Posted good set of overall numbers.
Some highlights:
- Gross margin in Q4 FY23 came in at 46.82%, best in the industry if I am not wrong.
- EBIDTA margin also expanded to 22% this quarter.
- Crossed the 1000 Crore mark in revenues for the full year for the first time
- Revenue, PAT and EBIDTA all grew considerably this year. However, interesting thing to note is that while revenue grew at 18.47%, EBIDTA grew at 33.5% and PAT at 56.98%, which in my mind is a big positive as bottom line is growing more exponentially than sales.
All good sign so far. If someone else who’s also been following this business analyze the results and point out any negatives, that would be great.
Disc: Invested and biased. Not a buy/sell recommendation.
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