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TBZ Ltd. achieves 32% EBITDA increase and 63% PBT growth in Q1FY25; Unveils new Jaipur Store

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MUMBAI, India, Aug. 5, 2024 /PRNewswire/ — Tribhovandas Bhimji Zaveri Limited (TBZ Ltd.), India’s premier and trusted jewellery retailer with a legacy spanning 160 years, announces an exceptional financial performance for the first quarter of FY25. The Company reports significant improvements in key profitability metrics, driven by effective operational strategies and market expansion efforts.

Exceptional Financial Performance:

TBZ Ltd. has recorded a substantial increase in Profit Before Tax (PBT) in Q1 FY25, reaching ₹248.16 million, a 63.39% rise from ₹151.88 million in Q1 FY24. Profit After Tax (PAT) also saw impressive growth, climbing 61.98% to Rs. 184.68 million from ₹114.01 million. Earnings Per Share (EPS) surged by 61.99% to ₹2.77, compared to ₹1.71 in the previous year’s first quarter. Gross profit increased by 8.55%, totalling ₹858.84 million from ₹791.22 million in Q1 FY24, with a gross margin improvement of 54 basis points to 14.40%. Additionally, the PAT margin improved by 110 basis points to 3.10.

Over the last three years, TBZ Ltd.’s Q1 EBITDA and EBITDA margin have shown steady and persistent improvements. In Q1 FY23, the EBITDA was ₹186.72 million with a margin of 3.22%. By Q1 FY24, these figures had increased to ₹322.24 million and a margin of 5.65%. The upward trend has continued in Q1 FY25, with the Company’s EBITDA growing year-on-year by 32.19% to ₹425.96 million, reflecting strong operational efficiency, and the EBITDA margin improving by 150 basis points to 7.14%. This consistent growth in EBITDA highlights the Company’s ongoing  operational strategies and focus on enhancing profitability while growing sales.

“Our Q1FY25 results clearly demonstrate our ongoing commitment to operational excellence, which has been instrumental in driving this significant PBT growth,” stated Mr. Srikant Zaveri, Chairman of TBZ Ltd. “Key performance indicators such as administrative and sales cost control, inventory turnover, and capital efficiency have been central to improving our operational metrics, directly impacting our bottom line. Our ongoing strategic initiatives, particularly in optimizing these areas, continue to prove effective, contributing to our strong financial performance. There is always room for further improvements, and we are determined to continue pursuing these goals.”

Summary Table

(Standalone Figures)

                  (Rs. In Millions)

Particulars

Q1 FY 25

Q1 FY 24

% Change

Revenue from Operations

₹5,962.43

₹5,708.16

4.45 %

Gross Profit

₹858.84

₹791.22

8.55 %

Gross Margin

14.40 %

13.86 %

54 bps

EBITDA

₹425.96

₹322.24

32.19 %

EBITDA Margin

7.14 %

5.65 %

150 bps

Profit Before Tax (PBT)

₹248.16

₹151.88

63.39 %

Profit After Tax (PAT)

₹184.68

₹114.01

61.98 %

PAT Margin

3.10 %

2.00 %

110 bps

EPS

₹2.77

₹1.71

61.99

 

Market Demand and Sales Strategies

TBZ Ltd. achieved revenue from operations of ₹5,962.43 million, representing a 4.45% increase from ₹5,708.16 million in Q1FY24. This steady growth reflects resilient and consistent sales performance, supported by a healthy and improving product mix that has contributed to better margins. The Company’s strategic focus on high-margin products and profitable growth has led to improved profitability. TBZ Ltd.’s gross profit increased by 8.55%, showcasing the effectiveness of its margin-focused strategies. The Company is no longer pressured into low-margin sales, instead prioritizing margin growth and overall profitability.

TBZ Ltd. continues to enjoy strong goodwill and brand appreciation, not only among traditional buyers but also among new customers. This wider market acceptance is a testament to the Company’s ability to meet evolving customer preferences while maintaining its legacy of quality and craftsmanship. Embracing technological advancements and innovative marketing strategies, TBZ Ltd. enhances customer engagement and experience. The opening of the Jaipur store is part of a broader strategy to strengthen market presence through strategic franchise partnerships and digital transformation initiatives.

Mr. Mukesh Sharma, CFO of TBZ Ltd., commented, “Our Q1FY25 performance highlights the successful ongoing execution of our strategic initiatives aimed at margin growth and profitability. The 4.45% increase in revenue from operations to ₹5,962.43 million and the 8.55% rise in gross profit to ₹858.84 million demonstrate our effective sales strategies and robust product mix. As always, we have focused on high-margin products, which has significantly improved our bottom line. Additionally, the recent reduction in custom duty on gold and silver is a positive development that will lower our input costs and further enhance our profitability. We are excited about the future and remain committed to delivering exceptional value to our shareholders through continuous innovation and market adaptation.”

Opening 34th store and 4th Franchise store at Jaipur, Rajasthan

TBZ Ltd. has strategically expanded its footprint through its franchise model while remaining steadfast in its commitment to quality over quantity. The newly inaugurated Jaipur store exemplifies this philosophy, strategically located to capitalize on a market rich in cultural heritage and commercial potential. This approach underscores TBZ Ltd.’s proactive strategy of thoughtful and sustainable growth, ensuring each new venture not only contributes to the Company’s bottom line but also strengthens its commitment to delivering unparalleled quality and customer satisfaction.

“Opening our new franchise in Jaipur is a cornerstone of our strategic expansion, and it epitomizes our commitment to growth that doesn’t compromise on the standards of excellence and customer service TBZ Ltd. is renowned for,” stated Ms. Binaisha Zaveri, Director of TBZ Ltd. “This new establishment is not merely a store, but a beacon of our legacy in a city that reveres the art of jewellery. It’s a strategic move that ensures our presence in key markets while upholding our ethos of quality and customer-centricity. We are not just opening doors in new locations; we are crafting unique experiences and forging enduring relationships with our patrons.”

About Tribhovandas Bhimji Zaveri Limited:

Tribhovandas Bhimji Zaveri Limited is India’s renowned and trusted jewellery retailer with more than 160 years of legacy. The Company began its journey in 1864, opening its flagship store in Zaveri Bazar, Mumbai. Over the years, the Company has established itself as a preferred choice for customers in the wedding jewellery segment, recognized for exquisite gold and diamond jewellery designs. It has led from the front in an otherwise largely unorganized Indian jewellery industry, displaying high quality and transparency standards over the last 160 years, being the first jeweller to offer a buyback guarantee on jewellery and introduce 100% per-hallmarked jewellery in India. The Company transformed from a one-store family-owned business in 1864 to a professional organization spearheaded by the 5th generation, expanding its presence and reach across India with 34 stores in 26 cities.

Photo: https://mma.prnewswire.com/media/2475373/EBITDA_AND_EBITDA_Margin.jpg

 

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Composers for Wicked: For Good, Palm Royale, Pluribus, Stranger Things, The Age of Disclosure, Hurricane Katrina: Race Against Time, and Video Game Star Wars Outlaws: A Pirate’s Fortune Receive 2026 ASCAP Composers’ Choice Awards

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ASCAP Honors David Vanacore with Golden Note Award

LOS ANGELES, April 29, 2026 /PRNewswire/ — This evening, at its exclusive ASCAP Screen Celebrates event in Los Angeles, ASCAP (The American Society of Composers, Authors and Publishers) announced the 2026 ASCAP Composers’ Choice Awards honorees along with the ASCAP Screen Music Awards winners behind today’s most compelling film, television and video game music.

The ASCAP Screen Music Awards celebrate composers whose work elevates the art of visual storytelling across film, television and interactive media. Included in these are the ASCAP Composers’ Choice Awards, which are chosen by the ASCAP composer and songwriter community, an exclusive honor among US performing rights organizations. The 2026 winners, selected from a competitive field of nominees, created music for a critically acclaimed television comedy-drama series, a major cinematic musical adaptation, a landmark historical documentary series, and a standout fantasy-adventure video game, among others:

2026 ASCAP Composers’ Choice Award Winners

Film Score of the Year: Wicked: For Good – John Powell & Stephen SchwartzTelevision Score of the Year: Palm Royale – Jeff ToyneTelevision Theme of the Year: Pluribus – Dave Porter; Stranger Things – Kyle Dixon & Michael Stein (tie)Documentary Film Score of the Year: The Age of Disclosure – Blair Mowat Documentary Series Score of the Year: Hurricane Katrina: Race Against Time – Amanda Jones Video Game Score of the Year: Star Wars Outlaws: A Pirate’s Fortune – Wilbert Roget II, Jon Everist and Cody Matthew Johnson

In other categories, while Michael Giacchino received Top Domestic Box Office Film of the Year for Zootopia 2. Jake Staley earned Top Network Television Series for his work on the drama High Potential, and John Sereda received Top Cable Television Series for the historical drama When Calls the Heart. David Vanacore was the top winner in the Most Performed Themes & Underscore category.

This marked Vanacore’s 22nd consecutive win in the Most Performed Themes and Underscore category, and his 11th consecutive time as the top winner. During the celebration, Vanacore was also presented with ASCAP’s prestigious Golden Note Award in recognition of his extraordinary career achievements and impact on television music. A pioneering force in unscripted scoring, Vanacore has composed the music for CBS’s Survivor since its debut in 2000, with 2026 marking the series’ landmark 50th season.

ASCAP’s Golden Note Award is presented to artists who have achieved extraordinary career milestones. Previous recipients include Lionel Richie, Jeff Lynne, Quincy Jones, Jermaine Dupri, Reba McEntire, Alicia Keys and composers Alf Clausen and Mark Snow.

The complete list of winners is available on the ASCAP website: www.ascap.com/screenawards26

About ASCAP
The American Society of Composers, Authors and Publishers (ASCAP) is a membership association of more than 1.1 million songwriters, composers and music publishers, and represents some of the world’s most talented music creators. Founded and governed by songwriters, composers and publishers, it returns nearly 90 cents of every dollar collected to its members as royalties and has the lowest overhead rate of any U.S. PRO. ASCAP licenses a repertory of over 20 million musical works to hundreds of thousands of businesses that use music, including streaming services, cable television, radio and satellite radio and brick and mortar businesses such as retail stores, hotels, clubs, restaurants and bars. ASCAP collects the licensing fees and identifies, matches, processes and pays royalties to its members for trillions of performances every year. The ASCAP blanket license offers an efficient solution for businesses to legally perform ASCAP music while respecting the right of songwriters and composers to be paid fairly. ASCAP puts music creators first, advocating for their rights and the value of music on Capitol Hill, driving innovation that moves the industry forward, building community and providing the resources and support that creators need to succeed in their careers. Learn more and stay in touch at www.ascap.com, on X and Instagram @ASCAP and on Facebook.

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SOURCE ASCAP – American Society of Composers, Authors and Publishers

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28.13%, 26.4%! LONGi Sets New World Records for Crystalline Silicon Solar Cell and Module Efficiency

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XI’AN, China, April 29, 2026 /PRNewswire/ — Recently, LONGi announced two major technological breakthroughs. First, its independently developed Hybrid Interdigitated-Back-Contact (HIBC) solar cell has been certified by the Institute for Solar Energy Research Hamelin (ISFH) in Germany, achieving a photoelectric conversion efficiency of 28.13%. This marks yet another step forward toward the theoretical efficiency limit of crystalline silicon solar cells, following LONGi’s previous efficiency record of 28.04% set in January 2026. Second, modules fabricated based on HIBC solar cells have been certified by the U.S. National Laboratory of the Rockies(NLR), with efficiency breaking through to 26.4% — setting a new record after LONGi had earlier pushed the crystalline silicon module efficiency to 26%.

As the ultimate solution for single-junction crystalline silicon cell technology, the HIBC cell developed by LONGi’s Central R&D Institute represents a culmination of the strengths of various cell technologies. The R&D team has innovatively introduced core technologies such as in-situ Patterned Edge Passivation (iPET) and Laser-Induced Crystallization modification (LIC). Through systematic optimization of structural design, material selection, and fabrication processes, the team has achieved multiple breakthroughs in optical performance, interface passivation quality, and charge transport efficiency, paving a mature pathway for the commercial deployment of ultra-high-efficiency crystalline silicon cells.

These hardcore breakthroughs in technological strength have already translated into a leading edge in mass production. In April 2026, the authoritative global PV media outlet TaiyangNews released its ranking of commercialized mass-produced module efficiencies, and LONGi’s  EcoLife series modules, powered by HIBC technology, secured the top spot with a mass-production efficiency of 25%. This achievement marks the official completion of a complete closed loop spanning from laboratory R&D to large-scale commercial application for HIBC cells, delivering yet another premium clean energy solution to global customers — one that offers “high efficiency, high energy yield, aesthetic versatility, and certified safety and reliability”.

Having been deeply engaged in the clean energy field for many years, LONGi has established a comprehensive “Green Power + Green Hydrogen + Energy Storage” full-chain clean energy solution, consistently driving technological iteration through independent innovation to deliver high-quality products across all application scenarios to global customers. Moving forward, LONGi will continue to focus on technological innovation, accelerating the translation of laboratory efficiency breakthroughs into large-scale manufacturing, and serving the global energy transition with more competitive clean energy products to help build a zero-carbon and sustainable green energy ecosystem.

SOURCE LONGi

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DentScribe Is Not Just an AI Scribe; It Supports the Entire Dental Day

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From the morning huddle to chairside review, notes, perio charting, treatment coordination, after-care, and follow-up, DentScribe helps busy dentists and DSOs see the full power of dental AI.

SUNNYVALE, Calif., April 29, 2026 /PRNewswire/ — A dentist’s day is not one task. It is a chain reaction.

DentScribe transforms the dental day – from morning huddle to follow-up – into connected, actionable intelligence.

It starts before the first patient sits down. The team has only a few minutes for the morning huddle. Who is coming in today? What did we miss last time? Which patients have unscheduled treatment? Which issues need attention before they become bigger problems?

Then the dentist walks into the operatory and needs instant context. What is in the chart? What did the patient defer? What did the provider recommend at the last visit? What should not be missed today?

Then comes the appointment itself: diagnosis, treatment, patient education, clinical judgment, documentation, perio charting, billing support, and follow-up planning.

And when the patient leaves the chair, the work is still not done. The treatment coordinator must explain the plan, discuss cost, review financing or insurance, handle hesitation, schedule the next visit, and make sure the patient understands what happens next.

This is why DentScribe is built to be more than an AI scribe.

DentScribe today reinforced the full range of its AI platform for dental practices and DSOs – a connected suite of capabilities designed to support the busy dentist and team across the dental day, from preparation to patient care to follow-up.

“Dentists do not experience their day as isolated tasks,” said Dr. Vinni K. Singh, Founder & CEO of DentScribe. “The morning huddle affects the chairside conversation. The chairside conversation affects the SOAP note. The SOAP note is the ground truth for production opportunities, treatment coordination, after-care, and doctor communications. DentScribe brings those pieces together so AI can support the real workflow of the dental office.”

The DentScribe ‘aha’ is simple: the note is only the beginning.

A SOAP note contains the dentist’s true clinical assessment. DentScribe turns that ground truth into action across the practice.

Before the day begins, DentScribe GPS helps the team prepare with a smarter morning huddle.Before and during the appointment, DentScribe CoPilot helps surface chairside reminders and unresolved opportunities.During and after care, DentScribe helps generate comprehensive SOAP notes and supports AI voice perio charting.After the appointment, DentScribe Treatment Coordinator Notes help document the financial and scheduling conversation.Before the patient forgets, DentScribe After-Care Summaries help explain what happened, what matters, and what comes next.When another provider needs context, DentScribe supports referral letters, specialist reports, and doctor communications.Across the office, DentScribe supports PMS-connected workflows, CDT-aware documentation, and practice-specific templates.

For busy dentists, that means less time buried in notes and fewer missed details.

For front-desk and treatment teams, it means clearer handoffs, better follow-up, and a more consistent way to document patient concerns.

For patients, it means a smoother experience, clearer next steps, and a better understanding of the care being recommended.

For DSOs and practice owners, it means DentScribe is not merely a documentation tool. It is an AI operating layer that can help reveal missed opportunities, reduce leakage, improve communication, and give leaders better visibility into the daily workflow of the practice.

“DentScribe’s ground-truth approach is powerful because it starts with what the dentist actually said, observed, and recommended,” said Dr. Ratinder Paul Singh Ahuja, Board Chair of DentScribe. “When that information becomes structured and actionable across the practice, AI becomes far more than a scribe – it becomes a system for better care delivery and production.”

DentScribe’s platform was designed for the reality of modern dentistry: fragmented systems, tight schedules, incomplete handoffs, late-night charting, missed follow-ups, and lost production. By bringing together documentation, CoPilot intelligence, GPS morning huddle insights, perio charting, treatment coordination, after-care, doctor communications, and PMS integration, DentScribe gives dental teams a clearer way to manage the full patient workflow.

The result is the “aha” moment many dentists and DSOs are looking for: An AI agent that optimizes their entire patient care workflow.

Ready to see the full DentScribe platform? Book a live demo: https://www.dentscribe.ai/book-a-demo

About DentScribe
DentScribe  is the agentic AI platform for dental documentation and production. DentScribe automatically generates comprehensive SOAP notes from dentist-patient conversations and publishes them directly into leading practice management systems. With DentScribe CoPilot, those notes become chairside checklists that close care gaps and increase case acceptance. With DentScribe GPS, leaders gain a practice-wide daily brief that turns morning huddles into a reliable engine for production and patient outcomes. Founded by practicing dentist Dr. Vinni K. Singh in Sunnyvale, California, DentScribe helps dentists reclaim time, deliver better care, and grow their practices – without changing how they work. Learn more or book a demo at dentscribe.ai.

Media Contact
DentScribe Media Relations
hello@dentscribe.ai
+1-650-446-6161
710 Lakeway Dr. #200, Sunnyvale, CA 94085

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SOURCE DentScribe

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