Business Update21 May 2024, 01:34 am
S.J.S. Enterprises Ltd Achieves 45% Revenue Growth and Surpasses 30% PAT Growth in FY24, Declares 20% Dividend
AI Summary
S.J.S. Enterprises Ltd, a leading player in India's decorative aesthetics industry, announced its financial results for the quarter and year ended March 31, 2024. The company reported a strong performance, achieving a revenue growth of 75.3% YoY and surpassing 30% YoY PAT growth. Notably, S.J.S. Enterprises Ltd declared a final dividend of 20% on the face value, marking the first time since its IPO.
Key Highlights
- 75.3% Year-over-Year (YoY) revenue growth to 1,867.9 million INR
- Achieved 18 consecutive quarters of outperformance, with YoY growth of 73.5% in the automotive business compared to the industry average of 22.8%
- EBITDA grew 82.2% YoY to 495.3 million INR, with robust EBITDA margins at 26.2%
- PAT grew 76.6% YoY to 271.8 million INR, with an Adjusted Net Profit excluding amortisation expenses growing 15.8% YoY
- Domestic sales saw a 76.8% YoY growth; exports grew 57.2% YoY on account of strong performance in the PV and consumer segments
- Declared a final dividend of 20% on the face value for shareholders