Mumbai (Maharashtra) [India], May 25: Uravi T & Wedge Lamps Limited (NSE Code: URAVI, BSE Code: 543930), one of the leading manufacturers and supplier of incandescent and wedge -based automotive lamps, has announced its Audited Financial result for Q4 FY24 and FY24.
Key Financial Highlights
Q4 FY24
-Total Income of ₹ 11.34 Cr, YoY growth of 50.10%
– EBITDA of ₹ 1.93 Cr, YoY growth of 195.65%
– EBITDA Margin of 17.01%, YoY growth of 837 Bps
– PAT of ₹ 0.55 Cr, YoY change Loss to profit
– PAT (%) of 4.88%, YoY change Loss to profit
– EPS of ₹ 0.5, YoY change Loss to profit
FY24
-Total Income of ₹ 42.68 Cr, YoY growth of 23.29%
– EBITDA of ₹ 7.11 Cr, YoY growth of 28.65%
– EBITDA Margin of 16.65%, YoY growth of 69 Bps
– PAT of ₹ 2.13 Cr, YoY growth of 145.83%
– PAT (%) of 5.00%, YoY growth of 249 Bps
– EPS of ₹ 1.94, YoY growth of 145.57%
Commenting on the performance, Mr. Niraj Gada, Managing Director and CEO said, “We are extremely happy to report ~ 150% growth in FY24. We are confident that the growth momentum will continue in the future with our strategies to expand our product portfolio to include two-wheeler electric vehicles (2W EVs) and by exploring international collaborations in LED manufacturing. Our focus on innovation and high-quality deliverables in both domestic and international markets will propel us to new milestones.”
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