Shish Industries Ltd reports consolidated incomes of INR 70.32 crore, up 37.91% Y-o-Y and Profit After Tax of INR 6.78 crore, up 155.84% Y-o-Y

Shish Industries Ltd. (BSE Code: 540693) is a multi-disciplinary corporation based in India that is known for its groundbreaking innovations and quality products like industrial and export packaging products, building insulations and ventilations products, geomembrane products amongst others.

During the fourth quarter of FY 2022-23, the company reported consolidated income of INR 18.72 crore and PAT of INR 2.33 crore. For the twelve months period ended March 31, 2023, the company posted income of INR 70.32 crore, EBITA of INR 9.22 Crore, PAT of INR 6.78 crore and diluted EPS of Rs. 6.42. The company is driving its business operations in sync with its financial and growth aspirations, including investing in profitable and scalable businesses.

Commenting on the results, Mr. Satishkumar Maniya, Chairman and Managing Director, Shish Industries Limited said, "We are building our business strategically with a more granular approach. We are evolving as a company with all our learnings and experience in place. It has given us the required impetus to catapult us into a certain planned expansion mode. Our FY 2022-23 results reflect the same. We are now looking towards a more sustainable growth with business plans laid down from a long term perspective."

The wholly owned subsidiary - Shish Polylam Private Limited has shown immense development in its very first year of incorporation by carrying out commercial business activities of lamination products.

Shares of Shish Industries Ltd was last trading in BSE at Rs. 326.85 as compared to the previous close of Rs. 298.45. The total number of shares traded during the day was 25281 in over 657 trades.

The stock hit an intraday high of Rs. 340.00 and intraday low of 299.10. The net turnover during the day was Rs. 8037280.00.

Source : Equity Bulls

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ShishIndustries INE145Y01015 Q4FY23 FY2023 ResultUpdate