IRCON International Ltd Financial Results: Highest Ever Operating Revenue With 40% Growth To Rs.10,368 Crore

Ircon International Limited, a Miniratna (category - I) schedule A public sector enterprise and a leading turnkey construction company in the public sector (under Ministry of Railways), has announced its financial results for the fourth quarter and year ended on March 31, 2023. 

Key Financial Highlights for year ended March 31, 2023 (Consolidated) showed that the total income increased by 41.7% to Rs.10,750 crore as against Rs.7,586 crore in FY22. Revenues from operations for the period increased by 40.5% to Rs.10,368 crore as compared to Rs.7,380 crore in FY22. EBITDA stands at Rs.1,117 crore in FY23 as against Rs.846 crore in FY22, a jump of 32.1%. The Company’s EBITDA margin stood at 10.39%. Profit Before Tax for FY23 increased by 29.4% to Rs.891 crore as compared to Rs.689 crore in FY22. Profit After Tax for FY23 increased by 29.2% to Rs.765 crore as against Rs.592 crore in FY22. EPS stands at Rs.8.14 per equity share of the face value of Rs.2/- per share. 

As for the quarter ended March 31, 2023 (Consolidated), the total income stands at Rs.3,954 crore in Q4FY23 as against Rs.3,011 crore in Q4FY22, a jump of 31.3% on Y-o-Y. Revenue from Operations during the quarter increased by 28.1% to Rs.3,781 crore as against Rs.2,953 crore in Q4FY22. EBITDA was at Rs.370 crore, an increase of 37.4%, as compared to Rs.269 crore in Q4FY22. The Company’s EBITDA margin stood at 9.35%. Profit Before Tax increased by 36.0% to Rs.301 crore in Q4FY23 as against Rs.221 crore in Q4FY22. Profit After Tax increased by 6.1% to Rs.257 crore in Q4FY23 as against Rs.242 crore in Q4FY22. EPS stands at Rs.2.73 per equity share of the face value of Rs.2/- per share. 

On Dividends, the Board of Directors have recommended final dividend of Rs.1.20 per equity share on the face value of Rs.2 per share subject to approval of shareholders in ensuing Annual General Meeting (AGM). This final dividend is in addition to interim dividends of Rs.1.80 per equity share, as declared and paid earlier in FY23. 

The total order book as on 31.03.2023 stands at Rs.35,195 crore. The break-up of which is as   follows: Railways (Rs.26,243 crore), Highways (Rs.6,985 crore), and Others (Rs.1,967 crore). 

The Industry Outlook/Way forward looks positive. In the recent Budget 2023, Finance Minister Nirmala Sitharaman announced a record allocation of Rs.2.4 lakh crore for Indian Railways which demonstrates the government's ongoing focus on massive infrastructure expansion and job creation in coming years ahead. The Indian government has been prioritizing infrastructure development to support economic growth and meet the country's increasing demands. Several government initiatives such as the PM Gati Shakti, National Logistics Policy Bharatmala Project, Sagarmala Project, Pradhan Mantri Awas Yojana, and Smart Cities Mission are driving investments and creating opportunities for infrastructure development. The sector has enormous room for growth and provides a challenging environment in which the company will stand firm and seize opportunities for expanding its operations. 

Muscle & Strength India Expands Its Presence In Haryana; Launches 3rd Store In Panipat

Muscle & Strength India, one of the country’s leading retailers of fitness supplements & nutritional products has further expanded its retail footprint in Haryana with its 3rd store launch in Panipat. Renowned Fitness Model and Influencer Mohmmad Iqbal inaugurated the store located at Huda, Panipat. The company already has a store in Panipat and Rohtak and this is the 3rd store in Haryana. Muscle & Strength India is looking to expand aggressively in Northern India through franchisee routes as it seeks to deepen its presence in India's growing nutritional supplement space. Currently, the company has around 15 stores in North India, spread across New Delhi, Punjab, Rajasthan, Haryana, Jammu & Kashmir and Uttarakhand. With more than 50 percent share of business acquired from the Northern region of the country, the brand plans to further strengthen its on-ground presence in North India by adding 20 more stores in the next 1 year.

Muscle & Strength India currently has 25 stores spread across multiple cities and has the widest range with over 1000 fitness supplements and nutrition products from 42+ brands. These products are used for athletic performance, fitness and overall wellness. As part of the expansion plan, Muscle & Strength India will also partner with various gyms across the country, while introducing more products in the near future.

“We are delighted to introduce our third store in Haryana. It has been our top priority to widen our network and deepen our penetration pan India. Our new stores are also a testament to our unwavering commitment of providing genuine and economically priced supplements which has increased consumers’ trust in our brand. Apart from metros, we are also witnessing demand in the tier 2 & tier 3 cities where availability of latest, genuine and economically priced supplements is still a challenge. Our ideal target audience are those who are interested in fitness and sports nutrition, gym-goers, sports enthusiasts, health gurus, health-conscious individuals, etc,” said Mr. Praveen Chirania, Founder, Muscle and Strength India.

“I am happy to be here in Panipat and advocate healthy ways to be fit and use genuine health supplements. We are witnessing a paradigm shift in consumer mindset to adopt self-care with a focus on holistic wellbeing and strengthening immunity, which is further strengthening the market of dietary supplements. Maintaining good health and being fit is a modern-day need among all generations today. However, it is important to make the distinction between genuine and fake supplements and hence one should buy them from genuine dealers of reputed brands.” said Mohmmad Iqbal, Renowned Fitness Model and Influencer.

“The driving factor of the dietary supplements market is the increasing health consciousness and proactive health mindset amongst the consumers now. We are happy to join hands with Muscle & Strength India who has become one of the fastest growing retail chains in the health supplement market in India. In a short span of time, Muscle & Strength India has already made its mark with its authentic and genuine products.” said Sumit Grover, Store Owner, Muscle and Strength India.

Founded in 2018 by Praveen Chirania, Muscle & Strength India is a leading brand in the supplements space today endorsed by celebrities and athletes like Mika Singh, Shreyas Talpade, and Tarun Gill amongst others. The company offers a comprehensive range of genuine high-quality fitness supplements and nutritional products across categories such as proteins, vitamins, minerals and herbal supplements etc manufactured by international fitness brands under a single roof.

Committed to providing world class fitness supplements & nutritional products, Muscle and Strength India is creating a niche for itself by creating a mark as one of India's leading health supplement brands, providing high-quality, authentic products to fulfill the demands of new age customers. Muscle & Strength India aims to expand in the near future and further launch products in various variants, focusing on different health and wellness categories and segments.

Epson's Launches Compact New Epson Perfection V39II Flatbed Document And Photo Scanner

* Built-In Kickstand design allows fantastic space saving

Epson, a world leader in digital and printing solutions, has announced the launch of  the Epson Perfection V39II scanner- its latest flatbed entry-level document and photo scanner with superior scanning quality. The V39II is designed to save space, reduce clutter, and enhance mobility, making it the perfect solution for home, offices, and businesses.

With an amazing built-in kickstand, the V39II allows users to scan even in an upright position, regardless of the space restrictions they may have. This feature is especially useful for those who want to save desk space or have limited work areas. Priced at INR 6 999, the scanner is available for purchase across authorised Epson partners.

The V39II is equipped with Epson's ReadyScan LED Technology, which starts scanning instantly with zero warm-up time. Featuring a mercury-free LED light source, this eco-friendly scanner is low in heat dissipation and power consumption, allowing users to be energy efficient and cost effective.

Users can connect the scanner to their PC with a single USB cable to start scanning. Users can also power up the Epson Perfection V39II scanner with their laptop's USB port.

"We are thrilled to announce the launch of the Epson Perfection V39II scanner," said Prabagaran S, Senior General Manager - SCN/SIDM/SP, Epson India. "This new scanner offers superior convenience, reducing clutter and hassle with a simple setup. It enables users to be energy-efficient and cost-effective.” Prabagaran adds.

Features of the Epson Perfection V39III Photo and Document Scanner

Easy set up: Connect with a single USB cable to start scanning and power up with your laptop's USB port for on-the-go convenience

Remarkable Versatility: Compact size and built-in kickstand allow for upright scanning in tight spaces

Zero Warm-up Time, Eco-friendly Feature: With Epson’s ReadyScan LED Technology, the Epson Perfection V39II scanner starts scanning instantly with no warm-up time required.

Low power consumption: Featuring a mercury-free LED light source, this eco-friendly scanner is low in heat dissipation and power consumption, giving you energy and cost savings.

L&T Technology Services And Critical Manufacturing To Support Danfoss’ Smart Manufacturing Journey

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, today announced its partnership with Critical Manufacturing, the provider of innovative, future-ready Manufacturing Execution Systems (MES). The strategic alliance initially sees the companies working with the multi-national engineering group, Danfoss, to implement a comprehensive digital framework that harnesses cutting-edge technologies and next-gen capabilities.

LTTS works with plant operators worldwide to optimize efficiency, improve productivity, and simplify operations while ensuring compliance with global sustainability standards. The Critical Manufacturing MES is designed from the ground-up to embrace Industry 4.0 technologies and provide a comprehensive pathway to smart manufacturing of sophisticated and complex products.

Abhishek Sinha, Chief Operating Officer and Board Member at L&T Technology Services, said, “The advanced Critical Manufacturing MES complements our industry-leading technology services. Our combined expertise and understanding of the markets we serve, supported by the most modern MES platform for Industry 4.0 success, will enable us to drive better business outcomes for our manufacturing and industrial clients.”

The selection of the Critical Manufacturing MES is part of a Smart Manufacturing Journey for Danfoss, with aims to achieve greater visibility, create transparency, enhance quality, secure IT/OT operations, and faster time to market. The platform will help standardize operations and processes to improve business process outcomes, compliance, and risk management.

“We selected the Critical Manufacturing MES because of its best of suite capabilities that allows users to take advantage of different functionalities within the same unified architecture which is expected from a modern MOM platform,” comments Tarun Chopra, Sr. Director, Head of Manufacturing Service, Danfoss Group IT. “The product has been designed for the future and will enable us to drive innovation within our business. The improvement in operational efficiency and cost management control gives us a clear return on investment and will enable us to respond more quickly to changing market demands.”

Danfoss has a large global presence with 97 factories in more than 20 countries worldwide. The initial MES deployment will be within the Danfoss Climate Solutions segment. This segment is focused on leading the way to a greener future with integrated, energy-efficient heating and cooling solutions that enhance sustainability across areas including buildings, cold chains, industry, and infrastructure.

LTTS offers consulting, engineering, and implementation services to drive global digital transformation initiatives across sectors including semiconductors, electronics, medical devices, and discrete manufacturing. These are sectors where the Critical Manufacturing MES offers rich functionality and is recognized as being one of the most innovative, flexible, and comprehensive platforms to support businesses on their journey to Industry 4.0.

Chopra continues, “While the Critical Manufacturing MES is being implemented in our Climate Solutions segment, we are also in the process of defining a global MES roadmap. The ease of deployment of the platform and its performance is an important element as we continue our pathway to digitalization and standardization throughout the global Danfoss group.”

“The use of DevOps within our platform means that new functionality and upgrades can be quickly and easily deployed and new sites added, ensuring the system is always future-ready,” comments Augusto Vilarinho, Head of Global Sales at Critical Manufacturing. “This supports Danfoss, LTTS and Critical Manufacturing’s aligned visions to take manufacturing to a future state that will deliver new benchmarks in the levels of efficiency, quality, agility, and sustainability.”

“The Danfoss digitalization project is an important starting point for our partnership. Going forward, we will work together to uncover opportunities and drive better business outcomes for our joint global customers. Together, we will engineer a sustainable tomorrow and build a better future for the world,” adds LTTS’ COO Abhishek Sinha.

Critical Manufacturing works closely with a strong network of certified global partners to ensure customers have access to domain and application experts and are supported throughout their projects.

Vilarinho concludes, “This is an exciting time for our companies, and we are looking forward to a long relationship with Danfoss and LTTS as a strategic partner. I strongly believe that together we will reach new goals and raise the bar for manufacturing worldwide.”

About Danfoss A/S:

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification. Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities. Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42,000 people, serving customers in more than 100 countries through a global footprint of 97 factories. www.danfoss.com  

About Critical Manufacturing

Critical Manufacturing, leader in the Gartner Magic Quadrant and a subsidiary of ASMPT, provides the most modern, flexible and configurable manufacturing execution system (MES) available. Critical Manufacturing MES helps manufacturers stay ahead of stringent product traceability and compliance requirements; reduce risk with inherent closed-loop quality; integrate seamlessly with enterprise systems and factory automation, and provide deep intelligence and visibility of global production operations.

As a result, our customers are Industry 4.0 ready. They can compete effectively and profitably by easily adapting their operations to changes in demand, opportunity, or requirements, anywhere, at any time. For more information, visit www.criticalmanufacturing.com

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 22,200 employees spread across 22 global design centers, 28 global sales offices and 99 innovation labs as of March 31, 2023. For more information,  visit https://www.LTTS.com/

Ireland India Business Association (IIBA) Expands Horizons: Launches Subsidiary In India To Boost Ireland-India Trade Relations

The Ireland India Business Association (IIBA) is dedicated to foster commercial links between Indian and Irish businesses, announces the launch of its subsidiary in India. The formation of IIBA Foundation (India) is a significant milestone that strengthens IIBA's commitment to knowledge sharing and networking among Irish and Indian business communities as well as facilitating bilateral trade and cooperation between the two nations.

The launch in India underscores the shared commitment to strengthen and expand the trade relationship between the two countries, which is visible in the tripling of India-Ireland bilateral trade in goods and services over the past decade, reaching a significant value close to Euro 10 billion. The IIBA which was formed in Ireland in 2008 has been highly successful in promoting and bolstering bilateral business relations through close working relationships with leading Indian and Irish business associations, trade bodies and government agencies.

Mr. Brendan Ward, Ambassador of Ireland in India, said, “India is the fastest growing large economy in the world and Ireland is the fastest growing economy in Europe. With economic and trade relations between India and Ireland growing rapidly, IIBA will play a major role in raising awareness of the opportunities offered in both countries and encouraging investment.”

Ms. Tanaz Buhariwalla, India Director, IDA Ireland said- “The registration of the Ireland India Business Association (IIBA) in India is a milestone reflecting the importance of the economic relationship between India and Ireland. Close to 100 Indian companies have chosen Ireland as their international home, capitalizing on Ireland's unique geographic advantage as a gateway to the EU and its reputation as a top 15 innovative country. The IIBA will play a crucial role in strengthening commercial ties between our nations, fostering collaboration, facilitating business development and knowledge exchange leading to bilateral economic growth. As Ireland's investment promotion agency, IDA Ireland acknowledges the significant value that the IIBA brings to the table, and we remain dedicated to supporting its efforts in promoting bilateral trade and cooperation."

Mr Saurav Sanyal, Chairman IIBA (India) said, “The launch of Ireland India Business Association in India marks a significant step forward in strengthening the commercial bonds between our two nations. We are eager to create a platform that fosters collaboration, facilitates business expansion, and generates opportunities for growth. Together, we can unlock the immense potential that lies within the Ireland-India trade corridor. The launch in India reaffirms IIBA's commitment to facilitating a vibrant and growing trade relationship between Ireland and India.”

The IIBA has formed sector-specific working groups, which focus on sectors such as Technology, Food & Agribusiness, Health and Pharmaceuticals, Education, Aviation, and Startups. Since its inception, the IIBA has garnered a diverse membership base, including prominent entities such as IDA Ireland, Enterprise Ireland, Tata Consultancy Services, WIPRO, HCL, Infosys, and number of small and medium sized businesses across various sectors in India and Ireland. This broad representation reflects the IIBA's ability to connect businesses from different industries and facilitate collaborative opportunities. The growing membership underscores the significance of the growing trade relationship and commercial opportunities between India and Ireland. This is likely to be further enhanced through the Free Trade Agreement being negotiated with the European Union.

A launch event was hosted at the Irish Consulate in Mumbai, which was graced by senior executives from Ireland and India including representatives from the Irish Embassy in India, industry leaders, prominent members of the business communities from India and Ireland and representatives from leading Indian educational institutes. This gathering not only celebrates the establishment of IIBA in India but also lays the foundation for a fruitful collaboration between Irish and Indian business.

Capri Global Capital Consolidated AUM Crosses Rs 100 Billion

The Board of Directors of Capri Global Capital Ltd. (CGCL), a non-deposit taking and systemically important NBFC (NBFC-ND-SI) on Monday, May 22nd, 2023 announced the audited financial results for the quarter and year ended March 31, 2023. Key takeaways as follows: 

A Momentous Year 

The year FY23 was momentous in many ways for Capri Global. The car loan business scaled new heights, originating Rs60,133mn in new car loans, an increase of 3.5x YoY. The Company launched its Gold Loan business in Aug’22 and by Mar’23, scaled it to a very meaningful network of 562 branches and Rs11,259mn AUM. Share of retail loans in consolidated disbursals increased to 65% from 50% in FY22. And in Mar’23, the Company raised Rs14,400mn equity capital through a well-received Rights Issue. The standout highlight was CGCL’s consolidated net profit for FY23 Rs2,047mn, which despite a strong organic growth push and associated rise in opex, nearly matched the FY22 consolidated net profit Rs2,050mn. The strong business performance and resilient earnings places CGCL firmly in the saddle to deliver mid-teen RoE over medium term. 

Earnings – Profitability Bounces Back 

Rising share of higher yielding loan portfolio expanded spreads 36bps QoQ to 6.64% in Q4FY23. NII increased 31% YoY / 25% YoY in Q4FY23 / FY23 respectively. Share of non-interest income in net income increased to 36% / 33% in Q4FY23 / FY23 respectively compared to 23% in FY22. Non-interest income was boosted by car loan fees and co-lending income. Non-interest income was up 21% QoQ / 65% YoY in Q4FY23. For FY23, non-interest income increased 2.1x YoY to Rs2,977mn. 

Opex in absolute terms increased sequentially. Branch additions as well as headcount increase contributed to the opex increase. However, the C/I ratio saw a soft sequential moderation to 68%. Adjusted for direct expenditure incurred on Gold Loan branch additions, the cost-income ratio in Q4FY23 / FY23 would have been ~48%.   

The Q4FY23 Consolidated Profit after Tax Rs649mn was up 55.4% YoY and 73.4% QoQ. The Q4 FY23 Consolidated RoE was 11.7% while RoA was 2.6%.  

Balance Sheet – Consolidated AUM Crosses Rs100bn 

Disbursals in Q4FY23 increased 87% YoY and 55% QoQ to Rs28,110mn. Disbursals in FY23 are up 70% YoY at Rs72,902mn. On a full year basis, Gold Loans had a 26% share in disbursals while MSME and Housing contributed 26% and 17% respectively. CF and IL together had a share of 36%.  

Consolidated AUM including co-lending AUM increased ~56% YoY and ~19% QoQ to touch Rs103,204mn. CGCL aims to maintain the lending momentum and grow its loan book between 35-40% YoY in FY24. 

Asset Quality – Steady Improvement 

Gross Stage 3 ratio softened to 1.59%, lower 81bps YoY and 73bps QoQ. The PCR on Stage-3 assets was 32%. Including aggregate ECL provisions, the PCR stood at 115%. 

Strong Capital Adequacy 

CGCL concluded the Rs14,400mn Rights Issue in Mar’23. The CAR improved from 24.2% in Q3FY23 to 39.9% in Q4FY23. The Company is well capitalized from a 5-year perspective.  

Founder & Managing Director Mr. Rajesh Sharma Commented: 

“Capri Global navigated well the business scenario during FY23. It was a period of turmoil in global financial space with high inflation, bank runs and bank collapse, and a tight policy environment in advanced economies. Despite the progressively tightening rate environment domestically, CGCL made the most of the growth opportunities in existing businesses while launching and scaling new businesses. Our faith and confidence in our execution capabilities is derived from this experience as well as our business model that is differentiated to serve a customer class not served by leading financial institutions. The equity infusion in Mar’23 has boosted CGCL’s capital adequacy significantly. In FY24, our endeavour shall be growth and profitability. The Company is well-positioned to deliver a 35-40% AUM growth in FY24.”  

Motorola Unveils “Edge 40” Smartphone At Just Rs. 29,999

motorola edge 40 is the world’s slimmest* 5G smartphone (7.58mm) featuring IP68 underwater protection and an incredibly premium design with PU vegan leather finish with a sandblasted aluminum metal frame. 

motorola edge 40 is the world's first smartphone powered by the blazing fast MediaTek Dimensity 8020 Processor and the segment's first 144Hz 3D curved display for a seamless performance  

Featuring the flagship grade camera aperture of f/1.4, the motorola edge 40 comes with 50MP advanced camera with OIS and 2um ultra pixel technology, Instant all-pixel focus and horizon-lock which enables stunning pictures and videos in any light. 

Motorola edge 40 additionally is the 1st smartphone in its segment with wireless charging support and eSIM compatibility. 

The motorola edge 40 will be available at just Rs.29,999 from 30th May 12 noon onwards, on Flipkart, Motorola.in and leading retail stores.  

Consumers can buy it at an amazing offer price starting just Rs. 27,999 (including exchange bonus offer of Rs 2000) or at just Rs. 5,000/month with No Cost EMIs from leading banks. 

Consumers can also grab the limited period Pre-order offer of Screen Damage Protection worth Rs 9500, if booked before 30th May, exclusively on Flipkart. 

 Motorola, India’s best 5G smartphone brand, today announced the launch of motorola edge 40, the latest addition to its premium edge franchise; disrupting the Indian smartphone market with many world’s first and segment first features.  

The edge 40 is the world’s Slimmest 5G smartphone with an IP68 rated underwater protection. While being super slim, it is light weight too. The smartphone has premium vegan leather finish with metal frame providing a soft tactile touch along with a solid grip and comes with exciting colors (Green and Black). It also comes with an option of PMMA acrylic glass finish in blue color. The IP68 feature makes it an ideal smartphone of choice for those seeking an adventure-packed life without worrying about accidental water submersion. Mixing style and performance, the edge 40 comes with world's 1st MediTek Dimensity 8020 Processor along with the segment first 144Hz 3D curved display (6.55" pOLED HDR10+), Plus an incredible 50MP camera setup with the widest f/1.4 aperture available in a smartphone, OIS and flagship grade features such as Horizon lock that allow for stunning images and videos in any light.  

In terms of performance, motorola edge 40 boasts the blazing fast MediaTek Dimensity 8020 chipset that offers smoother gaming experience with faster frame rates and supports higher resolution videos along with fast download speeds on 5G and Wi-Fi networks. This Dimensity 8020 chipset also delivers faster CPU and GPU speeds and greater power efficiency, making it easy to keep up with daily tasks and longer battery backup. Supported with 8GB RAM for smoother multitasking, and 256GB UFS 3.1 storage consumers get ample room for photos, movies, songs, apps, and games. Staying true to its promise of providing the best 5G phones in India, the motorola edge 40 is no exception, providing support for 14 5G bands, 3 Carrier Aggregation and WiFi 6 for seamless and fast connectivity.  

Furthermore, when streaming content and playing games, a big, beautiful display is paramount, and the motorola edge 40 delivers a 6.55” 144Hz pOLED display that features borderless 3D curved edges for an all-encompassing view. The immersive display is complete with Full HD+ resolution, which makes for a sharper picture with less pixelation, along with HDR10+ certification and DCI-P3 color range for a wider range of colors that appear more vivid and true to life. When gaming, scrolling or multitasking, consumers can also take advantage of a fast and fluid 144Hz refresh rate to smoothly navigate their device.  The cinematic viewing experience is accompanied by immersive audio with Dolby Atmos®, which invites listeners into a richer audio experience by bringing out more depth, clarity, and details across their favorite entertainment – whether enjoyed through the device’s stereo speakers or headphones. Plus, Motorola Spatial Sound makes the sound coming from users’ headphones or speakers feel more immersive as it fills the space around them when they’re listening to music or playing games. Altogether, the motorola edge 40 display and audio offerings deliver an entertainment experience that is captivating and true to life. 

For photography enthusiasts, the smartphone features an advanced camera system with its 50MP main camera having widest aperture available in a smartphone of f/1.4, a fast-focusing ambient light sensor, OIS, and a massive 2.0?m ultra pixel that captures tons of light for sharper photos. Moreover, the smartphone supports a 13MP ultrawide camera with Macro Vision letting users fit more in the frame or get closer to their subject, along with a 32MP hi-res selfie camera that guarantees excellent group or solo shots in all lighting conditions. Additionally, there are multiple flagship grade camera features such as Horizon Lock Stabilization, Video Portrait, Audio Zoom and Vlog Mode for users to explore their creativity without boundaries. The horizon lock feature is another segment first and advances level of OIS which impeccably captures action shots, keeping the camera stable even while rotating up to 360 degrees thus making users not worrying of shaky videos. Additionally, the processing occurs in real-time, without latency, ensuring clear images. 

Additionally, the smartphone features a powerful 4400mAh battery that provides long-lasting battery life, perfectly matching the fast-paced lifestyle of today’s generation. The 68W TurboPowerTM charging also allows users to recharge their phone in just 10 minutes, giving enough power to last the day. It comes with powerful 68W charger in the box with C2C cable which makes reverse charging of other devices also possible through this smartphone. For added convenience, there is also an option of 15W wireless charging which makes Motorola edge40 the 1st and only smartphone in this segment to support wireless charging. 

This revolutionary device runs on latest Android 13 and provides enhanced security with its Moto Secure and Thinkshield for mobile security. The Moto Secure feature is a go-to destination for all the vital security and privacy features on a user’s smartphone. With this feature users can manage network security, control app permissions, and even create a secret folder for their most sensitive data.  

This is also the 1st Android smartphone in its segment to feature an eSIM option which offers better security and data encryption between the device and sim. It also has a physical sim support along with e-SIM thus making it a dual sim smartphone. To enhance the overall smartphone experience of users, motorola edge 40 also comes equipped with the exclusive features like Ready For and Family Spaces. The Ready For feature lets users connect their smartphone wirelessly to a TV to play mobile games, make video calls, and use the smartphone’s apps on a big screen. While the Family Spaces feature allows a Motorola user to remotely control another Motorola smartphone user's screen for remote guidance, selecting interface of certain apps, exercising parental control, and managing the timing of other users, especially kids, using the apps on their smartphone. 

Commenting on the launch, Mr. Prashant Mani, Executive Director - Motorola Asia Pacific, said, " motorola edge 40 is the perfect blend of cutting-edge technology, impeccable design and software experiences, that caters to the ever-evolving demands of our consumers. It exemplifies our commitment to providing our consumers with the best-in-class smartphone experience, that enables them to stay ahead in today's fast-paced world. We are confident that this will be a game changer in India’s smartphone market, setting new benchmarks for its segment.” 

With its competitive pricing and impressive specs, the Motorola Edge 40's is a stand out device, appealing to many different consumer cohorts, be it tech enthusiasts, gamers, security conscious consumers or individuals looking to accessorize their style. 

Availability & Pricing  

The motorola edge 40 is available in three stunning colour variants, Reseda Green and Eclipse Black in vegan leather finish and Lunar Blue in PMMA (acrylic glass) finish. The smartphone will go on sale from 30th May 2023, 12 PM on Flipkart, Motorola.in and leading retail stores including Reliance Digital.  

Launch Price: Rs. 29,999  

The product will also be available on Pre-order starting 23rd May, 12PM onwards on Flipkart. 

Affordability Offers: 

Consumers can choose from the following two offers to purchase the device: 

Rs. 2,000 Additional bump-up on exchange – making the effective price of the product Rs. 27,999 

No Cost EMIs up to 6 months on HDFC, SBI, ICICI and AXIS bank cards – making the effective ownership cost Rs.5,000/month. 

Exclusive Pre-order Offer:  

Pre-order consumers get an exclusive Screen Damage Protection Plan** for getting a 1-time screen replacement worth Rs 9500. This offer is available exclusively on Flipkart and valid till 30th May, 2023 – 11:59 am only.  

To know more about the product visit:    

Flipkart - https://www.flipkart.com/motorola-edge40-f23eewg3-coming-soon-store 

Motorola website - https://www.motorola.in/smartphones-motorola-edge-40/p 

Operator Offers: 

Consumers can avail additional benefits worth Rs. 3100 from Reliance Jio. 

This includes 100GB of additional 5G data (10GB per month) worth Rs 1000 along partner offers from Ajio, Ixigo, ET Prime worth Rs 1050. 

To know more about the offer:  www.jio.com/en-in/jio-motorola-edge40-offer-2023 

*T&C Apply. Effective price including the limited period exchange. 

**T&C Apply as per Flipkart Screen Damage protection plan