Jyoti Labs has announced its Q4 FY23 and FY23 results stronger than ever. The company said its revenue from operations reached 617 crore during the quarter ending March 2023, a growth of 12.8% over 547 crore was recorded during the corresponding quarter of FY22. The company said its gross margin came in at 45.7% from 41.4% in the same period last year, and operating EBITDA was up 12.7% ( 315.9 cr) FY23 vs 11.3% ( 248.2 Cr), Operating EBITDA reached representing a growth of 27.2% over FY22 91.3 Cr during Q4FY23, up 59.4% YoY 57.3 during Q4FY22.
According to the firm, PAT increased by 60.4% to 59.3 crore 36.9 Crores during the same period last year, while A&P expenses grew by 17.5% 45.9 crore (7.4% of net sales) from 39.1 crore (7.2% of net sales) during the same period.
The revenue for the firm in FY23 was 2,486 crore, up 13.2% from 2,196 crore in FY22. Gross margin was 42.3%, up from 41.6% last year, and PAT was 239.7 cr, up 50.7% from Rs. 159.1 crore in FY22. Jyothi Labs reports no gross debt and net cash balance for FY23 283 crores.
The Board of Directors has “recommended a dividend of Rs. 3/- (Rupees Three only) per Equity Share of Rs.1/- each for the financial year 2022-23, to be voted by the shareholders of the Company at the ensuing Annual General Meeting If approved, the payment shall be made/sent on or after July 27, 2023; and the date fixed for the 32nd Annual General Meeting of the Company on Tuesday, July 25, 2023,” Jyothi Labs said in a stock exchange filing.
Commenting on the financial performance for Q4FY2023 and FY 22-23, Ms. MR Jyoti, Managing Director, Jyothy Labs Limited said, “We have delivered a healthy performance for the quarter and the year against all odds. Has seen consecutive double digit revenue growth for the last 3 years. We are focused on sustained execution and moving towards higher business scale. Our product portfolio is diverse and this provides us with an opportunity to make each of our brands leaders in their respective categories, given their unique proposition. We believe in providing the best value to consumers and are committed to driving high growth for all our stakeholders.”
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