Atom Valve shares fell more than 4 percent to trade Monday 229 on the BSE after the announcement of quarterly results for the January-March period of the financial year 2022-23.
Atom Valves is a well-known manufacturer of industrial and plumbing valves and fittings. The total income of the company in Q4FY23 was 19.82 crores which is an increase of 192.76 per cent. Its profit after tax came on 3.30 crore, showing a massive jump of 432.26 percent YoY.
The company recorded EBITDA during the quarter 4.50 crore, up 368.75 percent YoY. Its earnings per share (EPS) was 3.13 in the last three months period of FY23.
For the full FY23, the company’s profit after tax grew by 459 per cent YoY 7.67 crore while the total income came in 49.25 crores. The company reported an EPS 7.67 which is an increase of 428.97 percent.
The company has also recommended a final dividend. 1.50 per share of face value of Rs. 10 each for FY23.
“The company’s financial performance has witnessed significant improvement, thanks to increased demand for our products from our valued customers. Management’s efforts to boost turnover have paid off, resulting in better margins and greater success for our stakeholders is,” Amit Jain, MD, said.
The 1982 established company has also announced that it has completed the process of migrating from BSE SME to the mainboard of BSE and NSE.
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