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Hot Pursuit News

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(14 May 2024, 11:46)

Ethos spurts as Q4 PAT climbs 58% YoY to Rs 21 cr

Ethos surged 8.29% to Rs 2,503.95 after the company’s consolidated net profit surged 58.36% to Rs 21.03 crore in Q4 FY24 as against Rs 13.28 crore recorded in Q4 FY23.


Revenue from operation jumped 21.66% to Rs 252.52 crore in Q4 FY24 as compared with Rs 207.57 crore posted in Q4 FY23.

Profit before tax in Q4 FY24 stood at Rs 27.74 crore, up 56.28% from Rs 17.75 crore posted in Q4 FY23.

EBITDA was at Rs 44.4 crore in Q4 FY24, registering a growth of 45.1% on YoY basis. EBITDA margin improved to 17% in Q4 FY24 as compared to 14.4% reported in Q4 FY23.

On full year basis, the company's consolidated net profit grew 38.14% to Rs 83.3 crore on 26.69% jump in revenue to Rs 998.99 crore in FY24 over FY23.

EBITDA surged 36% YoY to Rs 175.3 crore in FY24. The company said that it recorded its highest-ever EBITDA & PAT in FY24 on the back of robust demand and focused marketing initiatives.

EBITDA margin improved to 17.1% in FY24, continues t...

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