Iron & Steel Products company Bharat Wire Ropes announced Q4FY23 & FY23 results:
- Q4FY23:
- Revenue from Operations Rs 1,623 million, up 21% YoY
- EBITDA Rs 457 million, up 116% YoY
- EBITDA Margins 28.16%, up 1,240 bps YoY
- PAT Rs 159 million, up 107% YoY
- PAT Margins 9.80%, up 408 bps
- Diluted EPS Rs 2.48/share, up 102% YoY
- FY23:
- Revenue from Operations Rs 5,891 million, up 43.4% YoY
- EBITDA Rs 1,388 million, up 123% YoY
- EBITDA Margins 23.56%, up 844 bps YoY
- PAT Rs 622 million, up 354% YoY
- PAT Margins 10.56%, up 722 bps
- Diluted EPS Rs 9.68/share, up 346% YoY
- Sales volumes increased by 13% YoY in FY23
- Current capacity utilisation is approximately 60-62%