Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Indo-National Ltd consolidated Q3FY24 PAT climbs to Rs. 58 Mn

Posted On: 2024-02-09 23:10:48 (Time Zone: IST)

Indo-National Ltd. (INL) is a leading consumer goods Company with a portfolio comprising dry-cell batteries, flashlights, LED lights, Mosquito bats, DORCO Blades and electrical accessories. Through its subsidiaries and step-down joint ventures, it has also emerged as a global supplier of composites to the railway, aerospace and defense industries. The Company has announced its financial results for the third quarter and nine months ended December 31, 2023.

Key Financial Highlights:

Revenue from Operations: Indo-National Ltd. reported a consolidated revenue of INR 1683 million in Q3 FY24, marking a significant year-on-year (YoY) growth of 12.8%. The revenue for the nine months of FY24 stood at INR 4717 million, reflecting a commendable growth rate of 10.0% compared to the same period last year.

EBITDA (Excluding Other Income): The company's EBITDA surged to INR 132 million in Q3 FY24, representing a remarkable YoY growth of 103.1%. The EBITDA margin expanded significantly to 7.8%, compared to 4.4% in Q3 FY23, indicating improved operational efficiency and profitability. Similarly, for the nine months of FY24, the EBITDA reached INR 231 million, reflecting a staggering growth of 128.7% over the previous year.

Profit Before Tax (PBT): [Company Name] reported a positive PBT of INR 81 million in Q3 FY24, compared to a loss of INR 12 million in the same period last year. This turnaround reflects the company's ability to effectively manage costs and optimize operational performance. However, the PBT margin for the nine months of FY24 stood at 1.5%, indicating room for further improvement.

Profit After Tax (PAT): The company reported a PAT of INR 58 million in Q3 FY24, compared to a loss of INR 13 million in Q3 FY23. Similarly, for the nine months of FY24, the PAT stood at INR 56 million, compared to a loss of INR 64 million in the corresponding period last year.

Earnings Per Share (EPS): The diluted EPS for Q3 FY24 stood at INR 4.59, showcasing a significant improvement compared to the same period last year, indicating enhanced profitability and shareholder value.

Commenting on the performance, Mr. Aditya Reddy, Jt.Managing Director said: "I am pleased to share our vision to delight consumers through value and creativity, which we set for ourselves in our 50th Golden Jubilee year, started showing sustainable results, our standalone revenue grew 11% in Q3 over LY and ended 9M with 17% growth, with an EBITDA improvement to 7.8% in Q3 and ended 9M at 4.9%, this performance has been backed by inputs viz Brand relaunch, Omni channel focus, strengthening our Lighting business, improving productivity and driving cost efficiencies, focus on premiumization and consistent growth in battery portfolio.

He added, "we have been able to handle well the market dynamics by staying course on profitable growth model while preparing ourselves for future with a strong product pipeline, technology led, building capable team and business transformative solutions, we are confident in our ability to close the financial year 2024 as one of the fastest growing period and remain dedicated to delivering value to our customers and stakeholders going forward."

Key Developments / Operational Highlights FY24

Indo-National Ltd.'s step down subsidiary Kineco Kaman composites India had successfully completed delivery of 1st OMA Assembly for the Human Space Flight Mission - Gaganyaan.

Our LED category crossed Rs. 100 Crs revenue, first time, for the period ended 31st December 2023 (YTD).

Click here to send ur comments or to

Other Headlines:

The South Indian Bank Ltd approves 1:4 rights issue at Rs. 22 per share

Club Mahindra partners with The Marmara ?i?li Resort in Turkey to provide its members with holiday options in Istanbul

PVP Ventures Ltd announces a Joint Development with Brigade Enterprises Ltd

Mangal Credit and Fincorp Ltd approves preferential issue

Vikas Lifecare Ltd's Subsidiary PME Entertainment Presents Two Spectacular Events in Dubai

Genpharmasec Limited allots 27,68,59,850 Rights Equity Shares

Dow Jones and Infosys Introduce Upgraded Preference Center for Wall Street Journal Subscribers

Union Bank of India sanctions OTS of Kridhan Infra Ltd

Ceinsys Tech Ltd receives order

Ashiana Housing Ltd launches Phase 1 of Ashiana Nitara

Apollo Micro Systems Ltd receives term loan sanction from SBI

Brigade Group to expand its Residential and Hospitality Portfolios in Chennai

LTIMindtree and Eurolife FFH Sign MoU to Setup Gen Al and Digital Hubs in Europe and India

63 moons unveils disruptive technology in Cybersecurity

Airtel strengthens its retail footprint in Vijaywada

TVS Eurogrip exhibits prominent agri related products at Krishi Darshan Expo in Haryana

Infosys Foundation and the Centre for Cellular and Molecular Platforms to Strengthen Maternity Care in Karnataka

Mafatlal Industries Limited's Annual Report wins Platinum Award

Ambuja Cements Proposes Setting up a 4 MTPA Cement Grinding Unit in Godda, Jharkhand

Airtel adds 39 new stores in Chennai, doubles its retail store presence

PennWhite Limited, UK forms subsidiary in India

UltraTech Cement Limited commissions 1.8 MTPA brownfield cement capacity at Kotputli, Rajasthan

HFCL to Expand Presence in Europe with setting up of Optical Fiber Cable Plant in Poland

Vipul Organics participates in PAINTINDIA, the largest paint exhibition of the country

Ericsson and Airtel successfully demonstrate 5G FWA functionality on mmWave

Co-op Expands Partnership with TCS with a Cloud-First Strategy to Support its Business Growth and Sustainability Roadmap

Popeyes India brings a dash of Louisiana to the heart of Delhi with its first store in Chandni Chowk

Patel Engineering Ltd JV declared L1 for irrigation project worth Rs. 525.36 crores

Cosmo First wins two prestigious awards

Airtel adds 4 new stores, doubles its retail store presence in Bhubaneshwar

Zen Technologies Ltd receives order worth Rs. 93 crores

Lumos selects STL as a partner to build transformative 100% fiber optic internet infrastructure in the US

BluSmart inks multi-year PPA with Tata Power arm

Zaggle Prepaid Ocean Services Ltd enters into agreement with Arcadis Consulting

CarLelo unveils new brand identity at Women Premier League 2024

Airtel doubles its retail store presence in Amritsar, adds 3 new stores

G R Infraprojects Ltd to sell 7 subsidiaries to Bharat Highways InvIT

Bright Outdoor Media Ltd gets BSE nod for preferential issue

Valiant and CXR cooperation for Cyber Security solutions in France and neighboring European countries

Kilburn Engineering Ltd expands portfolio with acquisition of M.E Energy

Seedlings India Pvt Ltd gets patent

Garment Mantra Lifestyle Ltd to set up new wholesale hub in Surat

Satin Creditcare forays into Telangana and Andhra Pradesh

Revolt Motors accelerates presence with 15 New Dealerships Across India

Wipro and Intel Foundry announce new collaboration to Advance Chip Design and Development

Godrej Industries Limited - Chemicals features in The CDP Climate Change Leadership Index

ESAF Small Finance Bank gets ISO certification for operations

ABB India reports net profit of Rs. 338.66 crores in Q4 CY2023

IMplus Capitals Ltd consolidated Q3 FY24 net profit at Rs. 41.86 crores

GR Tarakote Sanjichhat Ropeway Pvt Ltd signs concession agreement with Shri Mata Vaishno Devi Shrine Board

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020