Kamat reported decent operating performance:
- Q4FY23 consolidated topline of 80 Cr in vs 84 Cr QoQ and 46 Cr YoY- 74% growth ; EBITDA of 27 Cr vs 33 Cr QoQ and 13 Cr YoY ; OPM of 34% vs 40% QoQ and 29% YoY
- FY23 Consolidated topline of 295 Cr vs 145 Cr YoY ; EBITDA of 108 Cr vs 36 Cr YoY ; OPM of 37% vs 25% YoY ; CFO of 116 Cr vs 31 Cr
The notes to accounts & BS of FY23 gives detailed insights on the long due balance sheet clean up:
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OHPPL settled book debt of Rs.188 Cr at Rs.142 Cr- No Due Certificate received
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Consolidated Gross Debt now stands at Rs.328 Cr vs Rs.531 Cr YoY
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Consolidated Cash Flow from Financing: Outflow of Rs.350 Cr long-term borrowing and Rs.62 Cr of interest(including other borrowings). Net repayment of Rs.350 Cr + 62 Cr – 302 Cr (NCD) – 12 Cr (Warrants) – 11 (Warrant conversion) – 11 Cr (Nagpur land) = 76 Cr from internal accruals.
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Rs.1 Cr received as advance for sale of VITS, Andheri at around Rs.125 Cr.
Company also signed EY as their IR and released first press release:
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