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Textiles company Himatsingka Seide announced consolidated Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Consolidated Total Income for Q4FY24 stood at Rs 702.80 crore vs Rs 691.88 crore in Q4FY23, a increase of 1.6% YoY.
- Consolidated EBITDA for Q4FY24 grew by 21.1% and stood at Rs 150.55 crore vs Rs 124.30 crore in Q4FY23.
- The EBITDA Margin for Q4FY24 stood at 21.4% Vs 18.0% during Q4FY23.
- Consolidated EBIT for Q4FY24 stood at Rs 112.91 crore vs Rs 84.30 crore in Q4FY23.
- Consolidated PBT for Q4FY24 stood at Rs 30.06 crore vs Rs 35.87 crore in Q4FY23.
- Consolidated PAT for Q4FY24 stood at Rs 23.74 crore vs Rs 22.35 crore in Q4FY23.
FY24 Financial Highlights:
- Consolidated Total Income for FY24 stood at Rs 2,862.59 crore vs Rs 2,752.76 crore in FY23, an increase of 4.0% YoY.
- Consolidated EBITDA for FY24 grew by 78.4% and stood at Rs 617.33 crore vs Rs 346.04 crore in FY23. The
- EBITDA Margin for FY24 stood at 21.6% vs 12.6% during FY23.
- Consolidated EBIT for FY24 stood at Rs 459.24 crore vs Rs 182.01 crore in FY23.
- Consolidated PBT for FY24 stood at Rs 162.77 crore vs loss of Rs 75.23 crore in FY23.
- Consolidated PAT for FY24 stood at Rs 112.83 crore vs loss of Rs 64.08 crore in FY23
Commenting on the Company’s performance, Shrikant Himatsingka, Executive Vice Chairman & Managing Director said: “Our Q4 financial performance remained stable as we were focused on consolidating our operating performance and metrics. We remain focused on increasing our capacity utilisation levels and market share across key regions and channels we operate in. Himatsingka is working to grow its India presence and therefore the domestic market will remain a strategic priority for us in the medium term.”
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