MOS Utility Limited’s FY24 net profit Up By 71 Percent

H2 FY24: 

Total Income of ₹ 105.44 Cr, YoY growth of 90.64%

EBITDA of ₹ 10.42 Cr, YoY growth of 55.41%

PAT of ₹ 6.38 Cr, YoY growth of 71.32%

EPS of ₹ 2.57, YoY growth of 7.98%

FY24

Total Income of ₹ 193.09 Cr, YoY growth of 76.07%

EBITDA of ₹ 17.85 Cr, YoY growth of 68.01%

PAT of ₹ 12.13 Cr, YoY growth of 113.61%

EPS of ₹ 4.17, YoY growth of 12.10%

Key Highlights For FY24

During the year, company acquired 51% of Indicore Infocomm Pvt Ltd, 51% of JC Ventures Pvt Ltd, and 61% of MOS Logconnect Pvt Ltd.

On April 18, 2023, the MOS Utility IPO was launched as a book-built issue worth ₹ 49.97 crores. This comprised a fresh issue of 57.74 lakh shares totalling ₹ 43.89 crores and an offer for sale of 8 lakh shares totalling ₹ 6.08 crores.

Commenting on the performance Mr. Chirag Dineshbhai Shah, Director, MOS Utility Limited “We are pleased to report a commendable growth trajectory for MOS Utility Limited. There has been a notable increase in demand for our products and Services.

We have established a dedicated field sales team focused on onboarding active agents, resulting in a substantial increase in transaction volume and revenue across various segments such as banking, utilities, travel, entertainment, and franchise operations.

Our strategic initiatives, such as expanding our field sales team, making significant investments in platform development, and executing strategic acquisitions, have positioned us for sustained growth and success. These efforts have boosted our transaction volume and revenue while enhancing our service offerings, ensuring a superior experience for our agents and end-users.

We remain dedicated to continuous innovation and expansion, driving value for our stakeholders and maintaining our competitive edge in the market.”

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.