Krishca Strapping Solutions achieved a significant milestone by surpassing Rs 100 Cr in revenues for FY24

H2 FY24

Total Income of ₹ 56.80 Cr, HoH growth of 16.18%

EBITDA of ₹ 11.89 Cr, HoH growth of 42.25%

EBITDA Margin of 20.94%, HoH growth of 384 Bps

PAT of ₹ 7.56 Cr, HoH growth of 33.25%

PAT (%) of 13.32%, HoH growth of 170 Bps

EPS of ₹ 6.33, HoH growth of 23.39%

FY24

Total Income of ₹ 105.68 Cr, YoY growth of 45.95%

EBITDA of ₹ 20.26 Cr, YoY growth of 46.02%

EBITDA Margin of 19.17%, YoY growth of 1 Bps

PAT of ₹ 13.24 Cr, YoY growth of 41.73%

PAT (%) of 12.53%

EPS of ₹ 11.46, YoY growth of 7.30%

Commenting on the performance, Mr. Lenin Krishnamoorthy Balamanikandan, Chairman & Managing Director, Krishca Strapping Solutions Limited said, “We are thrilled to report strong revenue and profit growth for FY24, achieving the milestone of over ₹100 crore in revenues. Going forward, our strategies of expanding production capacity for ultra-high tensile, a high-margin product, and strengthening our position in packaging contracts will significantly bolster our financial performance in the near future.

We are resolute in our pursuit to capture a substantial share of the domestic market while simultaneously expanding our footprint in the export market. Looking ahead, we are planning to set up operations in the Middle East and enhance our operational efficiency through the development of an ERP system. We are continuously striving to participate in more contracts and establish a stronger presence in the market.

With these strategic initiatives and market expansion efforts, we are optimistic about our growth and profitability prospects. We believe we are well-positioned to capitalize on new opportunities and drive sustained financial performance in the coming years.”

Highlights for H2 FY24 (January 2024 – March 2024)

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.