Anugraha Valve Castings Ltd. has released its financial results for FY24

The company has announced its FY24 results, showing significant improvement in performance. Revenue rose by 20.2%, increasing from ₹317 crore in FY23 to ₹380 crore in FY24. The company achieved a net profit of ₹21 crore in FY24, reflecting a year-on-year growth of 1023.1% compared to FY23, where the net profit was ₹2 crore.

Earnings Per Share (EPS) increased significantly, rising from ₹6 in FY23 to ₹58 in FY24, indicating a substantial improvement in profitability per share.

The company's total assets also grew by 7.4%, from ₹346 crore in FY23 to ₹372 crore in FY24. Total equity saw an increase of 9.7% during the same period, rising from ₹211 crore in FY23 to ₹231 crore in FY24.

Additionally, the company's net profit margin improved from 0.58% in FY23 to 5.4% in FY24, reflecting commendable operational efficiency. Investors are recommended to retain this stock due to its robust financial performance.