TBI Corn Ltd. has released its financial results for FY24

The company has announced its FY24 results, showing significant improvement in performance. Revenue rose by 36.8%, increasing from Rs. 116 cr. in FY23 to Rs. 159 cr. in FY24. The company achieved a net profit of Rs. 10 cr. in FY24, reflecting a year-on-year growth of 62.1% compared to FY23.

Despite the increase in net profit, Earnings Per Share (EPS) fell from Rs. 11,119 in FY23 to Rs. 21 in FY24. This decline is due to an increase in share capital after the company went public on June 7, 2024, with the number of shares rising from 5,600 in FY23 to 1,33,77,600 in FY24.

The company's total assets also grew substantially by 32.0%, from Rs. 77 cr. in FY23 to Rs. 102 cr. in FY24. Total equity saw a significant increase of 155.2% during the same period, mainly due to the proceeds from IPO launch.