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Kabra Extrusion Technik Ltd.
Q4FY23 Quarterly & FY23 Annual Result Announced for Kabra Extrusion Technik Ltd.
Industrial Machinery company Kabra Extrusion Technik announced Q4FY23 & FY23 results:
- Q4FY23:
- Operating Revenues at Rs 1,780 million in Q4FY23 as compared to Rs 1,626 million in Q4FY22 – registering growth of 9.4% YoY
- Extrusion Machinery revenues stood at Rs 1,038 million in Q4FY23 as compared to Rs 1,013 million in Q4FY22 - registering a growth of 2.5% YoY
- Battrixx revenues surged by 20.7% YoY to Rs 744 million in Q4FY23.
- EBITDA stood at Rs 234 million in Q4FY23 registering 18.7% YoY growth
- Profit After Tax was at Rs 124 million in Q4FY23
- EPS for Q4FY23 stood at Rs 3.54 as compared to Rs 3.70 in Q4FY22
- Operating Revenues at Rs 1,780 million in Q4FY23 as compared to Rs 1,626 million in Q4FY22 – registering growth of 9.4% YoY
- FY23:
- Operating Revenues at Rs 6,700 million in FY23 as compared to Rs 4,059 million in FY22 – registering growth of 65.1 % YoY
- Revenue from the Extrusion business grew by 7.7% YoY to Rs 3,198 million in FY23
- Battrixx revenues grew exponentially by 217.4% YoY to Rs 3,534 million in FY23
- EBITDA stood at Rs 741 million in FY23 as compared to Rs 549 million in FY22; up by 34.9% YoY
- Profit After Tax was at Rs 375 million in FY23 vis-à-vis Rs 303 million in FY22; up by 23.9% YoY
- EPS for FY23 stood at Rs 10.72 as compared to Rs 9.41 in FY22
- Operating Revenues at Rs 6,700 million in FY23 as compared to Rs 4,059 million in FY22 – registering growth of 65.1 % YoY
Commenting on the performance, Anand Kabra, Managing Director of Kabra Extrusiontechnik said, “Kabra Extrusion Technik reported its highest ever operating revenues at Rs 6,700 million in FY23 registering a strong growth of 65.1% YoY with both business segments reporting their highest ever revenues during the year. Battrixx revenues grew exponentially by 217.4% YoY at Rs 3,534 million in FY23. The Extrusion business sales grew by 7.7% YoY at Rs 3,198 million in FY23.
India’s Electric Vehicle (EV) sales surpassed the 1 million-units sales landmark for the first time in FY23. E-2-Wheelers contributed to 62% of overall EV sales during FY23 led by a rise in EV adoption by individuals and higher penetration due to improvised charging infrastructure.”
He also added, “Battrixx was the first EV battery-pack manufacturer to be accredited with ARAI certification under AIS 156 Amendment III Phase 2 for its batteries, conceptualized and designed in-house strategically with Hero Electric’s R&D team. Battrixx's latest battery packs offer enhanced performance maintaining the highest safety standards. We are well placed to benefit from India’s aggressive 2030 EV roadmap of a 100% electric vehicle nation.”
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