Xpro India Limited reports Q4 FY24 Results

Xpro India Limited a diversified multi-locational company with a strong brand equity and a focused connect to the polymer processing industry has announced its Audited Financial Results for the quarter and year ended on March 31, 2024.

Financial:

- Revenue in Q4FY24 increased by 33.6% q-o-q to Rs. 128.4 Cr.

- EBITDA in Q4FY24 increased by 10.5 % q-o-q to Rs. 16.8 Cr; EBITDA Margin for Q4FY24 stood at 13.1%

- Profit before tax for Q4FY24 increased by 14.4% q-o-q to Rs.16.5 Cr.

- Profit after tax for Q4FY24 Increased by 16.5% q-o-q to Rs. 12.4 Cr; Reported PAT Margin in Q4FY24 of 9.7 %

- EPS (basic) for Q4FY24 at Rs. 5.88 (on recently expanded capital)

- Dividend of Rs.2 per equity share on the expanded capital base proposed

Operational:

- Resilient bottom-line signifying steady operations, sustained market opportunities for Xpro's technically robust product offerings and the impact of strategic initiatives over past few years, underscoring effectiveness of operational strategies and competitive edge;

- Aggregate production at 27,891 MT higher by 4.8% (excluding discontinued toll manufacture of BOPP packaging films from erstwhile unit); installed capacities remained unchanged;

- Turnover lower largely due to softer raw material prices, reflecting on revenue through consequent adjustments in product pricing, and discontinuation of toll-manufacture of packaging products on transfer of erstwhile unit;

- Dielectric films segment maintained its dynamic performance, operating at almost full capacity with sustained domestic demand for Xpro Biax Dielectric films with market share > 30%;

- Consumer durables, including refrigerators, (key client base for coextruded sheets and thermoformed liners) faced difficult market conditions during the first half of the year. The white goods' markets improved to some extent towards year end, and one may expect revitalized demand in coming periods;

- All Long-Term debt for existing operations prepaid;

- Higher taxation - brought forward tax losses exhausted;

Growth:

- The first phase of expansion - to double capacity at Barjora - is well underway. Significant progress has been made on implementation, and we are on track to achieve operations in FY 2024-25 as announced earlier.

Shares of Xpro India Limited was last trading in BSE at Rs. 999.55 as compared to the previous close of Rs. 999.25. The total number of shares traded during the day was 7320 in over 670 trades.

The stock hit an intraday high of Rs. 1002.15 and intraday low of 972.85. The net turnover during the day was Rs. 7246564.00.

Source : Equity Bulls

Keywords

XproIndia INE445C01015 Q4FY24 FY2024 ResultUpdate FY24