chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a703611-41b0-4d78-b6a1-2a6144e89f43.pdf
Due to ~1 month worker’s strike in the factory Indo Tech’s 1QFY25 revenues at Rs 82.2 crs declined 12% YoY (worker’s strike from April 29 to May 24, 2024)
However despite this EBITDA at Rs 8.2 crs was up 35% YoY (Clearly orders in the backlog are higher margin orders)
EBITDA margins at 10% increased to 1QFY25 from 6.5% in 1QFY24
PAT at Rs 5.9 crs was up 67% YoY.
Does not make sense to do QoQ comparisons. Usually 1Q is the smallest quarter in the year and 4Q is the largest (for example 1QFY24 was only 18% of FY24 revenues and 1QFY23 was only 15% of FY23 revenues)
Overall a decent quarter. 2Q, 3Q and 4Q will be even better.
| Subscribe To Our Free Newsletter |
