Latest news with #MBL
Business Standard
23-05-2025
- Business
- Business Standard
Metro Brands records nearly 39% YoY decline in Q4 PAT; EBITDA rises to Rs 199 crore
Metro Brands (MBL) has reported 38.7% fall in consolidated net profit to Rs 95 crore despite a 10.3% increase in revenue to Rs 643 crore in Q4 FY25 as compared with Q4 FY24. EBITDA improved by 24.5% to Rs 199 crore in the fourth quarter from Rs 160 crore recorded in the same period last year. EBITDA margin expanded by 360 basis points year-over-year (YoY) to 31.0% in Q4 FY25. Profit before tax in Q4 FY25 stood at Rs 126 crore, up by 20% from Rs 105 crore in Q4 FY24. Tax outgo for the period under review was Rs 31 crore. The company had written back taxes amounting to Rs 51 crore in the same period last year. The company stated that the sales growth momentum witnessed in Q3FY25 on account of festive and wedding seasons continued in Q4 FY25. During the quarter, 18 new stores were opened. This was offset by 5 stores closures for the quarter. E-commerce sales (including omni-channel) for the quarter was Rs 61 crore, with a year-on-year growth of 45%. EBITDA margins improved due to better cost control, reduction in losses in FILA segment and restructuring of Filas royalty with Fila global to align royalty expenses with expected revenue growth over next 2-3 years. For Q4 FY24, MBL has recognized and utilized tax asset of Rs 43 crore carry forward business losses of Fila. Additionally, there is a reduction in tax charge on reversal of deferred tax liability of Rs 26 crore certain intangible assets due to demerger. For FY25, Metro Brands has registered a consolidated net profit of Rs 354 crore (down 14.7% YoY) and revenue of Rs 2,507 crore (up 6.4% YoY). Nissan Joseph, CEO, Metro Brands, said: "Despite macroeconomic challenges, including fewer wedding dates, muted election-related spending, and extreme weather conditions in the first half, we witnessed a recovery in H2 to report a 6.4% overall growth for the year. Additionally, I am happy to announce we successfully crossed a key milestone of our 900th store in Q4 and in Mar25." Metro Brands (MBL) is one of India's largest specialty footwear retailers, operating in premium and economy categories. The company offers a diverse range of footwear and accessories, including formal and casual shoes, sandals, slippers, boots, sneakers, ethnic footwear, belts, wallets, socks, and shoe care products. As of 31 March 2025, the company operated 908 Stores across 205 cities spread across 31 states and union territories in India, complemented by a rapidly growing online presence. The scrip jumped 5.54% to currently trade at Rs 1258.40 on the BSE.
Sydney Morning Herald
09-05-2025
- Business
- Sydney Morning Herald
Macquarie chief's pay cut to $24m as ‘millionaires' factory' rakes in $3.7b
Senior Macquarie Group bankers including chief executive Shemara Wikramanayake have received a smaller share of profits in response to the corporate watchdog's move to slap licence conditions on the bank over repeated compliance failings. As Macquarie reported $3.7 billion in full-year profits on Friday, the investment bank known as the 'millionaires' factory' for its bumper pay packets also revealed how much it had paid its top executives. The results came days after the Australian Securities and Investments Commission (ASIC) said it had imposed extra licence conditions on the Sydney-based bank after 'multiple and significant' compliance failures in its futures and its derivatives trading areas. Macquarie's annual report said the board had taken into account 'risk and regulatory matters' when setting pay, particularly ASIC's licence conditions, and this had been reflected in awarding executives including Wikramanayake and the chief executive of Macquarie Bank Limited (MBL), Stuart Green, a lower profit share. Wikramanayake's pay for the full year dropped to $24 million, from $25.3 million the previous year, as the profit share awarded to the CEO dropped 5 per cent. Despite the lower profit share for Green, his overall pay edged up from $5.1 million to $5.2 million. Loading The chair of Macquarie's board remuneration committee, Jillian Broadbent, said the board had considered both financial factors – including the bank's higher profits, return on equity and dividends – and non-financial factors, when setting pay. 'The board takes MBL's obligations as a licensed entity seriously and acknowledges there are areas where we can further improve compliance,' Broadbent said. The report said that among the group's most senior executives, total comparable key management personnel awarded profit share had increased 3 per cent to $82.3 million. Wikramanayake last year topped The Australian Financial Review 's list of the country's highest-paid chief executives.
The Age
09-05-2025
- Business
- The Age
Macquarie chief's pay cut to $24m as ‘millionaires' factory' rakes in $3.7b
Senior Macquarie Group bankers including chief executive Shemara Wikramanayake have received a smaller share of profits in response to the corporate watchdog's move to slap licence conditions on the bank over repeated compliance failings. As Macquarie reported $3.7 billion in full-year profits on Friday, the investment bank known as the 'millionaires' factory' for its bumper pay packets also revealed how much it had paid its top executives. The results came days after the Australian Securities and Investments Commission (ASIC) said it had imposed extra licence conditions on the Sydney-based bank after 'multiple and significant' compliance failures in its futures and its derivatives trading areas. Macquarie's annual report said the board had taken into account 'risk and regulatory matters' when setting pay, particularly ASIC's licence conditions, and this had been reflected in awarding executives including Wikramanayake and the chief executive of Macquarie Bank Limited (MBL), Stuart Green, a lower profit share. Wikramanayake's pay for the full year dropped to $24 million, from $25.3 million the previous year, as the profit share awarded to the CEO dropped 5 per cent. Despite the lower profit share for Green, his overall pay edged up from $5.1 million to $5.2 million. Loading The chair of Macquarie's board remuneration committee, Jillian Broadbent, said the board had considered both financial factors – including the bank's higher profits, return on equity and dividends – and non-financial factors, when setting pay. 'The board takes MBL's obligations as a licensed entity seriously and acknowledges there are areas where we can further improve compliance,' Broadbent said. The report said that among the group's most senior executives, total comparable key management personnel awarded profit share had increased 3 per cent to $82.3 million. Wikramanayake last year topped The Australian Financial Review 's list of the country's highest-paid chief executives.
Axios
04-03-2025
- Business
- Axios
Richmond launches a $500,000 recovery fund for small businesses affected by the water crisis
News Help for Richmond's small businesses affected by the water crisis is here. Why it matters: The fund is opening with an initial $500,000 investment from the city and the business community, per a news release. The big picture: Richmond's Economic Development Authority approved a $250,000 grant to the Metropolitan Business League on Thursday. The Small Business Recovery Grant Fund is supplemented with investments from Dominion Energy and Altria, which are both headquartered in Richmond. The Richmond-based MBL will process the applications and administer the grants. Zoom in: Eligibility criteria for small businesses hadn't been announced by press time. Applications open March 17 and run through March 28. And the city and MBL will host two virtual Q&A sessions on March 6 and March 12. Businesses can register for them online. Worth noting: The city opened a $650,000 grand fund for individuals affected by the water crisis a few weeks ago only to pause it days later after receiving more than 2,000 applications. What we're watching: Fundraising efforts to power future grants are ongoing.
Yahoo
27-02-2025
- Science
- Yahoo
Scientists achieve 3D molecular mapping with breakthrough hybrid microscope
A hybrid microscope developed at the Marine Biological Laboratory (MBL) allows scientists to capture both the 3D orientation and position of molecular ensembles, such as labeled proteins inside cells. The microscope combines polarized fluorescence, which measures molecular orientation, with a dual-view light sheet microscope (diSPIM) that captures depth details in a sample. This technology can be useful for studying proteins, as they change their 3D orientation in response to their environment to interact with other molecules and perform their functions. According to Talon Chandler of CZ Biohub San Francisco, the study's first author and a former University of Chicago graduate student who conducted part of this research at MBL, the instrument allows researchers to record changes in 3D protein orientation. This capability provides insights that may be missed when looking only at a molecule's position. One example is imaging molecules in the spindle of a dividing cell, a challenge that has long been studied at MBL and other research institutions. The study's co-author, Rudolf Oldenbourg, a senior scientist at MBL, explained that traditional microscopy, including polarized light, can effectively image the spindle when it is perpendicular to the viewing direction. However, when the spindle is tilted, the readout becomes ambiguous. The new instrument overcomes this limitation by adjusting for tilt, allowing researchers to accurately capture both the 3D orientation and position of spindle molecules, such as microtubules. Now, the team aims to improve the system's speed to capture how the position and orientation of structures change in live samples over time. They also hope that future fluorescent probes will expand its use, allowing researchers to image a wider range of biological structures. The idea for the microscope originated in 2016 through brainstorming sessions among microscopy innovators at MBL. Hari Shroff of HHMI Janelia, then at the National Institutes of Health (NIH) and an MBL Whitman Fellow, was using his custom-built diSPIM microscope at MBL, developed in collaboration with Abhishek Kumar, now at MBL. The diSPIM microscope features two imaging paths that intersect at a right angle, allowing researchers to illuminate and capture the sample from both perspectives. This dual-view approach improves depth resolution compared to a single view and provides greater control over polarization during imaging. Shroff and Oldenbourg recognized that the dual-view microscope could help overcome a limitation of polarized light microscopy - its difficulty in efficiently illuminating a sample with polarized light along the direction of light propagation. By incorporating two orthogonal views, they saw an opportunity to improve the detection of polarized fluorescence and explored using the diSPIM system for such measurements. Shroff collaborated with Patrick La Riviere from the University of Chicago, whose student Talon Chandler joined the project at MBL. Chandler's doctoral thesis focused on integrating the two systems, working in Oldenbourg's lab for a year. The team, including Shalin Mehta, outfitted the diSPIM with liquid crystals to control input polarization direction. Chandler dedicated a significant amount of time to exploring how to reconstruct the data and maximize what could be recovered from it. Co-author Min Guo, then at Shroff's previous lab at NIH, also worked extensively on this aspect, and together, they achieved their goal of full 3D reconstructions of molecular orientation and position.
