Exhicon Events Media Solutions Limited , a key player in the events and media industry, has announced impressive financial results for the fiscal year ended March 31, 2024, showcasing substantial growth in both standalone and consolidated operations.

Standalone Performance

The company's standalone financial results demonstrate steady growth:

• Revenue from operations increased to ₹4,118.22 lakhs, up from ₹3,720.35 lakhs in the previous year.
• Profit for the year rose to ₹630.78 lakhs, compared to ₹577.86 lakhs in the preceding fiscal year.
• Basic earnings per share (EPS) stood at ₹5.29, slightly lower than the previous year's ₹6.74.

Consolidated Financial Highlights

Exhicon's consolidated performance showed remarkable improvement:

• Consolidated revenue from operations surged to ₹8,845.89 lakhs, a significant jump from ₹5,884.38 lakhs in the previous year.
• Consolidated profit witnessed a substantial increase, reaching ₹1,308.03 lakhs, up from ₹471.54 lakhs.
• Consolidated basic earnings per share improved considerably to ₹10.98, compared to ₹5.50 in the previous fiscal year.

Financial Results Overview

Corporate Governance Updates

In line with its commitment to robust corporate governance, Exhicon Events Media Solutions Limited has made key appointments for the fiscal year 2024-2025:

• M/s. Brajesh Gupta & Co has been appointed as the Secretarial Auditor.
• Gupta Sajankar & Associates will serve as the Internal Auditor.

Auditor's Opinion

The company's statutory auditors have issued an unmodified opinion on the financial statements, indicating that the financial reports are free from material misstatements and comply with the applicable accounting standards.

The strong financial performance, particularly in consolidated operations, reflects Exhicon Events Media Solutions Limited's effective business strategies and successful expansion efforts during the fiscal year 2024. The company's growth in revenue and profitability, especially on a consolidated basis, positions it well for future opportunities in the events and media industry.

Exhicon Events Media Solutions Limited (BSE: 543895) has entered into a groundbreaking exclusive five-year partnership agreement with Hungama Digital Media Entertainment Private Limited, as revealed in a recent press release. This strategic collaboration aims to bring a new dimension to the live entertainment industry through the 'Independent Together' event.

Partnership Details

The agreement, described as exclusive and irrevocable, focuses on hosting and organizing the highly anticipated on-ground event, 'Independent Together'. This partnership leverages the strengths of both companies in the digital media and events space, potentially expanding their market reach and service offerings.

Roles and Responsibilities

Under this collaboration:

Exhicon Events Media Solutions Limited

• Event production and management
• Providing ground staff
• Handling logistics
• Managing technical production licensing
• Overseeing venue construction

Hungama Digital Media Entertainment Private Limited

• Artist curation
• Marketing efforts

Financial Arrangement

The partnership includes a revenue-sharing model where proceeds from ticket sales, sponsorships, booth rentals, and other sources, after deducting event expenses, will be equally split between Exhicon and Hungama.

Company Profiles

Exhicon Events Media Solutions Limited

• Listed on the BSE (Scrip Code: 543895)
• A pioneer in 360-degree event and exhibition solutions in India
• Has subsidiaries in India, Hong Kong, and UAE
• Group-promoted companies in Thailand and Switzerland

Hungama Digital Media Entertainment Private Limited

• A leader in digital entertainment
• Recognized as South Asia's largest digital and mobile entertainment company
• Known for innovative content and vast reach in the entertainment industry

Significance of the Partnership

This collaboration marks a significant milestone in the live entertainment industry, bringing together two industry leaders to create an immersive and unforgettable experience for music and entertainment enthusiasts. The partnership is expected to combine Exhicon's expertise in event management with Hungama's strong presence in digital entertainment, potentially setting new standards in the industry.

The 'Independent Together' event, backed by this powerful alliance, is poised to offer a unique and engaging experience for audiences, leveraging the strengths of both companies in their respective domains.

As the entertainment industry continues to evolve, strategic partnerships like this one between Exhicon Events Media Solutions and Hungama Digital Media Entertainment are likely to play a crucial role in shaping the future of live events and digital entertainment experiences.