Press Release26 May 2024, 01:38 am
Captain Polyplast Ltd Reports 195% Net Profit Surge in FY24
AI Summary
Captain Polyplast Ltd, a leading manufacturer and exporter of micro irrigation solutions, has reported its Audited financials for FY24. The company achieved its highest-ever revenue of INR 297.70 Cr and a profit of INR 17.78 Cr, marking a 31% increase in revenues and a 195% surge in net profit from the previous year. The growth was driven by strong demand for products, strategic initiatives, and cost control measures. The company has also started construction of a new factory shed near Ahmedabad for future expansion.
Key Highlights
- Revenue for FY24 was INR 297.70 Cr, a 31% YoY increase.
- Net profit for FY24 was INR 17.78 Cr, a 195% YoY surge.
- EBITDA for Q4FY24 was 9.65%, a 1.94% increase from Q4FY23.
- NPM for FY24 was 6.95%, a 3.14% increase from FY23.
- Captain Polyplast Ltd is expanding its operations with a new factory shed near Ahmedabad.