Shera Energy’s H1FY24 Profit After Tax Surged 43%

Q1 FY24:

• Total Income of ₹ 384.41 crore, YoY growth of 13.21 %

• EBITDA of ₹ 25.28 crore, YoY growth of 26.61%

• EBITDA Margin of 6.58%, YoY growth of 70 Bps

• PAT of ₹ 6.14 crore, YoY growth of 43.42 %

• PAT Margin of 1.60 %, YoY growth of 34 Bps

• EPS Of ₹ 2.64, YoY growth of 22.79%

Mr. Naseem Shaikh, Chairman and Managing Director, Shera Energy Limited, said “The start of the financial year has been encouraging with double digit sales growth and impressive bottom line growth.  With higher sale of value-added products and the stringent cost control exercise, we have managed to improve operating margin.

Our products are mainly used in transformers, motors and electrical panels and strong growth of the user industry will keep the demand momentum upbeat. With our quality product and diversified product portfolio, we are all set to leverage this opportunity and expect the growth momentum to continue for the rest of the year.”

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.