Domestic sales for the quarter ended June 30, 2024, were at INR 855.75 crores as against INR 823.94 crore during the previous year. Exports for the quarter ended June 30, 2024, were at INR 422.65 crore as against INR 347.99 crore during the previous year, registering a growth of 21.5%.
Earnings before interest, depreciation and taxes (EBITDA) for the quarter ended June 30, 2024, was at INR 223.06 crore as against INR 197.66 crore during the same period in the previous year. The Company has reported its EBITDA margin at 17.0%. The gross margin improved from 55.9% to 57.5% with the support of robust export performance, stable commodity prices and favourable product mix.
The finance cost for the quarter ended June 30, 2024, after accounting for exchange differences, was at INR 3.52 crore, as against INR 5.89 crore for the corresponding quarter in the previous year.
With the improvement in operations, the company also reports the highest ever Profit before Tax (PBT) for the quarter ended June 30, 2024, at INR 177.19 crore compared to INR 150.86 crore for the corresponding quarter registering an impressive growth of 17.4%.
Net profit for the quarter ended June 30, 2024, was at INR 131.64 crores as against INR 112.78 crore registering a growth of 16.7%.
Earnings per share for the quarter ended June 30, 2024 amounted to INR 6.26.
Consolidated Financials: The company’s consolidated revenue from operations posted for the quarter ended June 30, 2024, was at INR 1,497.67 crore compared to INR 1,410.76 crore during the same period in the previous year, registering a growth of 6.2%.
The consolidated net profit for the quarter ended June 30, 2024, was at INR 142.69 crore as against INR 128.74 crore for the same period in the previous year registering a growth of 10.8%.
The consolidated earnings per share (EPS) for the quarter ended June 30, 2024 amounted to INR 6.75.
Capital expenditure: The company incurred capital expenditure of INR 148.37 crore for the quarter ended June 30, 2024, in line with its planned capital expenditure for the financial year 2024-25.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
