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Galaxy Entertainment Q1 turnover jumps 38%, operating profits up 157%
MUMBAI: Galaxy Entertainment Corporation Limited, a public limited company listed on the Bombay Stock Exchange has declared a net profit of Rs 3.536 million for the quarter ended 30 June 2003. In the first quarter of last fiscal (2002-2003), the company had posted a loss of Rs 0.328 million.
The total turnover has shown a 38 per cent jump from the unaudited turnover of the first quarter of last fiscal. The income from operations has gone up to Rs 27.4 million from Rs 19.9 million last year.
The operating profit during this quarter has shown a sharp rise of 157 per cent over the operating profits during the first quarter of last fiscal. Operating profits (profit before depreciation and taxation) for the June quarter stand at Rs 6.283 million.
For the year ended 31 March 2003, Galaxy Entertainment had posted a net profit of Rs 10.4 million on a total turnover of Rs 104.6 million.
The company’s current business operations include The Bowling Company, and Rain, the upscale ‘bar and eatery’ in north Mumbai. Successful brands under the bowling company umbrella are the Sports Bar, the Brew Bar and the Bowling Arcade. The company is making its entry into the Indian film industry with its first Hindi movie ‘Khel’ that is slated to be released in October this year.
The Q1 results of this fiscal have not accounted for the revenues from ‘Khel’. However, the expenses incurred for the movie have been included in current assets under work-in-progress.
Galaxy, which is the combined venture between the Chatterjee Group and the Ruia Group, has also commenced work on another entertainment centre at Andheri, to be called The Bowling Company. This new venture is expected to commence operations by October 2003.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
