Enterprise
TT Correspondent | 19 Jun 2018Bhatia Communications and Retail Limited, a leading mobile and accessories retail in Gujarat has announced a growth of 250 percent in Earnings Before Interest, Tax, and Depreciation and Amortisation (EBITDA) for the year 2017-18. It stood at Rs 7 crore as against Rs 2 crore in the previous financial year 2016-17.
For the financial 2017-18, the Profit After Tax (PAT) was of Rs 3.5 crore as compared to Rs 0.5 crore in the past financial year, thereby registering a 600 percent year-on-year (YOY) growth after including tax and other regulatory gains.
Meanwhile, the total income of the company was Rs 167 croreas compared to Rs 133 crore in the past year, thereby registering a growth of 26 percent on YoY basis.
“We are very happy with the results as it implies that we are heading in the right direction. The improvement in the bottom line is result of efficient inventory management. We are thankful to our investors who trusted us throughout the journey and also gave us the confidence to expand the business in other potential geographies as well. We are overwhelmed with initial response and are working hard to utilise the funds in most optimal manner to ensure stake holders’ better returns, said Sanjeev Bhatia, Founder of Bhatia Mobiles.
Bhatia Communications and Retail Limited is India’s only public limited vertical player in mobile phones retail domain. It is engaged into retail and whole sell distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products and others. It deals in brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO and others. It has a strong retail network and sales team that is continuously striving to achieve customer delight through100+ retail outlets chain located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, and Vyara.