Q4FY23 Quarterly & FY23 Annual Result Announced for Kabra Extrusion Technik Ltd.
Industrial Machinery company Kabra Extrusion Technik announced Q4FY23 & FY23 results: Q4FY23: Operating Revenues at Rs 1,780 million in Q4FY23 as compared to Rs 1,626 million in Q4FY22 – registering growth of 9.4% YoY Extrusion Machinery revenues stood at Rs 1,038 million in Q4FY23 as compared to Rs 1,013 million in Q4FY22 - registering a growth of 2.5% YoY Battrixx revenues surged by 20.7% YoY to Rs 744 million in Q4FY23. EBITDA stood at Rs 234 million in Q4FY23 registering 18.7% YoY growth Profit After Tax was at Rs 124 million in Q4FY23 EPS for Q4FY23 stood at Rs 3.54 as compared to Rs 3.70 in Q4FY22 FY23: Operating Revenues at Rs 6,700 million in FY23 as compared to Rs 4,059 million in FY22 – registering growth of 65.1 % YoY Revenue from the Extrusion business grew by 7.7% YoY to Rs 3,198 million in FY23 Battrixx revenues grew exponentially by 217.4% YoY to Rs 3,534 million in FY23 EBITDA stood at Rs 741 million in FY23 as compared to Rs 549 million in FY22; up by 34.9% YoY Profit After Tax was at Rs 375 million in FY23 vis-à-vis Rs 303 million in FY22; up by 23.9% YoY EPS for FY23 stood at Rs 10.72 as compared to Rs 9.41 in FY22 Commenting on the performance, Anand Kabra, Managing Director of Kabra Extrusiontechnik said, “Kabra Extrusion Technik reported its highest ever operating revenues at Rs 6,700 million in FY23 registering a strong growth of 65.1% YoY with both business segments reporting their highest ever revenues during the year. Battrixx revenues grew exponentially by 217.4% YoY at Rs 3,534 million in FY23. The Extrusion business sales grew by 7.7% YoY at Rs 3,198 million in FY23. India’s Electric Vehicle (EV) sales surpassed the 1 million-units sales landmark for the first time in FY23. E-2-Wheelers contributed to 62% of overall EV sales during FY23 led by a rise in EV adoption by individuals and higher penetration due to improvised charging infrastructure.” He also added, “Battrixx was the first EV battery-pack manufacturer to be accredited with ARAI certification under AIS 156 Amendment III Phase 2 for its batteries, conceptualized and designed in-house strategically with Hero Electric’s R&D; team. Battrixx's latest battery packs offer enhanced performance maintaining the highest safety standards. We are well placed to benefit from India’s aggressive 2030 EV roadmap of a 100% electric vehicle nation.” Result PDF11-05-2023
