Monday, June 17, 2024
News

Uravi T & Wedge Lamps Announces Growth Revenue Up by 50 per cent, EBITDA Soars 196 per cent in Q4 FY24

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

| May 25, 2024 2:03:06 PM IST
PNN

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 Rs 11.34 Cr, YoY growth of 50.10 per cent

- EBITDA of Rs 1.93 Cr, YoY growth of 195.65 per cent

- EBITDA Margin of 17.01 per cent, YoY growth of 837 Bps

- PAT of Rs 0.55 Cr, YoY change Loss to profit

- PAT (%) of 4.88 per cent, YoY change Loss to profit

- EPS of Rs 0.5, YoY change Loss to profit

FY24

-Total Income of Rs 42.68 Cr, YoY growth of 23.29 per cent

- EBITDA of Rs 7.11 Cr, YoY growth of 28.65 per cent

- EBITDA Margin of 16.65 per cent, YoY growth of 69 Bps

- PAT of Rs 2.13 Cr, YoY growth of 145.83 per cent

- PAT (%) of 5.00 per cent, YoY growth of 249 Bps

- EPS of Rs 1.94, YoY growth of 145.57 per cent

Commenting on the performance, Niraj Gada, Managing Director and CEO said, "We are extremely happy to report ~ 150 per cent 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."

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Foreign investors return to Indian marke...
India produced over 40 quantum technolog...
India to become 3rd largest economy with...
Bring GST under three-rate structure wit...
Self-help groups to showcase their produ...
Rupee depreciation against dollar minisc...
More...
 
INDIA WORLD ASIA
IAF contingent participates in Exercise ...
'This is a big issue...': Kapil Sibal de...
CDS Gen Anil Chauhan visits Srinagar-bas...
Celebrations across India for Eid Al-Adh...
J-K: Gunshots heard in Bandipora, search...
Many Delhi residents make beeline for wa...
More...    
 
 Top Stories
New Zealand PM travels to Japan in ... 
T20 WC: Tanzim Hasan Sakib's brilli... 
Indian national Nikhil Gupta, accus... 
J-K: Gunshots heard in Bandipora, s... 
Many Delhi residents make beeline f... 
T20 WC: Top knocks by Asalanka, Kus... 
Over 2.5 lakh Tripura farmers to re... 
Bihar: Several seized bikes gutted ...