Anmol India Q3 Results: PAT Up 7.75%; Revenue Climbs 14.47% To Rs 404.01 Cr

During its board meeting on February 06, 2024, Anmol India Ltd., a prominent participant in the supply chain management sector, commodity trading, and coal import, approved the company's financial results for the quarter and nine months that ended on December 31, 2023. Revenue from operations for the firm was recorded at Rs 404.01 Cr, up 14.47% YoY from Rs 352.93 Cr in the same quarter last year. Its EBITDA dropped by 5.73% YoY to Rs 8.72 Cr in the quarter under review from Rs 9.25 Cr in the corresponding quarter of FY23. Its net profit climbed 7.75% year on year to Rs 4.45 Cr in Q3FY24 from Rs 4.13 Cr in Q3FY23.

Commenting on the Q3FY24 performance, management added, "We are delighted to report the robust financial performance of our company for the first nine months of fiscal year 2024. Revenue from Operations increased by 5.60% to Rs. 1098.36 Cr from Rs. 1040.10 Cr in the corresponding period last year. This growth is a testament to our resilient business model and effective execution of strategic initiatives. Further, our EBITDA increased by 29.28% to Rs. 34.75 Cr from Rs. 26.88 Cr in the same period last year. We are committed to operational excellence and optimizing profitability across all of our businesses with this significant enhancement."

"Furthermore, our Profit After Tax (PAT) exhibited healthy growth, rising by 19.40% to Rs. 16.99 Cr compared to Rs. 14.23 Cr in the previous year's corresponding period. Our business fundamentals are strong and resilient, despite the current market challenges. In alignment with our long-term growth strategy, we are pleased to announce the approval to raise capital from Qualified Institutional Buyers (QIBs) for working capital needs and strategic acquisitions. In the next five years, these initiatives will be integral to our organic and inorganic growth plans. In addition to strengthening our market position, these strategic investments will drive sustainable value creation for our stakeholders," the management added.

"We continue to execute our growth initiatives while navigating an evolving market landscape. We are grateful for the continued support of our shareholders, customers, and employees, and we are committed to delivering sustained value and excellence in all our endeavors," the management of Anmol India stated in a note.