DSIJ Mindshare

Additionally, the company declared its quarterly results, the net sales increased by 14.71 per cent to Rs 2,301 crore, operating profit increased by 11.03 per cent to Rs 453 crore and net profit increased by 13.04 per cent to Rs 312 crore in Q1FY24 over Q1FY23. The net sales increased by 22 per cent to Rs 8,014 crore and net profit increased by 22.17 per cent to Rs 1,174 crore in FY23 over FY22. The EPS for FY23 stood at Rs 110.77.

The company has a market cap of over 9,500 crore and reported positive numbers in its quarterly results and annual results. As of March 2023, the shareholding pattern of the company indicates that the majority stake of 88.35 per cent is held by the company's promoters, while the remaining ownership is divided among DIIs (3.17 per cent), FIIs (0.65 per cent) and the general public (7.84 per cent).

The company has consistently maintained a robust dividend payout of 32.2 per cent.

According to the annual results, the net sales increased by 43.50 per cent to Rs 440.93 crore in FY23 over FY22. The company reported a net profit of Rs 11.48 crore in FY23 compared to a net profit of Rs 23.68 crore in FY22.