Business Update10 Feb 2024, 10:20 pm
Satia Industries Records Strong 9MFY24 EBITDA Margins
AI Summary
Satia Industries Limited (SIL) announced its results for the third quarter and nine months ended December 31, 2023, with strong EBITDA margins of 25.4% for 9MFY24, despite a challenging demand environment and price declines. The company's Q3FY24 revenue was INR 4357 Mn, with a 17% increase in QoQ revenue and a 520 bps increase in EBITDA margins. Net profit stood at INR 396 Mn in Q3FY24 and EPS was INR 3.96 during Q3FY24 and INR 17.17 for 9MFY24.,
Key Highlights
- Strong 9MFY24 EBITDA margins of 25.4%
- 17% increase in QoQ revenue
- 520 bps increase in EBITDA margins
- Net profit of INR 396 Mn in Q3FY24
- EPS of INR 3.96 during Q3FY24 and INR 17.17 for 9MFY24