Invest
Shivalik Bimetal Controls Ltd.
Q4FY23 Quarterly & FY23 Annual Result Announced for Shivalik Bimetal Controls Ltd.
Other Industrial Goods company Shivalik Bimetal Controls announced Q4FY23 & FY23 results:
- Total Income Growth: A remarkable 29.70% increase in total income for FY23, and a notable 23.30% increase in total income for Q4FY23 compared to Q4FY22, showcasing the Company's strong revenue generation capabilities.
- EBITDA Surge: An impressive 41.94% growth in EBITDA for FY23, and a significant 39.44% growth in EBITDA for Q4FY23 compared to Q4FY22, indicating considerable improvement in operational efficiency.
- PAT Expansion: A robust 39.60% increase in profit after tax (PAT) for FY23, and a substantial 40.97% increase in profit after tax (PAT) for Q4FY23 compared to Q4FY22, highlighting the Company's ability to translate operational improvements into bottom-line results.
"We are pleased to announce outstanding year-end financial results, with robust growth across each product group," said Mr. S.S. Sandhu, Chairman. "Our team has worked tirelessly to sustain our industry leadership, and deliver quality products that meet our customer’s expectations. We are experiencing significant demand for our both products. Underscoring our DNA for engineering and technical excellence, we continue our commitment to providing high-quality, reliable products to our OEMs and investing in innovation to maintain our pole position.”
Mr. Rajeev Ranjan, Chief Financial Officer, added, "Our strong financial year end has a YoY increase of 31.50% in gross profit margin and a significant YoY growth of 41.94% in EBITDA to reach Rs. 104.37 crore for FY23. This performance clearly reflects our innate ability to generate strong operating cash flows and maintain financial and operational discipline. We have leveraged our long-standing relationships and initiated new commercial partnerships to drive growth across our product segments. We are confident in sustaining this momentum and driving long-term value for our shareholders.”
FAQ’s on Shivalik Bimetal Controls Ltd Shares
