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Boosting Growth

The company’s Technology Solutions business saw a revenue growth of 50 per cent in FY19 to Rs 2,796 crore, while its Facility Management business grew by 20 per cent to Rs 1,230 crore

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ESTABLISHED IN 2007, Quess Corp is India’s leading business services provider helping large and emerging companies manage their non-core activities by leveraging its integrated service offerings across industries and geographies. Headquartered in Bengaluru, Quess reported a market cap of Rs 10,909 crore as on 31 March 2019, and boasts of a team of over 318,000 employees with presence in India, North America, South East Asia and the Middle East. It operates across segments like People Services, Technology Solutions, Facility Management, Industrials and Internet Business serving over 2,000 clients worldwide. It reported a revenue growth of 38 per cent in FY19 at Rs 8,527 crore, while its EBITDA grew 31 per cent YoY to Rs 465 crore. Its PAT stood at Rs 257 crore, while its People Services business grew by 35 per cent to Rs 3,880 crore. The company’s Technology Solutions business saw a revenue growth of 50 per cent in FY19 to Rs 2,796 crore, while its Facility Management business grew by 20 per cent to Rs 1,230 crore. “Capital allocation continues to be a key focus area for us. We have an established inorganic playbook of successfully identifying and integrating value accretive acquisitions. We are entering into a phase of consolidation and will allocate capital strategically to derive superior financial outcomes for our company,” said Ajit Isaac, CMD, Quess Corp said. “As we navigate into a new year, we at Quess feel a unified sense of purpose and pride in seeing the institution that we have built over the last 12 years,” he added.  

Providing Solutions

MINDA INDUSTRIES is an integral part of the Uno Minda group, a leading Tier-1 supplier of automotive solutions to OEMs. Incepted in 1958, the conglomerate today boasts a group turnover in excess of $1,140 million. It has 62 manufacturing plants in India, Indonesia, Vietnam, Spain, Morocco, Mexico, Colombia, Germany and design centres in Taiwan, Japan and Spain with sales offices across North America, Europe and the ASEAN countries. The group has a workforce of over 21,000 members and is headquartered in Manesar, Haryana. The year 2018-19 was strewn with sentiments of growth in the first half and challenges in the second half, said Nirmal K. Minda, company’s CMD. Various factors like increase in cost of ownership and liquidity squeeze led to the slowdown of automotive industry during the second half of last fiscal. Despite the challenges, it posted a 32 per cent jump in its revenue at Rs 5,908 crore over previous year. It also reported an EBITDA increase of 36 per cent to Rs 725 crore over the previous fiscal. Expanding on the mandatory BS-VI emission norms for the automotive sector, he said: “...our JV Roki Minda has qualified in the QAV 1 and 2 audit. The audit is conducted for the development of BS-VI model air cleaner assembly for HMSI. Simply put, it means that our filters are BS-VI compliant.”  

High On Quality

Deepak Nitrite manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner. It has manufacturing units across Gujarat, Maharashtra and Telangana. During FY19, it entailed a capex of over Rs 67 crore towards brownfield expansions in the  basic chemicals and fine & specialty chemicals segments to enhance the capacities of major products and also towards increasing operational efficiencies. Same fiscal,  it achieved a key milestone by replacing the bulk of imports of Phenol and Acetone in the local market. Currently, it has a market share of around 55 per cent in India. It has been a forerunner in tapping the import substitution opportunity in India, which will create the long-term benefits. It has also been successful in producing and selling pharma grade acetone. In FY19, Deepak Nitrite posted a double-digit growth in revenues, EBITDA and PBT. It also managed to report higher volumes and realisations across critical products, amidst rising prices of crude oil and related petrochemical intermediates. It is focused on strengthening its infrastructure, systems, and processes so as to drive greater efficiencies. “In an uncertain business environment, it delivered a resilient performance in FY 2018-19,” said Deepak C. Mehta, CMD, Deepak Nitrite.  

Black Is Profitable

Phillips Carbon Black (PCBL), a part of RP-Sanjiv Goenka Group, is India’s largest carbon black producer in India. The company has a turnover of Rs 3,548 crore and has four strategically located state-of-the-art plants at Durgapur, Palej, Kochi and Mundra. Set up in collaboration with a US firm Phillips Petroleum, it started production in 1962 with 14,000 MT of carbon black at Durgapur. Currently, it has a production capacity of 5,71,000 MT a year in India, and involves a dedicated capacity of Specialty Blacks of 40,000 MT per annum at Palej, and 76 MW of Green power. During FY19, its revenue grew by 35 per cent to touch Rs 3,529 crore vis-à-vis Rs 2,611 crore in FY18 owing to enhanced volumes and growing market presence. Its EBITDA grew by 51 per cent to reach Rs 640 crore in FY19 vis-à- vis Rs 424 crore in FY18 and PAT clocked an impressive growth of 69 per cent to stand at Rs 389 crore in FY19 vis-à-vis Rs 230 crore in FY18 on account of a shift in product mix to more high value-added premium grades, leveraging expanded product portfolio and continuous improvements across all functions. “We completed capacity expansion at Mundra plant by 56,000 MTPA and another 32,000 tonne capacity will be added at Palej plant. Our carbon black capacity is expected to go up to 6,03,000 MTPA by FY 2019-20. Also, we have proposed a greenfield project in South India with a plant capacity of 150,000 MTPA,” said Sanjiv Goenka, the company’s Chairman.  

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