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Commercial Services company Krystal Integrated Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Revenue for the quarter was Rs 292.2 crore in Q4FY24, a YoY increase of 52.0%
• EBITDA (excluding other income) stood at Rs 18.8 crore in Q4FY24, YoY increase of 97.7%. EBITDA Margin was 6.4% in Q4FY24, rising 149 bps
• PAT was reported at Rs 15.7 crore in Q4FY24, vis-à-vis Rs 9.2 crore in Q4FY23, while PAT Margin stood at 5.4%

FY24 Financial Highlights:

• Revenue for the full year was Rs 1,026.8 crore in FY24, a YoY increase of 45.1%
• EBITDA was at Rs 68.7 crore for FY24, YoY increase of 37.8%. EBITDA Margin was 6.7% for FY24
• PAT for the year was Rs 49.0 crore compared to Rs 33.8 crore in FY23, while PAT Margin stood at 4.8%
• The Board has recommended Dividend of Rs 1.50/- per equity share, i.e. 15% of face value Rs 10/- each, subject to shareholders’ approval

Commenting on the performance, Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said, “I am pleased to share that the company has performed better than expectations, closing the fiscal year on a strong note. In FY24, our top line has grown 45.1% YoY to Rs 1,026.8 crore, crossing the Rs 1,000 crore mark for the first time. EBITDA and PAT increased 37.8% and 45.2% to Rs 68.7 crore and Rs 49.0 crore, respectively.

The growth mainly came from a robust increase in our order book as we continued to secure new contracts. We are strategically diversifying our business by expanding our corporate partnerships to reduce our reliance on government contracts. Concurrently, we are broadening our service offerings to include a more comprehensive portfolio.

Overall, we have entered the new fiscal year on an optimistic note and aim to sustain this momentum in the coming quarters. I would like to thank the entire team at Krystal and all our stakeholders for their continued support."

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