Business Update4 May 2024, 11:38 pm
High Energy Batteries (India) Ltd.: Audited Financial Results for Q1 and FY2024 Released, Net Profit Increases by 114%
AI Summary
High Energy Batteries (India) Ltd. has announced its audited financial results for the quarter and year ended 31st March 2024. The company reported total income of INR 3,154.09 crores, up by 76% from the previous year. Net profit increased by 114% to INR 454.28 crores. The increase in profit was largely due to a surge in revenue from operations, which grew by 167% to INR 41.99 crores. Other income also saw a significant increase, rising by 121% to INR 142.27 crores.
Key Highlights
- Revenue from operations grew by 167% YoY
- Total income increased by 76% YoY to INR 3,154.09 crores
- Net profit soared by 114% YoY to INR 454.28 crores
- Other income grew by 121% YoY to INR 142.27 crores