DSIJ Mindshare

The net sales increased by 33.94 per cent to Rs 251.67 crore, operating profit increased by 51.75 per cent to Rs 44.63 crore and net profit increased by 57.24 per cent to Rs 30.15 crore in Q1FY24 over Q1FY23. In FY23, the net sales increased by 25.04 per cent to Rs 973.98 crore and net profit increased by 7.34 per cent to Rs 176.27 crore compared to FY22.

According to the financials, the net sales rose by 2.02 per cent to Rs 42.54 crore and EBITDA increased by 128 per cent to Rs 3.04 crore in H2FY23 over H2FY22. The company reported a net profit of Rs 1.64 crore in H2FY23 compared to Rs 4.78 crore in H2FY22. The net sales increased by 3.36 per cent to Rs 85.50 crore and EBITDA increased by 48.14 per cent to Rs 4 in FY23 over FY22.

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).