Satia Industries Ltd., a prominent player in the paper and packaging industry, has announced its financial results for the fiscal year 2023-24 (FY24).
Key Highlights:
Revenue: ₹17,208 million (9% decline YoY due to industry headwinds and challenging demand environment)
Gross Margins: Improved to 57.1% in FY24 (compared to 52.7% in FY23), driven by lower raw material prices.
EBITDA: ₹4,187 million (compared to ₹4,118 million in FY23).
EBITDA Margin: Increased significantly from 21.9% in FY23 to 24.3% in FY24, showcasing a 247 bps improvement.
Net Profit: ₹2,112 million (10% increase YoY)
EPS: ₹21.12 (compared to ₹19.22 in FY23)
Additional Points:
Strong Order Book: The company maintains a healthy order book, suggesting a positive outlook for future growth.
Focus on Sustainability: Satia Industries has been actively working on reducing its environmental footprint and adopting sustainable practices.
For further information and analysis, you can refer to the following resources:
Satia Industries Website (Investor Relations): https://www.satiagroup.com/quarterly-results/
5paisa Share Price: https://www.5paisa.com/stocks/satia-share-price
The Economic Times Financial Summary: https://economictimes.indiatimes.com/satia-industries-ltd/yearly/companyid-18522.cms
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