Krishca Strapping Solutions achieved a significant milestone by surpassing Rs 100 Cr in revenues for FY24

PNN Mumbai Maharashtra [India] June 1 Krishca Strapping Solutions Limited NSE Code KRISHCA a leading manufacturer and wholesaler of high tensile steel straps strapping seals and strapping tools has announced its Audited financial result for H2 FY24 and FY24 Key Financial Highlights H2 FY24 * Total Income of Rs 5680 Cr HoH growth of 1618 per cent * EBITDA of Rs 1189 Cr HoH growth of 4225 per cent * EBITDA Margin of 2094 per cent HoH growth of 384 Bps * PAT of Rs 756 Cr HoH growth of 3325 per cent * PAT of 1332 per cent HoH growth of 170 Bps * EPS of Rs 633 HoH growth of 2339 per cent FY24 * Total Income of Rs 10568 Cr YoY growth of 4595 per cent * EBITDA of Rs 2026 Cr YoY growth of 4602 per cent * EBITDA Margin of 1917 per cent YoY growth of 1 Bps * PAT of Rs 1324 Cr YoY growth of 4173 per cent * PAT of 1253 per cent * EPS of Rs 1146 YoY growth of 730 per cent Commenting on the performance Lenin Krishnamoorthy Balamanikandan Chairman Managing Director Krishca Strapping Solutions Limited said We are thrilled to report strong revenue and profit growth for FY24 achieving the milestone of over Rs 100 crore in revenues Going forward our strategies of expanding production capacity for ultra-high tensile a high-margin product and strengthening our position in packaging contracts will significantly bolster our financial performance in the near future We are resolute in our pursuit to capture a substantial share of the domestic market while simultaneously expanding our footprint in the export market Looking ahead we are planning to set up operations in the Middle East and enhance our operational efficiency through the development of an ERP system We are continuously striving to participate in more contracts and establish a stronger presence in the market With these strategic initiatives and market expansion efforts we are optimistic about our growth and profitability prospects We believe we are well-positioned to capitalize on new opportunities and drive sustained financial performance in the coming years ADVERTORIAL DISCLAIMER The above press release has been provided by PNN ANI will not be responsible in any way for the content of the same

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