SAT Industries Ltd Q3 FY2024 consolidated PAT surges to Rs. 14.71 crores

SAT Industries Ltd has announced the consolidated financial results for the quarter ended December 31, 2023.

Key Highlights - Q3 & 9M FY24 (Consolidated)

Financial Performance (Q3 FY24):

- Total Income stood at Rs. 128.30 Cr., YoY growth of 7.17%
- Operational EBITDA stood at Rs. 25.74 Cr., with YoY growth of 51.39%
- PBT stood at Rs. 21.24 Cr, with a YoY growth of 76.72%
- Net profit surged to Rs. 14.71Cr., with YoY growth of 52.39%

Financial Performance (9M FY24):

- Total Income stood at Rs. 655.60 Cr., YoY growth of 78.30%
- Operational EBITDA* stood at Rs. 68.11 Cr., with a YoY growth of 29.81%
- PBT stood at Rs. 312.24 Cr., with a YoY growth of 618.89%
Net profit surged to Rs. 259.86 Cr., with YoY growth of 665.45%

Commenting on the performance of Q3 and the nine months ended FY24, our Whole-time Director is pleased to present the financial and operational achievements.

Our consolidated total income witnessed impressive growth, with a year-on-year increase of 7.17% from 119.71 Cr. in Q2 FY23 to 2128.30 Cr. in Q3 FY24, showcasing the sustained acceptance of our products across diverse industries

Furthermore, our operational EBITDA, experienced notable growth, rising from %17.01 Cr. in Q3 FY23 to X 25.74 Cr. in Q3 FY24, reflecting our continued focus on operational efficiency and strategic initiatives. Moreover, our Profit After Tax (PAT) experienced a remarkable increase of 52.39%, rising from %9.65 Cr. in Q2 FY23 to X14.71 Cr. in Q3 FY24, underlining the strength of our financial performance and operational strategies.

For the nine months ended FY24, our total income surged by 78.30%, reaching X655.60 Cr. compared to X367.69 Cr. in the corresponding period of FY23. Similarly, our operational EBITDA* saw a significant increase, climbing from 52.47 Cr. to %68.11 Cr.

Turning to our businesses,

Investments: we remain committed to being strategic and sector-agnostic angel investors, focusing primarily on pre-seed and seed-stage startups. We actively monitor the progress of our portfolio companies every quarter and continue to explore potential pathways for inorganic expansion, particularly in the realm of packaging and flexible flow solutions. This strategic pursuit aims to enhance our capabilities through both backward and forward integration, ensuring our enduring presence at the forefront of innovation and industry leadership.

Aeroflex Industries Limited: continued to sustain resilient momentum, achieving a remarkable 26% growth in exports, with substantial contributions from key segments such as fire sprinklers and other innovative industries. We are aiming to set up the full-fledged Metal Bellows plant by December 2024. The new plant in phase 1 expansion will have a capacity to make 120,000 units a year out of Total capacity of 3,00,000 units.

Sah Polymers Limited: is strategically entering the food and pharma grade bulk packaging market and the geo textile market. These markets command superior quality products and also provide scope for better margins. Our focus will remain on improving our capabilities, cost reduction, new product development and sustainable growth.

Beyond the numbers, our business units have exhibited strength and resilience in their respective markets. From expanding our product portfolios to venturing into new market segments, we have proactively pursued avenues for growth and innovation. Our efforts to enhance operational capabilities, streamline processes, and invest in cutting-edge technology have positioned us as leaders in our industry, poised for sustainable growth in the long term.

As we look ahead, we remain committed to upholding the highest standards of corporate governance, sustainability, and stakeholder engagement.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs. 117.95 as compared to the previous close of Rs. 119.80. The total number of shares traded during the day was 110305 in over 2031 trades.

The stock hit an intraday high of Rs. 122.95 and intraday low of 114.20. The net turnover during the day was Rs. 12938532.00.

Source : Equity Bulls

Keywords

SATINDUSTRIES INE065D01027 Q3FY24 9MFY24 ResultUpdate