Shanti Spintex Limited delivers strongest set of financial results for FY24, Revenue surpasses Rs. 5 billion, PAT reaches Rs. 130 million
Ahmedabad (Gujarat) [India], May 14: Shanti Spintex Limited (BSE: SHANTIDENM) (“Company”), engaged in production of denim fabrics, announced its financial results for the second half year and full financial year ended March 31, 2024. The Company continued its growth trajectory by delivering the strongest set of financial results for FY24. Key Highlights: Highest ever annual revenue achieved in FY24 amounting to INR 5.06 Billion Highest ever EBITDA of INR 246.40 million, with EBITDA Margin of 4.87% in FY24 Profit after tax increased by 28.53% in FY24 and stood at Rs. 130.18 Mn. Net debt reduced by 46.83% Y-o-Y in FY24 Consistent performance in FY24 as revenue grow by 36.59% Y-o-Y, EBITDA by 13.82% Y-o-Y and PBT by 26.58% Y-o-Y. In F.Y. 2023-24, owing to the stro...
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