During Monday’s trading session, shares of a company offering solutions for organising corporate conferences, training programs, and incentive events hit a 20 percent lower circuit on BSE, after announcing H2 FY25 financial results and a strategic acquisition.
With a market capitalisation of Rs. 326 crores, shares of Mach Conferences & Events Limited hit a 20 percent lower circuit at Rs. 155 on BSE, as against its previous closing price of Rs. 193.7. The stock has delivered negative returns of more than 47 percent in one year, and has fallen by nearly 22 percent in the last one month.
What’s the News:
According to the latest regulatory filings on the BSE, Mach Conferences & Events Limited announced the financial results for H2 FY25 on Friday after market hours. For H2 FY25, Mach Conferences reported a revenue from operations of Rs. 116 crores, reflecting a marginal decline of around 2 percent HoH from Rs. 119 crores in H1 FY25, but a year-on-year rise of about 63 percent from Rs. 71 crores in H2 FY24.
Net profit for H2 FY25 stood at Rs. 6 crores, marking a nearly 33 percent QoQ decline from Rs. 9 crores reported in H1 FY25, but an annual increase of around 50 percent from Rs. 4 crores in H2 FY24.
EBITDA came in at Rs. 7 crores during H2 FY25, indicating a decline of about 36 percent QoQ from Rs. 11 crores in H1 FY25, but a slight year-on-year rise of around 17 percent YoY compared to Rs. 6 crores in H2 FY24.
Meanwhile, EBITDA margins stood at 6 percent in H2 FY25, down from 10 percent in H1 FY25 and 9 percent recorded in H2 FY24. In line with its performance for FY25, the company’s Board has recommended payment of a dividend of Rs. 1 per equity share (10 percent) of the face value of Rs. 10 each for FY25. Additionally, Mach Conferences’ Board has approved the acquisition of a 60 percent equity stake in Travexel Events and Travel Private Limited. The acquisition will involve a payment of Rs. 1.5 lakh for equity shares and Rs. 48.5 lakhs for preference shares, to be completed within 60 days via a cash consideration.
Following this acquisition, Travexel will become a subsidiary of Mach Conferences, under joint control with its existing promoter. Travexel is engaged in the Tours and Travels sector, including services like organising conferences, exhibitions, and corporate events across India.
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About the company:
Mach Conferences & Events Limited is engaged in providing a wide range of customised services for the MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector. It specialises in conference management, exhibition management and global event planning.
The company manages all logistical aspects of events at specific destinations, including venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination.
Written by Shivani Singh
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