finance – Page 16 – THE ECONOMIC INDIA

29 May

Krystal Integrated Services Ltd delivers its Best-Ever Financial Results for the FY 24; PAT up 45 Percent Y-o-Y to Rs. 49 crore

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Mumbai (Maharashtra) [India], May 29: Krystal Integrated Services Limited (KISL), a market leader in facility management services across India has reported its best-ever results in a financial year on the back of strong operational and financial performance for the Q4 and FY24 ended March 2024. Company has continued to better its business performance and profit margins over the years with focused growth strategies and business expansion plans. Company has recommended a dividend of 15%, Rs. 1.50 per share on the face value of Rs. 10 per share for the FY 2023-24. Financial Highlights (Amount in Rs. Cr) * EBITDA…

29 May

Felix Industries Limited – Robust growth with whopping orders

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New Delhi (India), May 29: Established in 2012, Felix Industries Ltd is dedicated to providing complete water and environmental solutions. The company’s focus on Recycling, Re-using, Recovering, and Reducing underscores its commitment to environmental conservation. With a portfolio boasting over 450 proprietary technologies, including physicochemical, biological, membrane-based, and hybrid treatments, Felix Industries manages water across various applications such as drinking water, industrial processes, wastewater treatment, and more. Financial Performance Felix Industries’ financial performance reflects its robust growth trajectory. With remarkable financial ratios, the company showcases strong financial health: Compound Annual Growth Rate (CAGR) of 259% over the past year 110% CAGR over…

27 May

India’s first Sustainable PU And Foam Expo Unveiling the Future of Sustainable Polyurethane Solutions

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1st edition of UTECH India – Sustainable Polyurethane & Foam Expo (ISPUF) to be held at NESCO, Bombay Exhibition Center in Mumbai on 4-6th December 2024. The Indian Polyurethane Foam Market is projected to reach a market value of US$ 5.18 billion (approx. INR 43000 crores) by 2031, with a CAGR of 8% between 2024-2031. ISPUF Expo 2024 will showcase cutting-edge advancements across various sectors including Furniture, Automobile, Engine, Construction, Insulations, Footwear, Packaging, Chemicals, and more. Mumbai (Maharashtra) [India], May 27: Media Fusion and Crain Communications, leading event organizers, announced India’s first sustainable Polyurethane & Foam Expo Show slated to take…

25 May

Morepen Labs Profit surges 143 percent while Revenue grows 20 percent in FY24, Dr. Morepen Medical Devices sales soar by 35 percent

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New Delhi [India], May 25: Morepen Laboratories Limited (NSE: OREPENLAB, BSE: 500288), a leading player in the Medical Devices (Point of Care) and Active Pharmaceutical Ingredients (API) sector, is pleased to announce its impressive financial results for the fourth quarter of the fiscal 2023-24. Marking its 40th year of a remarkable journey, Morepen has demonstrated outstanding performance across key business segments. Financial Highlights: Q4 FY24 Revenue: Gross revenue of INR 427 crores, 16.5% increase from INR. 367 crores in Q4’FY23. Annual FY24 Revenue: INR 1704 crores, a notable 20% rise compared to INR 1424 crores in FY23. EBITDA: EBITDA for…

23 May

Asian Granito India Ltd reports Consolidated Net Sales of Rs. 1531 crore in FY24

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Ahmedabad (Gujarat) [India], May 23: Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands has achieved a significant business turnaround, reporting a drastic improvement in the operational and financial performance during Q4 and FY23-24 ended 31st March 2024 as compared to the business performance reported in FY 22-23. Business Highlights:- In Q4 FY24 Net sales was reported at Rs. 424 crore, EBITDA at Rs. 20 crore, Net Loss at Rs. 6 crore Exports for Q4 FY24 at Rs.76 crore; Exports during FY24 at Rs.246 crore comprising 16% of revenue Company signed Bollywood star Ranbir…

22 May

Student Living Experience Platform FretBox Secures Seed Investment Led by CXO Factor

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New Delhi (India), May 22: Noida-based B2B Proptech SaaS company, FretBox has secured seed investment from CXO Factor, a leading investment advisory firm based in Los Angeles. This investment marks CXO Factor’s first investment in the Indian startup ecosystem. Existing investors from FretBox’s Angel and Pre-seed funding rounds have also increased their investment in this Seed funding round. As higher education in India experiences rapid growth, there is an increasing demand for modern hostel infrastructure and advanced technology to support digitization and automation. FretBox (FretBox), a scalable and specialised vertical SaaS platform, caters exclusively to university student accommodation and is well…

20 May

Ajooni Biotech Ltd’s Rs. 43.81 crores Rights opens on May 21, 2024

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Ahmedabad (Gujarat) [India], May 20: Ajooni Biotech Ltd (NSE – AJOONI) – leading and a PURE VEG. animal health care solutions company is schedule to open its Rs 43.81 crore rights issue on May 21, 2024. The funds raised through the issue will be utilised to finance expenditure towards acquisition of Land, site development and civil work, to acquire the plant & machinery; part finance the working capital requirement and corporate purposes. Right issue of the company are offered at a price of Rs. 5 per share – over 20% discount to closing share price of Rs. 6.5 per share…

20 May

Sellwin Traders Ltd to Make Strategic Investment in Patel Container India Pvt Ltd

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Ahmedabad (Gujarat) [India], May 20: Board of Director of Ahmedabad basedSellwin Traders Ltd has approved the proposal to make strategic investment in Patel Container India Pvt Ltd. Company will acquire 36% stake in Patel Container which is extendible up to 51% over the next two years. Investment by Sellwin Traders will be utilized to support the establishment of a new manufacturing facility for logistic containers in Bhavnagar District, Gujarat. Highlights:- Sellwin Traders will acquire 36% stake in Patel Container which is extendible up to 51% over the next two years. Investment by Sellwin Traders will be utilized to support the…

14 May

Shanti Spintex Limited delivers strongest set of financial results for FY24, Revenue surpasses Rs. 5 billion, PAT reaches Rs. 130 million

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Ahmedabad (Gujarat) [India], May 14: Shanti Spintex Limited (BSE: SHANTIDENM) (“Company”), engaged in production of denim fabrics, announced its financial results for the second half year and full financial year ended March 31, 2024. The Company continued its growth trajectory by delivering the strongest set of financial results for FY24. Key Highlights: Highest ever annual revenue achieved in FY24 amounting to INR 5.06 Billion Highest ever EBITDA of INR 246.40 million, with EBITDA Margin of 4.87% in FY24 Profit after tax increased by 28.53% in FY24 and stood at Rs. 130.18 Mn. Net debt reduced by 46.83% Y-o-Y in FY24 …

11 May

SAFE West India 2024 addresses India’s Growing Security Market, Projected to reach USD 7.36 Billion by 2029

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Mumbai (Maharashtra) [India], May 11: Informa Markets in India successfully inaugurated the second edition of SAFE West India, India’s leading security and fire expo, at the Bombay Exhibition Centre in Mumbai. Held from May 9th to 11th, 2024, the three-day event served as a premier platform for industry stakeholders, government representatives, and security enthusiasts to engage in collaborative innovation. SAFE West encompasses a wide range of trends and solutions in the realm of commercial security and surveillance, focusing on preventive technologies and innovations tailored for the Western India market. The expo united esteemed Indian brands specializing in CCTV, surveillance, biometrics,…