During the fourth
quarter of FY 2023-24, the company reported consolidated income of INR 23.33
crore and PAT of INR 3.06 crore. For the twelve months period ended March 31,
2024, the company posted income of INR 88.38 crore, EBITA of INR 12.57 Crore,
PAT of INR 8.04 crore and diluted EPS of Rs. 2.97. The company is driving its
business operations in sync with its financial and growth aspirations,
including investing in profitable and scalable businesses.
Commenting on the
results, Mr. Satishkumar Maniya, Chairman and Managing
Director, Shish Industries Limited said,
“We are building our business strategically with a more granular approach. We
are evolving as a company with all our learnings, expanding our product
portfolio and client base in India and globally. It
has given the required impetus to catapult us into a certain planned expansion
mode and we have expanded our manufacturing capacity to 1810 MT/month, which
expanded by 71%. Our FY 2023-24 results reflect the same. We
are now looking towards a more sustainable rapid growth with business plans
laid down from a long term perspective.”
The wholly owned
subsidiary – Shish Polylam Private Limited continues to show immense
development in its initial years of incorporation by carrying out commercial
business activities of lamination products. Other multiple businesses acquired
and one in-process during the financial
year 2023-24 are now expected to contribute to our expansion and growth. The
digital platform www.inpackaging.com launched by our company’s subsidiary Shish
Global Solutions Private Limited last month, is getting encouraging response
and will expand its footprint during the financial year 2024-25.
Consolidated Key Performance Highlights:
(Rs.
In Crore)
|
ParticularS |
Q4FY24 |
Q3FY24 |
% Chg. |
FY2024 |
FY2023 |
% YoY |
|
Total Revenue |
2,391.77 |
2,522.82 |
|
8,837.93 |
7,032.55 |
25.67 |
|
EBITDA |
498.95 |
253.65 |
96.71 |
1,257.39 |
922.79 |
20.69 |
|
EBITDA Margin (%) |
20.86 |
10.05 |
|
14.23 |
13.12 |
|
|
PBT |
452.35 |
216.74 |
108.71 |
1,113.70 |
897.81 |
24.05 |
|
PAT |
309.78 |
153.19 |
102.23 |
803.82 |
677.87 |
18.58 |
|
PAT Margin (%) |
13.28 |
6.29 |
|
9.38 |
9.89 |
|
|
Diluted EPS (Rs) |
1.15 |
0.44 |
|
2.97 |
6.42 |
|
About Shish Industries Limited:
Shish
Industries Limited through intense research in its field, brings innovations
& customization solutions to global customers, driven by strong development
capabilities. Company has shown great development since its incorporation.
Various innovative developments have always provided the Company an edge over
other industries in its field. Founded in 2012, Shish Industries Ltd. has
become a trusted manufacturer & exporter of plastic corrugated sheets,
PP box, FIBC Bags, PP/PE woven fabric, tarpaulin, shipping packaging supplies. Company has its registered & corporate
offices and various factories in Surat district, Gujarat.
For further information on Shish
Industries Ltd., visit www.shishindustries.com