MUMBAI, May 11, 2016 /PRNewswire/ --
Majestic Research Services and Solutions Ltd. (MRSS India), a leading digital market research agency, has announced financial results for the year ended March 31,2016 on May 11th 2016 at 5 PM IST from its Corporate Office in Mumbai. The results are also available on http://www.mrssindia.com.
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The audited standalone results for the year ended March 31st 2016: During the year under review, Operating Revenue increased by 104% to Rs 111.30 mn and Profit After Tax (PAT) jumped 256% to Rs.19mn with 871bps improvement in operating margin.
In accordance to SEBI guidelines, the exchange has reviewed the lot size of Majestic Research Services and Solutions Ltd. (Scrip Name - MRSS, Scrip Code - 539229) from 5,000 shares to 2,500 shares. The effective date of the share lot revision was from Thursday, May 5th 2016.
Commenting on MRSS' year 2016 results, Raj Sharma, Chairman - Majestic Research Services and Solutions Ltd. (MRSS India), said: "During the year MRSS India continued to take a number of initiatives to broad base our service offering to capture growing share of digital market research. We continue to receive encouraging response from our clients in terms of repeat & broader mandates. The Board is pleased with investments made in new research technologies and the corresponding sustainable increase in revenue and profits. We strive to grow our company through organic and inorganic route by creating value for our clients, stakeholders & employees. We are highly confident of sustainably growing our revenues and profits going forward."
Financial Highlights
Particulars FY 2015-16 FY 2014-15
Operating Revenue(Mn) 111.30 55.08
EBITDA Margin (%) 27.82 19.11
Profit Before Tax (%) 24.97 14.09
Profit After Tax (%) 16.85 9.68
Return on Capital Employed (%) 39.90 17.73
Return on Net Worth (%) 28.35 14.47
Book Value Per Share (In Rs) 16.26 12.27
About Majestic Research Services and Solutions Ltd.
MRSS India relies exhaustively on usage of technology for data acquisition offering reliability, validity and faster turnaround times to its clients. The company has wide range of offerings such as eye tracking, mobile analytics, video analysis, facial recognition, digital tracking, online communities, neuroscience, emotional analysis, automated audience measurement, sensory sciences, etc. It is India's 1st and only listed market research company, also a member of MRSI and DIN (Digital Insight Network - Global). It is the subsidiary of Majestic Market Research Support Services Limited, - one of Asia's largest full service market research firm. MMRSS is a member of ESOMAR, QRCA, MRA, etc with presence in 18 countries across Middle East and Asia Pacific region.
Media Contact
Shalu Mane
[email protected]
+91-9029678772
Corporate Communication Executive
Majestic Market Research Support Services. Ltd.
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