Meteoric Rise for Majestic

Majestic Research Services and Solutions Ltd, India's stock exchange-listed insights firm, has reported a 181 percent increase in operating income, to Rs. 644.5m (US$ 9.6m) for the year ended March 31st 2018. EBITDA slipped a fraction to 31.35% but is still very high.

Last year EBITDA rose from 26.7% to 32.50%, making a difficult comparative for this year's result. In the latest figures, Earnings Per Share rose from Rs. 4.93 to Rs. 13.61. The exchange rate against the US dollar has been relatively stable over 24 months and more so currency effects are minimal.

Chairman Raj Sharma (pictured) said: 'We are pleased that we are on the path to achieve our vision of being Asia's leading Independent Market Research firm. We thank all MRSS stakeholders for their support and patience'. MD Sarang Panchal adds: 'We are thrilled to deliver strong financial results and this primarily is due to high client satisfaction. It is also exciting to see a whole lot of new clients adopting digital technology in India'.

MRSS India is the subsidiary of full service MR firm Majestic Market Research Support Services Ltd, which has a presence in eighteen countries across the Middle East and Asia Pacific region.

Web site: www.mrssindia.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.