Touchwood Entertainment Limited — Important, 04-03-2025: Updates

Touchwood Entertainment Limited's Board has approved the un-audited financial results for the quarter and nine months ended December 31, 2024, detailing a significant revenue increase. The company's consolidated revenue from operations stands at ₹361.09 crore, compared to ₹69.04 crore for the same period last year, reflecting a robust expansion in its event management services segment. Operating profit before tax is reported at ₹44.01 crore, marking an increase from ₹13.62 crore, indicating strong operational performance.

The company has successfully completed constructing a pandal for events, contributing ₹17.44 crore to revenue, with ₹9.70 crore received as advance payments. Additionally, the company has invested ₹2.29 crore in new property at Greater Noida. This strategic investment and growth in services suggest a positive outlook for leveraging the recovering event market. Investors should monitor ongoing developments amidst this favorable growth trajectory.