Motisons Jewellers Limited Q4FY24 Net Profit Up By 258 Percent and Net Profit Margin UP by 590 BPS
Jaipur (Rajasthan) [India], May 30: Motisons Jewellers Limited (MOTISONS, BSE & NSE: INE0FRK01012), is one of the leading Jewellery retailer has reported its Audited financials for Q4 and FY24. Key Financial Highlights Q4FY24 Particulars (₹ Cr) Q4FY24 Q4FY23 YoY Change Total Revenues 117.00 90.67 29.03% EBITDA 17.97 9.30 93.32% EBITDA (%) 15.36% 10.25% 511 BPS Net Profit 10.77 [...]
Jaipur (Rajasthan) [India], May 30: Motisons Jewellers Limited (MOTISONS, BSE & NSE: INE0FRK01012), is one of the leading Jewellery retailer has reported its Audited financials for Q4 and FY24.
Key Financial Highlights
Q4FY24
Particulars (₹ Cr)
Q4FY24
Q4FY23
YoY Change
Total Revenues
117.00
90.67
29.03%
EBITDA
17.97
9.30
93.32%
EBITDA (%)
15.36%
10.25%
511 BPS
Net Profit
10.77
2.97
257.88%
NPM (%)
9.22%
3.32%
590 BPS
EPS (₹)
1.10
0.46
139.13%
FY24
Particulars (₹ Cr)
FY24
FY23
YoY Change
Total Revenues
417.18
366.81
13.73%
EBITDA
63.75
49.60
28.53%
EBITDA (%)
15.28%
13.52%
176 BPS
Net Profit
32.20
22.19
45.21%
NPM (%)
7.73%
6.05%
167 BPS
EPS (₹)
4.30
3.42
25.73%
Key Highlights For FY24:
During the fiscal year 2024, we recorded robust financial results, marked by a significant reduction in long term debt to ₹ 0.91 Cr from ₹ 12.89 Cr last year and short-term debt to ₹ 107.94 Cr from ₹151.65 Cr last year.
The company got listed on NSE and BSE in month of December 2023 with an IPO of ₹ 151 Cr.
Commenting on the performance Mr. Sandeep Chhabra, Chairman/Whole Time Director of Motisons Jewellers Limited said, “We are pleased to report a commendable growth trajectory for FY24 backed by strong demand for our products. Additionally, our strategies and stringent cost control measures resulted in impressive growth in profitability margin expanding our bottom line by 258% for Q4 FY24.”
These strategic initiatives underpin our commitment to sustaining our growth momentum and expanding our market presence, ensuring long-term value creation for our stakeholders.”
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