Biotechnology company Advanced Enzyme Technologies announced Q1FY24 results:
- Revenue from operations on a consolidated basis increased to Rs 1,473 million in Q1FY24 from Rs 1,211 million in Q1FY23, a growth of 22%.
- Consolidated EBITDA during Q1FY24 stands at Rs 440 million as compared to Rs 309 million during Q1FY23, an increase of 42%.
- Profit before tax stands at Rs 414 million during Q1FY24 as against Rs 237 million in Q1FY23, an increase of 75%.
- Profit after tax grew by 67% and stands at Rs 294 million during Q1FY24 as compared to Rs 176 million during Q1FY23.
- EBITDA margin stands at 30%, PBT margin stands at 28% and PAT margin stands at 20% during Q1FY24.
- Financial costs stood at Rs 7 million during Q1FY24 as against Rs 6 million in Q1FY23.
- Depreciation and Amortization charges for Q1FY24 remain unchanged at Rs 86 million as compared to Q1FY23.
- Earnings Per Share during Q1FY24 stands at Rs 2.58 as compared to Rs 1.60 in Q1FY23.