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Maximus expands operations in Africa; shares rise - The Hindu BusinessLine

Maximus expands operations in Africa; shares rise - The Hindu BusinessLine
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Maximus International Ltd embarks on Significant Expansion initiative in Africa to Drive Sales Growth Initiative

Maximus International Ltd embarks on Significant Expansion initiative in Africa to Drive Sales Growth Initiative
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MIL s PAT Q1 FY 23 up 96 pc, plans multi-fold expansion in Africa

Vadodara (Gujarat) [India], August 19 (ANI/PRNewswire): The Vadodara-based Maximus International Limited (MIL) has clocked a consolidated net profit after tax (PAT) of Rs 21.3 million in the April-to-June quarter of this fiscal (Q1 FY 23). This is a 96 per cent vault from the Rs. 10.9 million PAT registered by the company in the same period last fiscal (Q1 FY 22). The company's profit before tax (PBT) for the same period stood at Rs 24.5 million, up from Rs. 11.6 million in the same period a year-ago (Q1 FY 22) on a consolidated basis. The company's EBITDA grew to over Rs. 30 million in the same period. A leading manufacturer and distributor of specialty lubricants with a strong presence in the African and Middle Eastern markets, MIL's consolidated revenue in Q1 FY 23 stood at Rs. 238.7 million, up 21 per cent from the Rs 197.1 million in the same period a year-ago (Q1 FY 22). For the year-end March 31, 2022 (FY 22), the company's revenue stood at Rs 704.2 million while

MIL plans big foray into E Africa, triple manufacturing capacity over next 3-year period

MIL plans big foray into E Africa, triple manufacturing capacity over next 3-year period
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