Bigul

Shankara Building Products Ltd - 540425 - Statement Of Deviation Or Variation Of Funds Raised Through Preferential Issue.

Statement of Deviation or Variation of funds raised throgh Preferential Issue.
17-08-2023
Bigul

Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication with respect to the Un-Audited Financials of the Company for the quarter ended 30th June, 2023.
10-08-2023
Bigul

Q1FY24 Quarterly Result Announced for Shankara Building Products Ltd.

Iron & steel products company Shankara Building Products announced Q1FY24 results: Revenue from operations grew by 36% YoY to Rs 1,132 crore Retail revenue grew by 31% YoY to Rs 631 crore EBITDA grew by 30% YoY to Rs 34 crore EBITDA margin expanded by 6 bps to 3.04%, compared to 2.98% in Q4FY23 Net profit increased by 44% YoY to Rs 17 crore Working capital days continue to be sub-30 days during Q1FY24 Earnings per share stood at Rs 7.56 during Q1FY24, compared to Rs 5.26 in Q1FY23 Commenting on the performance, Sukumar Srinivas, Managing Director, Shankara Building Products, said, “The company has announced another quarter of resilient performance. On the back of a positive real estate cycle and an increasing trend of home premiumization, our quarter’s revenue and PAT increased by 36% YoY and 44% YoY respectively. Residential real estate activity is at a decadal high, while commercial real estate activity is making a recovery with a resumption of work from the office. Our growth is a testament of our ability to capitalize on the favourable market conditions. As part of our Shankara 2.0 evolution – the omnichannel marketplace for all building materials, we have strategically aligned our product offerings and our omnichannel presence over the past few quarters. Our consistent endeavour is towards transforming our ecosystem with technology and innovation. As we move forward, we are committed to growing our revenues, while maintaining our profitability and working capital management.” Result PDF
09-08-2023
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