AV Thomas has released its financial results for FY24

02 July 2024

The company’s FY24 results show an improved performance. Revenue grew by 5.6%, rising from Rs. 1022 Cr. in FY23 to Rs. 1079 Cr. Net profit increased by 26.5% year-on-year, from Rs. 50 Cr. in FY23 to Rs. 64 Cr. in FY24, boosting earnings per share (EPS) from Rs. 1083 to Rs. 1389.

The company declared a total dividend of Rs. 350 per share, with Rs. 150 already paid as an interim dividend and Rs. 200 to be paid as a final dividend.

During FY24, the company also initiated a Buy-Back offer for 20,841 fully paid-up Equity Shares of face value Rs. 10 at Rs. 17,000 per share, totaling Rs. 35.4 cr. The offer, open from February 16 to March 16, 2024, received a response for 2612 shares. This reduced the company's share capital from 4,59,152 shares to 4,56,540 shares, with a current paid-up capital of Rs. 45,65,400.

Additionally, the company’s total assets grew by 9.8%, from Rs. 395 Cr. in FY23 to Rs. 433 Cr. in FY24. Total equity increased by 11.1%, mainly due to higher retained earnings driven by increased profits.