LLC. EMSL intends to increase the holding to 76%.

     

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    Highlights

    • Standalone revenue increases 9.43% after restructuring, would have grown 20% without the effect of restructuring
    • Standalone SGA by 50 bps due to higher investment in salaries and increased office presence
    • Standalone PAT margins down by 4 bps only. Would have increased by 30-50 bps, however, some government related business moved to FY25 due to announcement of the general election

     

    Analysis

    EMSL completed its internal structuring in H2 FY24 wherein:

    • The business serving end clients/exhibitors/brands was moved to its 99% subsidiary Digiglobe Advertising.
    • The overseas business was moved to its 51% subsidiary Maple Heights LLC Dubai.
    • Venue related and business focused on serving event/exhibition organizers were retained in EMSL

    As part of restructuring

    Top-line of INR 4.2 Cr/PAT 0.67 Cr was moved to Digiglobe in H2 FY24.

    Top-line of INR 5.3 Cr/PAT 0.93 Cr was moved to Maple Heights LLC in H2 FY24 resulting in reduction of INR 9.5 Cr of revenue and INR 1.6 Cr PAT from standalone numbers to its subsidiaries in H2 of FY24.

     

    The adjusted H2 of FY24 figures for EMSL standalone adjusted to effect of restructuring would have been approximately INR 27.2 Cr sales and INR 3.96 Cr PAT in H2 FY24.

    The adjusted Full year FY24 figures for EMSL standalone, adjusted to effect of restructuring would have been approximately INR 50.24 Cr sales and INR 7.90 Cr PAT.

    The effect of shift of revenue and PAT from EMSL to Digiglobe is largely neutral as the same is 99% consolidated. However, the effect of shift of revenue and PAT from EMSL to Maple Heights is neutral for revenue but only 51% of PAT is consolidated leading to lower PAT percentage.

  • Exhicon rises market cap to 100 Cr within five days of listing

    Exhicon rises market cap to 100 Cr within five days of listing

    Exhicon Events Media Solutions Ltd’s market capitalisation has risen to almost 30 percent making it to reach 100 Cr mark within five days after listing its stocks on the BSE SME, making it to the highest among all other SME IPO’s listed in last four days in the category.

    The stock has been performing to the expectations of the investors from the day of the listing.

    The BSE SME stock had locked-in at 5 per cent upper circuit on the opening day and has been hitting upper circuit since then.

    The SME stock opened at Rs 64 per share on BSE but attracted buying interest post-listing and first hit an intraday high of Rs 67.20 per share, locking in at a 5% upper circuit on the listing date. The stock opened next day and again hit an upper circuit within a few seconds of the opening bell as no seller was available for the stock available at Rs 70.56 per share. Shares of Exhicon Events Media Solutions closed at Rs 77.78 on Thursday and at Rs 73.90 on Wednesday. About 15.46 lakh shares of the company had changed hands at the counter.

    The upper circuit applicable for today is pegged at Rs 85.74 each share on the stock exchange.

    Exhicon Events Media Solutions provides a comprehensive range of products and services to the exhibitions, conferences, and events industries. The company’s solutions range from media to integrated marketing solutions, temporary to permanent event infrastructure, and management to organising. The company offers turnkey event and trade fair construction for B2B and B2C fairs and events for small to large graphs. It also assists its clients in obtaining the necessary permissions and licenses for the events.

    The company’s clients are various state governments, domestic associations, and international clients. It also provides services to various domestic trade show organisers.

  • Exhicon Events becomes a public company.

    Exhicon Events becomes a public company.

    Industry Veterans P. Uday Kumar, Sushil Shah, Raminder Singh, Hussein Ahmed join the new board

    Press Release

    Mumbai: 5th January, 2023

    Exhicon Events Media Solutions Limited (formerly Exhicon Events Media Solutions Pvt Ltd) has turned into a public company, the leading Indian multinational MSME and India’s only end to end Exhibitions and Events Services today announced expansion of members to its board of directors.

    The newest members on the board are P. Uday Kumar, former Managing Director of National Small Industries Corporation Limited (NSIC), Sushil Shah former CFO of NESCO Limited, Raminder Singh of Urban Gro, Hussein Ahmad, former Superintendent of Indian Customs, Nisha Quaim,Executive Editor of TradeFairTimes and existing directors’ M Q Syed and Padma Mishra.

    The board has respective leaderships in Exhibition Organizing, Government Relations, Event Services, Media and Venues and bring two and half decade of expertise and proven history of building and growing large private and government organizations. The robust board will provide insight and resources to help EMS Limited accelerate development and growth while prioritizing its long-standing commitment to the exhibition industry.

    “We are delighted to welcome Mr. P. Uday Kumar, Mr. Raminder Singh, Mr. Hussein Ahmed, Mrs. Nisha Quaim, Mr. Sushil Shah and Mr. Abhishek Jain in the board”, said M Q Syed, CMD of EXHICON Group.

    “Each one of the new board member brings incredible depth of industry experience and a finely attuned understanding and respect in the exhibition industry and MSME sector. We are confident that their expertise will help advance our strategic objectives and support the next chapter of EXHICON’s history” added Padma Mishra, Group Director of EXHICON.

    Sushil Shah, a Chartered Accountant by qualification has been appointed CFO and Abhshek Jain, a Qualified CS has been appointed as company secretary. M Q Syed shall continue to be Managing Director of the Board