La Opala RG, a leading manufacturer of tableware and kitchenware, has announced its financial results for the quarter and year ending on March 31, 2024.
Q4FY24 Financial Highlights:
Revenue from Operations: ₹83 crore (compared to ₹109 crore in Q4FY23)
EBITDA: ₹26 crore (compared to ₹40 crore in Q4FY23)
EBITDA Margin: 31% (compared to 37% in Q4FY23)
PAT: ₹24 crore (compared to ₹29 crore in Q4FY23)
FY24 Financial Highlights:
Revenue from Operations: ₹365 crore (compared to ₹452 crore in FY23)
EBITDA: ₹136 crore (compared to ₹172 crore in FY23)
EBITDA Margin: 37% (compared to 38% in FY23)
Key Points:
Decline in Revenue and Profitability: Q4FY24 saw a decline in revenue and profitability compared to the same quarter in the previous year. However, the company attributes this to an extensive range of value-added products, leading to better realizations.
Consistent EBITDA Margin: Despite the decline in revenue, La Opala RG has managed to maintain a consistent EBITDA margin throughout FY24.
Dividend Announcement: The Board of Directors has recommended a dividend of ₹10 per equity share, including a special dividend of ₹5 per equity share, for the financial year ended March 31, 2024, subject to shareholder approval.
Further Information:
For a detailed analysis and further insights into La Opala RG's performance, you can refer to the following resources:
La Opala RG Investor Relations: https://www.laopala.in/investors
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/venky
5paisa Share Price: https://www.5paisa.com/stocks/laopala-share-price
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