Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Rutva, a 7-year-old Indian, UAE resident, created two World Records in two languages (English and Arabic) in one attempt Press Release
  • NAREDCO Maharashtra organises one of a kind Homethon Property Expo in Mumbai Business
  • Niche Online Only Travel Accessories Brand Destinio Launches Its D2C E-Commerce Store Business
  • India Expo Centre & Mart Bags “National Tourism Award 2018-19 For Best Standalone Convention Centre” Business
  • The Big 1 year of amazing Growth: Bookmysession.live Business
  • Promoting Indian culture through traditional Indian wedding, festive, and celebration wear, by Ranak Business
  • Empowering Female Cricketers Is My Motto: Shweta Salunkhe Business
  • Preserving an optimistic attitude and consistently climbing up the success ladder- Vision of  Priyanka Agarwal Business

Touchwood records 164% growth in revenue for the FY 22

Posted on June 2, 2022 By dsprime 1 Comment on Touchwood records 164% growth in revenue for the FY 22

June 2: Touchwood Entertainment Ltd. (NSE: TOUCHWOOD), the leading event management company, is delighted to announce its results for the quarter & year ended March 31, 2022.

FY22 Performance Highlights:

Touchwood delivered a solid all-round performance in FY 2021-22 despite disruptions in 1st Quarter. Total revenue for FY22 was INR 2678.09 lakhs, registering a growth of 164% compared to INR 1011.57 lakhs in the FY21. The Company recorded a profit of INR 296.12 lakhs (PBT) for the fiscal year in comparison to INR 142.48 lakhs in FY21, a growth of 107%.

EBITDA of INR 348.58 lakhs (excluding prior period items).

PAT of INR 215.73 lakhs indicating profit margin of 8%.

Q4 FY22 ended with a satisfactory performance despite partial lockdowns, Govt. imposed restrictions and uncertainty in a fragile geo-political situation. Total revenue for the quarter was INR 963.86 lakhs, a growth of 36% compared to INR 708.53 lakhs in Q4 FY21. Company reported a profit of INR 137.25 lakhs (PBT) as compared to INR 175.29 lakhs in the same quarter of previous year.

FY22 Operational Highlights:                                                                           

Launched its new platform – ‘MakeMeUp App’ that connects consumers to top notch beauty professionals, products and provides access to beauty experiences.

Released a Music Video sung by Navraj Hans & Ashish Chhabra. The video has more than 1 million views on YouTube within 3 months of the release. Music video features top names of Beauty & Social Media industry.

The MakeMeUp Web Series: A digital reality show based on makeup produced by Touchwood Entertainment Ltd. is airing on Hotstar, Hungama Play & other OTT platforms.

MakeMeUp- School of Makeup is operational at Vasant Kunj & Noida. 1st batch of MakeMeUp- School of Makeup at Vasant Kunj branch is expected to be completed soon.

Launched ‘WedAdvisor App’ on Play Store – a one stop platform to find all wedding vendors with genuine & verified ratings.

Touchwood Wedding School- Successfully completed 3 batches. 4th batch of Touchwood Wedding School is expected to be completed soon.

Revived wedding business post COVID-19. New projects were taken and completed successfully and company is growing rapidly.

Commenting on the performance, Mr. Manjit Singh, Chairman and Managing Director, said:

Despite frequent disruptions in the quarter owing to Covid wave 3 and other geo-political factors, the quarter has been satisfactory in terms of growth and profitability. The Company is well prepared and looking forward to an exciting year ahead with all its tech driven initiatives. We are gearing up to touch new horizons in FY23.

Touchwood at a Glance:

Headquartered in Delhi, Touchwood Entertainment Limited, established in 1997, specializes in a variety of event facilities, ranging from event planning & marketing to production services for the events.

Touchwood is known for its larger than life, awe-inspiring setups and formats and completely personalized service to clients. It provides end-to-end solutions for all kinds of events – be it corporate, social or political. Touchwood team is comprised of 42 professionals with a fully developed and functional in-house production facility. It has a panel of skilled craftsmen and band of highly qualified designers add the extra edge to its deliverables.

Safe Harbour:

This release contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Touchwood’ future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Touchwood undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.

For more information, please contact: [email protected]

Business Tags:Business

Post navigation

Previous Post: Klub joins hands with Oxyzo to facilitate INR 100 crores to digital SMEs across India
Next Post: 9th Chhatrapati Shivaji Maharaj Award took place with musical and hilarious pomp and show!

Related Posts

  • OTT platform ‘Mask TV’ Unlocking Happiness with an Original Series “Mission 70” Business
  • Children Cannot Live With Covid-19 and Other Mysterious Diseases Business
  • Gaharwar Pharma Products Pvt Ltd is a Trusted name in ayurvedic medicine for all types of disorders Business
  • The Inspirational Journey of Leading Entrepreneur, Media Personality and Economist Sharad Kohli Business
  • The launch of next-generation 3 & 4 BHK Flats at Infinity World, Punawale by the Tulip Group Business
  • From Gloom to Bloom: Celebrating its 100th Talk show Business

Comment (1) on “Touchwood records 164% growth in revenue for the FY 22”

  1. YourDoll株式会社 says:
    January 25, 2023 at 5:02 pm

    ラブドール 激安 The most important thing when buying wm doll is to make sure it’s legal and not from fraudulent sites. If you want to ensure the quality of your doll, it’s best to avoid s

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Utkarsh Saxena is all geared up for Tum Bhi Pachtaoge featuring Mohd Sharia
  • Satish Reddy, Director, World News Network to Promote Investors and startups in India
  • Billionaire and the Royal lineage Shaji Ul Mulk’s daughter, Princess Sania Mulk marries US-based Bilal Khalid Ahmed in a lavish wedding ceremony
  • Testronix Sets a benchmark for Manufacturing High Quality Testing Instruments  
  • Arindam Chaudhuri predicts Pathaan will have a 500cr worldwide weekend and suggests Shah Rukh Khan should invest money into a China Marketing strategy!

Recent Comments

  • tinapretty cam on The dawn of a new world with Property Gully
  • cloud on Gururo.com collaborates with IU University, Germany to Offer World-Class Post Graduate Certificate in Program Management
  • PG SLOT ทางเข้า on India’s favorite Cuppa Tea comes in new hues and flavors at Aman Sood’s ‘The Chai Theka’
  • WilliamTem on Early HIV Detection for Better Care: Bridging the Gap with Advanced  4th  Gen Rapid Tests
  • Idepaydup on Another feather in the CAP!
  • Kingston Kickstarts a Gaming Revolution with the New Kingston FURY Lineup in India Technology
  • Stepping towards another milestone, three talented leaders from the field of entertainment embraced the path of “production” Entertainment
  • Delhi’s Elite Finally Have a Top-Notch Gynaecology and IVF Centre! Business
  • Brandex Music acquires music rights of Bollywood film ‘3 Shyaane’ Entertainment
  • Changing the dynamics of the wires and cables industry with innovative technology and top-notch quality Business
  • Grand Birthday Bash of Producer Vishal Gurnani Held In Mumbai Business
  • Gujarat Breast Meet, Gastro-Intestinal Oncology Conference kick off in Ahmedabad Health
  • Promoters of Amar Ujala and Shanti group come together to launch Sigurd Ventures Business

Copyright © 2023 Daily News India.

Powered by PressBook News WordPress theme