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AXISCADES Posts Record Quarterly Revenue of INR 2,515 Mn. and Acquires add solution GmbH!

Financial/Operational Highlights:

  • Q2 FY24 USD revenue at $30.6 Mn, growth of 26.0% Y-o-Y
  • Q2 FY24 Revenue at INR 2,515 Mn, highest ever, growth of 29.8% Y-o-Y
  • H1 FY24 USD revenue at $56.8 Mn, growth of 18.7% Y-o-Y
  • H1 FY24 revenue at INR 4,651 Mn, growth of 23.4% Y-o-Y
  • Q2 FY24 EBITDA at INR 358 Mn, up by 8.6% Y-o-Y
  • H1 FY24 EBITDA at INR 688 Mn, up by 14.5% with EBITDA Margin at 14.8% compared to15.9% in H1 FY23

Kaveri Seed Revenue ₹ 96.12 crore; up by 13.77% EBITDA was at ₹ 19.79 crore; up by 69.60%

  • Revenue from Operations was at ₹ 96.12 crore as compared to ₹ 84.49 crore in Q2FY23; registered a growth of 13.77%
  • EBITDA was at ₹ 19.79 crore as compared to ₹ 11.67 crore in Q2FY23; increased by 69.60%
  • EBITDA Margin improved to 20.59% from 13.81% in Q2FY23, improved by 678 basis points
  • Net Profit was at ₹ 10.72 crore as compared to ₹ 2.72 crore in Q2FY23; registered a growth of 2.94 times

HEG Limited World’s Largest Graphite Electrodes Plant with Capacity Expansion to 100,000 Tons Per Annum

HEG Limited has recently completed its expansion project, boosting its annual capacity from 80,000 tons to 100,000 tons. This significant milestone has earned HEG Limited the distinction of being the world’s largest Graphite Electrodes Plant under a single roof.

Although most of the process shops were already operational for past few months, the last shop
came under commercial production with effect from 1st Nov’ 2023.\

MTAR Technologies witnesses 32.2% YoY increase in revenues in Q2 FY 24

Highlights

  • Revenue from Operations stood at Rs. 166.8 Cr. in Q2 FY 24 as against Rs. 126.2 Cr. in Q2 FY 23, 32.2% increase YoY
  • EBITDA reported at Rs. 36.1 Cr. in Q2 FY 24 as compared to Rs. 34.9 Cr. in Q2 FY 23, 3.4% increase YoY
  • Profit Before Tax stands at Rs. 25.7 Cr. in Q2 FY 24 as against Rs. 33 Cr. in Q2 FY 23, 22.1% decrease YoY
  • Profit After Tax was at Rs. 20.5 Cr. in Q2 FY 24 as against Rs. 24.7 Cr. in Q2 FY 23,17.1% decrease YoY

2023 Best Mutual Fund Company In India

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