Assam Carbon Continues Its Growth Journey with Robust FY24 Performance

05 September 2024

​Assam Carbon Products Ltd. held its Annual General Meeting (AGM) recently, highlighting the company's impressive financial performance for FY24 and strategic plans for future growth. Despite facing challenges like supply chain disruptions and a shift in demand from major customers such as Indian Railways, Assam Carbon remains on a strong growth trajectory.

For FY24, the company achieved a **13% increase in total revenue**, reaching INR 64 crore. Profit After Tax (PAT) surged by **30%**, amounting to INR 8 crore, signaling enhanced profitability. The **Earnings Per Share (EPS)** also rose by 30%, reflecting strong returns for shareholders. Additionally, the company's **total assets grew by 13%** to INR 62 crore, and **total equity increased by 18%** to INR 50 crore.

During the AGM, management highlighted Assam Carbon's focus on diversifying its product portfolio, reducing reliance on Indian Railways from 40% of its business to under 20%. The company has invested heavily in capital expenditure, with expansion plans at its Guwahati and Hyderabad factories aimed at increasing production capacity and adding INR 100 crore to turnover in the coming years.

The company is also committed to **environmental and corporate social responsibility (CSR) initiatives**, ensuring that growth is sustainable. Assam Carbon's management is confident about the future, with ambitious targets for FY25 and beyond. Shareholders were also pleased with the Board's recommendation of a **dividend of INR 3 per share**, showcasing the company's dedication to delivering value to its investors.