Mafatlal Industries Q4 PAT surges 182% YoY to ₹33.3 crore, operating revenue jumps 126%

The consolidated revenue from operations grew 126% YoY to ₹764.2 crore while total income rose 119.2% to ₹770.1 crore. The company’s operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 97.8% YoY to ₹18 crore.

For the financial year ending on March 31, 2024, the company reported a 166% YoY growth in its net profit to ₹98.75 crore. The consolidated revenue from operations for the year saw a growth of 52% YoY to ₹2,078 crore while total income rose 51.3% to ₹2,142.2 crore. The operating EBITDA in FY24 grew by 40.5% YoY to ₹57.2 crore.

During the fourth quarter, Mafatlal Industries’ revenue growth was led mainly by the execution of new institutional orders. The company also reported it has implemented smart classrooms in 6,974 government schools in the state of Odisha.

The firm’s gross debt in FY24 reduced by 12.71% YoY to ₹81.7 crore.

MB Raghunath, chief executive officer of Mafatlal Industries said the firm has executed large orders during this quarter. “As of May 2024, our running order book stands at approximately ₹400 crore which will be executed in the near future. Looking ahead, we see promising opportunities in multiple segments through large institutional tenders,” he said.

Raghunath also added that during FY24, the firm developed a vast network of supply chains across the country. “This has also given us the opportunity to venture into other adjacencies, such as consumer durable products,” he said.

Mafatlal Industries is the flagship company of the Arvind Mafatlal Group. The firm offers a wide range of products in the textile segment such as suiting, shirts, voiles, fabrics, white fabrics, and uniforms. The company’s health and hygiene segment offers products such as diapers, baby care products, wipes, and sanitary napkins. Recently, the firm ventured into the consumer durables and digital infrastructure category.

Shares of the company have declined by nearly 5% since the beginning of the year. The stock has gained over 158% in the last one year.