Party Cruisers Ltd Management Discussions

This section shall include discussion on the following matters within the limits set by the listed entitys competitive position:

Industry structure and developments.

The global events industry was valued at approximately USD 1.227 trillion in 2024 and is projected to reach USD 1.339 trillion in 2025 , representing a robust CAGR of around 9.1%. Over the longer term, the market is expected to expand to USD 1.912 trillion by 2029 , at a CAGR of approximately 9.3%.

The events industry is a dynamic and multifaceted sector encompassing various gatherings, from corporate meetings and conferences to sports events, exhibitions, and entertainment functions. It plays an important function in facilitating the interaction of individuals and organizations, fostering networking, and providing platforms for exchanging ideas and information. There is a growing interest, particularly among the youth, in participating in business seminars and events related to entrepreneurship.

Party Cruisers Limited is a distinguished event management company that specializes in creating extraordinary and seamless event experiences. With a strong foundation in curating and executing weddings that reflect individual stories of love, we extend our expertise to a wide array of events. Our dedicated team of event professionals thrives on innovation, attention to detail, and a commitment to exceeding expectations, making us the premier choice for any occasion.

Opportunities and Threats

Company have various opportunities to capitalize on in the dynamic and evolving events industry. Here are some potential opportunities:

Virtual and Hybrid Events : The rise of virtual and hybrid events presents an opportunity to reach a wider audience while adapting to changing preferences and circumstances.

Sustainability and Eco-Friendly Events : The demand for environmentally responsible events is growing. Companies that offer sustainable event planning and minimize environmental impact can stand out.

Experiential Marketing : Brands are increasingly using events as a way to create unique and memorable experiences that engage customers and build brand loyalty.

Technology Integration : Utilizing cutting-edge event technologies like event apps, virtual reality, and AI-powered analytics can enhance attendee engagement and streamline event operations.

Diverse Event Formats : From workshops and seminars to trade shows and product launches, offering a range of event types allows for diversification and catering to different client needs.

Niche and Specialized Events : Focusing on niche markets or specialized event types (e.g., wellness retreats, e-sports tournaments) can help target specific audiences and establish expertise.

Corporate Training and Team Building : Many companies seek event management services for team-building activities, workshops, and corporate training events.

Destination Events : Planning events in exotic or unique locations can attract clients looking for unforgettable experiences.

Crisis Management and Safety Expertise : In light of unexpected crises like the COVID-19 pandemic, event companies with crisis management expertise are in high demand.

Cultural and Diversity Celebrations: Organizing events that celebrate cultural diversity can resonate with communities seeking inclusive and meaningful experiences.

Collaborations and Partnerships: Forming partnerships with other businesses in related industries (e.g., catering, entertainment, technology) can expand your service offerings and reach.

Event Marketing and Promotion: Providing event marketing services, including social media campaigns and promotional strategies, can add value for clients.

Data Analytics and Insights: Offering data-driven insights on attendee behaviour and event success can help clients make informed decisions.

Leveraging Trends: Staying up-to-date with emerging event trends, such as immersive experiences, personalized content, and interactive elements, can differentiate your services.

Remote Work and Global Reach: With remote work becoming more common, event management companies can cater to clients from various geographic locations.

Health and Wellness Events: The focus on health and wellness has led to an increased demand for events centered on fitness, mindfulness, and personal development.

Leveraging Social Media Influence : Collaborating with social media influencers can help boost event attendance and visibility.

The success of Company depends on staying innovative, understanding market trends, building strong client relationships, and delivering exceptional experiences. Conduct thorough market research to identify the most viable opportunities for your specific region and target audience.

Segment-wise or product-wise performance

Analyzing the segment-wise or product-wise performance of Company is crucial for making informed business decisions and optimizing strategies. This analysis can help identify areas of strength, opportunities for growth, and potential areas for improvement. This are some different type of segmentation:

Event Type Segmentation:

Corporate Events: Analyze the performance of corporate events like conferences, seminars, workshops, and product launches.

Social Events: Evaluate performance in planning weddings, birthdays, parties, and other private gatherings.

Experiential Marketing: Assess the success of events designed for brand promotion and experiential marketing.

Trade Shows and Exhibitions: Evaluate performance in organizing trade shows, expos, and industry-specific exhibitions.

Industry Segmentation:

Technology: Analyze your performance in organizing technology-related events, product launches, and tech conferences.

Healthcare: Evaluate events related to medical conferences, health expos, and pharmaceutical meetings.

Finance: Assess your success in planning financial summits, investment forums, and banking conferences.

Fashion and Lifestyle: Analyze performance in fashion shows, beauty expos, and lifestyle events.

Automotive: Evaluate your effectiveness in organizing auto shows, car launches, and automotive industry events.

Product or Service Offering Segmentation:

Event Planning and Coordination: Assess the performance of your core event planning and coordination services.

Event Design and Decor: Analyze the success of your event design and decor services.

Audio visual and Technology Services: Evaluate your offerings related to AV equipment, technology integration, and virtual event platforms.

Catering and Hospitality: Measure performance in providing catering and hospitality services for events.

Entertainment and Performances: Assess the impact of entertainment options you offer, such as live music, DJs, and performers.

Geographic Segmentation :

Local Events: Analyze the performance of events held within your local region. National Events: Assess your success in organizing events on a national scale.

International Events: Evaluate performance in planning events across international borders.

Financial Performance:

Revenue: Break down revenue sources by event type, industry, or service offering.

Profit Margins: Analyze profit margins for each segment or product to identify areas of higher profitability.

Cost Analysis: Evaluate the costs associated with each segment or product offering.

Customer Satisfaction and Feedback:

Client Surveys: Gather feedback from clients for each segment to measure satisfaction levels. Referral Rate: Analyze the number of referrals generated from each segment or service.

Trend Analysis:

Market Trends: Evaluate the performance of segments based on industry trends and demands. Emerging Opportunities: Identify new segments or product offerings based on emerging trends.

Business outlook

The business outlook of Company depends on various factors such as industry trends, economic conditions, technological advancements, and the companys ability to adapt and innovate. Some general insights into what the business outlook for a Company involve:

Diversification: Offering a range of event types and services can reduce risk and expand your potential client base.

Innovation: Continuously seek new and creative event ideas and technologies to stay ahead of the competition.

Client Relationships: Strong relationships with clients can lead to repeat business and referrals.

Market Research: Regularly analyze industry trends and client preferences to adapt your services.

Risk Management: Develop robust contingency plans to handle unexpected challenges that could impact events.

Sustainability: Embrace eco-friendly practices and market your companys commitment to sustainability.

Technology Adoption: Stay updated with event technology trends and integrate relevant solutions into your offerings.

Risks and concerns

Company faces a variety of risks due to the nature of its operations and the industry it operates in. Understanding and managing these risks is essential to ensure the success and sustainability of the business. Here are some common risks that company encounter:

Financial Risk:

Fluctuating Revenues: Event management is often project-based, leading to inconsistent cash flows.

Cost Overruns: Unexpected expenses can arise during events, affecting profitability. Client Payment Issues: Delays or non-payment by clients can impact cash flow.

Operational Risk:

Vendor and Supplier Issues: Dependence on third-party vendors can lead to delays, quality issues, or logistical challenges.

Logistical Challenges: Poor planning or execution can result in delays, missed deadlines, and dissatisfied clients.

Technical Glitches: Issues with technology, audio visual equipment, or software during events can disrupt the experience.

Health and Safety Concerns: Ensuring attendee safety and complying with regulations is crucial, especially in light of unforeseen circumstances like accidents or health emergencies.

Reputation Risk:

Client Dissatisfaction: Failing to meet client expectations can harm the companys reputation and lead to negative word-of-mouth.

Social Media Backlash: Negative comments or experiences shared on social media can quickly damage the companys image.

Legal and Compliance Risk:

Contractual Disputes: Disagreements over terms and conditions with clients, vendors, or venues can lead to legal action.

Intellectual Property Issues: Unauthorized use of copyrighted materials can result in legal consequences.

Privacy and Data Protection: Mishandling personal data can result in legal and financial penalties.

Market Risk:

Economic Downturns: Economic instability can lead to reduced demand for events or tighter client budgets.

Competitive Pressure: The event management industry can be competitive, with new entrants and established competitors competing for clients.

Crisis Management:

Natural Disasters: Events can be affected by weather disruptions or other natural disasters.

Pandemic or Health Crises: Health-related emergencies, like the COVID-19 pandemic, can severely impact the events industry.

Security Threats: Ensuring attendee safety in the face of security threats is a significant concern.

Talent and Workforce Risks:

Staffing Challenges: Finding and retaining skilled event professionals can be difficult.

Knowledge Transfer: Dependence on specific individuals for critical tasks can lead to knowledge gaps if they leave the company.

Internal control systems and their adequacy

Internal Control Systems has been designed to provide reasonable assurance that assets are safeguarded, transactions are executed in accordance with managements authorization and properly recorded and accounting records are adequate for preparation of financial statements and other financial information. Internal check is conducted on a periodical basis to ascertain the adequacy and effectiveness of internal control systems.

Your Company has appointed M/s. Rahul Pramod & Co, Chartered Accountants, as the Internal Auditor of the Company with effect from May 14, 2024 pursuant to Section 138 of the Companies Act, 2013. The Internal Auditors are in the process of setting up a sound and adequate internal control systems corresponding with its size and nature of business. The Internal audit would be conducted by an independent professional firm on regular basis. The Audit Committee along with the Board will be reviewing these systems. These systems would ensure protection of assets and proper recording of transactions and timely reporting. The Audit Committee also regularly reviews the reports of the Statutory Auditors, and Internal Auditors.

Discussion on financial performance with respect to operational performance

The table below gives the financial highlights of the Company for the year ended 31 st March, 2025, as compared to the previous year:

(Amt in 000)

Particulars	Standalone		Consolidated
	2024-25	2023-24	2024-25	2023-24
Total Income	11,14,632	6,11,785	11,71,277	6,39,316
Total Expenses	10,03,716	5,28,445	10,55,303	5,55,564
Profit before extraordinary items and tax	1,10,916	83,340	1,15,974	83,752
Extraordinary Items	-	-	-	-

Profit before tax	1,10,916	83,340	1,15,974	83,752
Tax expense
1. Current Tax	32,671	21,500	(32,838)	(21,531)
2. Deferred Tax	(833)	(351)	1013	351
3. Excess/(Short) Provision of Tax for earlier years	0	0	0	0
Profit /(loss) after tax for the year	79,077	62,191	84,149	62,571
Less: Share of Minority Interest	-	-	1,116	89
Net profit after Minority Interest	-	-	83,033	62,482

On a Standalone basis, your Company earned revenue of Rs. 11,14,632 thousand for the FY 2024- 25 as compared to Rs. 6,11,785 thousand in the previous year. The operations have recorded a Profit of Rs. 79,077 thousand as compared to a Profit of Rs. 62,191 thousand in the previous year.

The total consolidated revenue of the Company for FY 2023-24 stood at Rs. 11,71,277 thousand as compared to Rs. 6,39,316 thousand in the previous year. The consolidated operations have recorded a profit of Rs.83,033 thousand as compared to a profit of Rs. 62,482 thousand in the previous year.

Human Resource Development

Human resources are the most valued assets of the company. They work individually and collectively contributing to the achievement of the objectives of the business. The relation between the employees and the Company remained cordial throughout the year. Your Companys corporate culture and vision and values helps unite the workforce and provide standards for how your company conducts the business. The Company has 67 (sixty seven) permanent employees on the rolls of Company as on 31 st March, 2025.

For and on behalf of Board of Directors

Party Cruisers Limited

Sd/-

Zuzer Lucknowala (DIN:-00979509)

Chairman & Managing Director

Date: 02.09.2025

Place: Mumbai