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Netlink Solutions (India) Ltd Q2 FY22 PAT jumps over 97% at Rs.93.32 lacs

Posted On : 2021-10-27 16:33:53( TIMEZONE : IST )

Netlink Solutions (India) Ltd Q2 FY22 PAT jumps over 97% at Rs.93.32 lacs

Netlink Solutions (India) Ltd. reported a remarkable increase in consolidated Q2 PAT in FY22 by 97%. The Q2 PAT stood at Rs.93.32 lacs marking a commendable leap in the profit figures. HY1 PAT for FY22 reached Rs.1.39 crore, marking a rise against HY1 FY21.

Key Business highlights

  • Q2 FY22 PAT jumps by 97% at Rs.93.32 lacs as against Rs.47.35 lacs in Q2 FY21
  • Corporate Gifts Show, the flagship division of Netlink Solutions is expected to resume its next edition in March 2022 after being stalled in 2020 and 2021 due to pandemic restrictions.
  • Newly acquired division "FairAct" that remained stalled due to lockdown has recently started minor operation with government-imposed rules showing some relaxation.

Netlink Solutions (India) Ltd. founded Corporate Gift Show in 2016. This leading B2B tradeshow on houseware, stationary, home decor, and gifts is being jointly managed by Netlink Solutions and Messe Frankfurt Trade Fairs India Pvt. Ltd, (wholly own subsidiary of Messe Frankfurt GMBH), a globally renowned exhibition organizer. The tradeshow remained stalled since 2020 due to government restrictions on public events. With the lockdown rules showing some relaxation, Corporate Gift Show is expected to conduct its next edition in March 2022.

Nelink Solutions has acquired a B2B event management division "FairAct" in March of 2021. FairAct has a legacy of successfully managing over 200 events till date and the list includes some of the renowned B2B shows like Plastivision, India Itime, InfoComm India, GTTES, IPHEX, HGH India, IESS and many more. Despite the global economic downturn due to the pandemic, the division has provided core event management services during the second quarter to some renowned organizers in the industry.

During the second quarter of FY22, Nelink Solutions became a subsidiary of Jupiter Infomedia Limited to form the business conglomerate of two BSE listed companies. The business group has expertise in areas of B2B events, e-commerce, digital solutions, print /digital publications, and investment activities.

Commenting on the results of the company in Q2 of FY22, Mr. Minesh Modi, Chairman of Nelink Solutions shared "We have managed to sail through the toughest time that global business scenario has faced in the last century. Even when our flagship divisions Corporate Gifts show and FairAct were not in operation in 2020 and 2021 due to government imposed restrictions on public events, Nelink Solutions has managed to grow exponentially amidst the entire crisis. The credit for this consistent value addition goes to our prudent business strategies and efficient financial planning". He further added "Considering the growth in FY22, we are hopeful to reach new heights in the coming years as well when pandemic-related restrictions are expected to ease out and situation turns more favorable for businesses to flourish".

Shares of NETLINK SOLUTIONS (INDIA) LTD. was last trading in BSE at Rs. 43.85 as compared to the previous close of Rs. 43.10. The total number of shares traded during the day was 13850 in over 155 trades.

The stock hit an intraday high of Rs. 45.25 and intraday low of 40.95. The net turnover during the day was Rs. 599637.00.

Source : Equity Bulls