Comprehension
Read the following passage and answer the questions that follow —
Private equity funds Argan Mauritius and TA Associates-backed Atria Convergence Technologies (ACT) has reported an operating revenue of 22,273 crore in FY23, up 5.4% from 22,156 crore in the previous fiscal. The company’s net profit increased 3.5% to 2,353 crore amid a 6% jump in expenses to 1,826 crore. Employee benefit expenses rose 15% to 556 crore. ACT provides broadband and cable TV services in cities and towns in Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and Delhi-NCR.
The company, which operates in over 20 cities with a dominant presence in southern India, has been expanding its presence in northern India in the last few years. Its revenue from the broadband segment jumped 6.4% to 2,081 crore while revenue from the cable TV segment decreased 3.5% to 1,192 crore. The Bengaluru headquartered company’s operating profit from the broadband segment surged 31% to 479 crore. It recorded an operating loss of 102 crore from the cable TV segment against an operating profit of 3.9 crore a year ago.
The company didn’t provide any comment for the story. It incurred a capital expenditure of 347 crore, down almost 20% from 467 crore. ACT’s revenue has been expanding as a result of increased customer demand for data for entertainment, education, and work-from-home purposes. It has a strategic partnership with Netflix, allowing its users to access Netflix subscriptions as part of their internet bundles at no extra cost
Private equity funds Argan Mauritius and TA Associates-backed Atria Convergence Technologies (ACT) has reported an operating revenue of 22,273 crore in FY23, up 5.4% from 22,156 crore in the previous fiscal. The company’s net profit increased 3.5% to 2,353 crore amid a 6% jump in expenses to 1,826 crore. Employee benefit expenses rose 15% to 556 crore. ACT provides broadband and cable TV services in cities and towns in Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and Delhi-NCR.
The company, which operates in over 20 cities with a dominant presence in southern India, has been expanding its presence in northern India in the last few years. Its revenue from the broadband segment jumped 6.4% to 2,081 crore while revenue from the cable TV segment decreased 3.5% to 1,192 crore. The Bengaluru headquartered company’s operating profit from the broadband segment surged 31% to 479 crore. It recorded an operating loss of 102 crore from the cable TV segment against an operating profit of 3.9 crore a year ago.
The company didn’t provide any comment for the story. It incurred a capital expenditure of 347 crore, down almost 20% from 467 crore. ACT’s revenue has been expanding as a result of increased customer demand for data for entertainment, education, and work-from-home purposes. It has a strategic partnership with Netflix, allowing its users to access Netflix subscriptions as part of their internet bundles at no extra cost
Question: 1
The only place in north India where ACT has its presence currently is:
The only place in north India where ACT has its presence currently is:
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In comprehension questions, focus on specific details in the passage related to the key point of the question, such as geographic locations or specific actions.
- Karnataka
- Telangana
- Bengaluru
- Delhi - NCR
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The Correct Option is D
Solution and Explanation
From the passage, it is mentioned that ACT has been expanding its presence in northern India in the last few years. The company provides broadband and cable TV services in cities and towns in various states, and Delhi - NCR is specifically mentioned as one of the regions where ACT operates.
Thus, the correct answer is Delhi - NCR.
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Question: 2
The Company which has dominant presence in southern India in broadband services is:
The Company which has dominant presence in southern India in broadband services is:
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When identifying companies or key points from a passage, focus on the specific details that describe their activities or geographic operations.
- Argan Mauritius
- TA Associates
- Atria Convergence Technologies
- Netflix
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The Correct Option is C
Solution and Explanation
The passage clearly mentions that Atria Convergence Technologies (ACT) operates in over 20 cities with a dominant presence in southern India. Hence, the company with a dominant presence in southern India in broadband services is Atria Convergence Technologies.
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Question: 3
ACT’s broadband segment operating profit increased by:
ACT’s broadband segment operating profit increased by:
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Pay attention to specific figures mentioned in the passage related to growth or changes in company metrics like operating profit.
- 5.4%
- 3.5%
- 6.4%
- 31%
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The Correct Option is D
Solution and Explanation
The passage states that ACT’s operating profit from the broadband segment surged by 31%. Therefore, the correct answer is 31%.
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Question: 4
surge : increase :: fiscal :
surge : increase :: fiscal :
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In analogy problems, look for relationships based on synonymy or functional association.
- equity fund
- financial year
- employee benefit
- Operating profit
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The Correct Option is B
Solution and Explanation
The word "surge" refers to a significant increase, and "increase" is a synonym. Similarly, "fiscal" refers to a financial period, which is synonymous with a "financial year". Therefore, the analogy is best completed by financial year.
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Question: 5
ACT is continually showing an increase in its revenue due to:
ACT is continually showing an increase in its revenue due to:
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Look for key details in the passage that explain why certain actions or outcomes are happening, such as market trends or customer behavior.
- increase in employee benefit expenses.
- its dominant presence in southern India and expansion in northern India.
- increase in its operating profit from the broadband segment.
- increased customer demand for data.
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The Correct Option is D
Solution and Explanation
The passage indicates that ACT’s revenue has been expanding as a result of increased customer demand for data for entertainment, education, and work-from-home purposes. Therefore, the correct answer is increased customer demand for data.
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