DSIJ Mindshare

Shares of the company have gained about 70 per cent in the last six months.

In Q4FY23, the company witnessed a significant increase in net sales, rising by 38.01 per cent to reach Rs 145.05 crore compared to Q4FY22. Similarly, in the entire FY23, net sales experienced robust growth of 41.50 per cent and reached Rs 473.55 crore, surpassing the figures of FY22.

In FY23, the company reported a 41.5 per cent increase in net sales YoY.

The turnaround was seen in the quarterly net profit as the company reported a net profit of Rs 22 crore as against a loss of Rs 11 crore in the same quarter of the previous fiscal year. 

The net profit for the second quarter of FY23 grew significantly from a loss of Rs 11.24 crore to a profit of Rs 21.52 crore as compared to the same quarter, the previous year.