Maharashtra knowledge of corporation has released its financial results for FY24

Maharashtra knowledge of corporation has released its financial results for FY24
Planify Author
Author

Planify Author

Financial Analyst Intern
Publish Date27 August 2024
Reading time1 Min

Share on Social Links

Category

StockBeginner GuideAngel InvestingSME IPOEconomy MarketAIFInvestmentsMore

Key Highlights from the Annual Report for FY24:

  • Revenue and Profitability: MKCL saw significant financial growth in FY24, with revenue rising by 32.1% from ₹178 crore in FY23 to ₹235 crore in FY24. This increase was matched by a 32.4% rise in Profit After Tax (PAT), which went from ₹48 crore to ₹63 crore. Earnings Per Share (EPS) also grew by 32.4%, increasing from ₹59 to ₹78. These figures reflect MKCL's successful expansion and effective cost management.

  • Financial Position: The company’s financial stability improved, with total assets increasing by 18.8% from ₹559 crore in FY23 to ₹664 crore in FY24. Total equity also rose by 12.6%, growing from ₹497 crore to ₹560 crore. This growth underscores MKCL’s strong financial foundation.

  • Future Prospects: MKCL’s robust financial performance and consistent growth in revenue, profitability, and assets indicate a positive outlook for the future. The company is well-positioned for continued expansion and enhanced market presence.

Tags

Unlisted SharesPre-IPOInvestmentStock MarketFinance

Stay Connected, Stay Informed –

Join Our

WhatsApp

Channel!

Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.