Q4FY24 Quarterly & FY24 Annual Result Announced for Electrosteel Castings Ltd.
Iron & Steel Products company Electrosteel Castings announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: EBITDA grew by 50.9% YoY to Rs 346 crore in Q4FY24, the EBITDA margin expanded by 495 bps YoY to 17.0%. Highest ever PAT of Rs 227 crore, up by 153.8% YoY in Q4FY24, PAT margin expanded by 645 bps YoY to 11.1%. Decline in interest cost by 33.3% during the quarter FY24 Financial Highlights: Revenues at Rs 7,580 crore, Highest ever yearly EBITDA and PAT at Rs 1,281 crore and Rs 740 crore, respectively in FY24 EBITDA margin and PAT margin at 16.9% and 9.8%, respectively in FY24 Adjusted FY24 ROCE at 19.0% (FY23 - 13.0%) and ROE at 19.3% (FY23 - 11.2%) Strong Order Book visibility of 10 months Consistently rewarding stakeholders with dividend. FY24: Rs 1.40 (140% of Face Value-including interim dividend of Rs 0.50) Result PDF13-05-2024
