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La Opala RG Limited reports Q3 and 9 months FY24 results
Posted On : 2024-02-13 22:04:33( TIMEZONE : IST )
La Opala RG Limited, pioneer and market leader in opalware in India, announced its financial results for the quarter and nine month ended December 31, 2023.
Key Financial Highlights for Q3FY24:
- Revenue from operations was at INR 107 Crores in Q3FY24, as against INR 89 Crores in Q2FY24
- EBITDA stood at INR 41 Crores in Q3FY24, as against INR 34 Crores in Q2FY24
- EBITDA margin stood at 38% in Q3FY24, as against 39% in Q2FY24
- PAT at INR 44 Crores in Q3FY24, as against INR 31 Crores in Q2FY24
- Extensive range of value-added products lead to better realizations
Key Financial Highlights for 9 months FY24:
- Revenue from operations was at INR 283 Crores in 9 months FY24, as against INR 343 Crores in 9 months FY23.
- EBITDA stood at INR 110 Crores in 9 months FY24, as against INR 132 Crores in 9 months FY23.
- EBITDA margin stood at 39% in 9 months FY24, as against 38% in 9 months FY23.
- PAT at INR 104 Crores in 9 months FY24, as against INR 94 Crores in 9 months FY23.
Commenting on the performance during the third quarter, Mr. Ajit Jhunjhunwala, Vice Chairman and Managing Director, said, "Our performance for the quarter was tepid given the challenging external environment and subdued consumer spending. The revenue on a sequential basis was up while we managed to maintain our margins owing to our stringent focus on operational parameters including capacity utilisation and cost control measures.
Despite the short-term headwinds, we believe that the India growth story is here to stay. We will be able to capitalise on emerging trends on the back of our years of experience, manufacturing capabilities, extensive partner network, and strong brand recall among customers.
We are also working towards increasing our offerings to customers through product portfolio expansion largely towards value added products and category expansion."
Shares of La Opala RG Limited was last trading in BSE at Rs. 360.00 as compared to the previous close of Rs. 358.70. The total number of shares traded during the day was 6363 in over 343 trades.
The stock hit an intraday high of Rs. 361.95 and intraday low of 351.50. The net turnover during the day was Rs. 2265911.00.
