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Hot Pursuit News

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(03 Nov 2023, 11:23)

Tilaknagar Inds hits record high as Q2 PAT soars to Rs 37 cr

Tilaknagar Industries surged 10.16% to Rs 235.35 after the firm’s consolidated net profit stood at Rs 37.04 crore in Q2 FY24, steeply higher than Rs 13.88 crore recorded in Q2 FY23.

Revenue from operations grew by 29.1% year on year (YoY) to Rs 354.39 crore in the quarter ended 30 September 2023.

EBITDA jumped 50.9% to Rs 47.4 crore during the quarter as against Rs 31.4 crore reported in Q2 FY23. EBITDA margin improved to 13.4% in Q2 FY24 as compared to 11.4% recorded in the corresponding quarter previous year.

On half yearly basis, the company reported net profit in H1 FY24 to Rs 62.8 crore as compared from 14.9 crore posted in H1 FY23. Revenue from operations increased 30.6% YoY to Rs 658.5 crore in H1 FY24.

Amit Dahanukar, chairman & MD, tilaknagar industries, said, “Our focus over the coming 6-8 quarters will be to increase our market share in existing and new regions through robust growth in our brandy portfolio. Our company achieved YoY volume grow...

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