Blog
Planify Feed
BVG India posted its FY24 results
  • news
    BVG India posted its FY24 results

    23 October 2024


    • Revenue and Profitability:BVG India Ltd saw significant financial growth in FY24, with consolidated total revenue increasing by 22.7% from ₹2,316 Crore in FY23 to ₹2,841 Crore in FY24. Profit After Tax (PAT) for FY24 increased by 30.19%, reaching ₹186 Crore from ₹160 Crore in FY23.
    • Financial Position:BVG India's financial position improved in FY24. Total assets also rose by 8.4%, growing from ₹1,920 crore in FY23 to ₹2,082 crore in FY24. However, Total Equity saw a significant increase, rising by 15.0% from ₹1,024 crore in FY23 to ₹1,178crore in FY24.
    • Future Prospects:Looking forward, BVG India is well-positioned for continued growth, driven by a positive market outlook for facility management and integrated services in India. The company's strategic focus on expanding its integrated services, waste management, and emergency response services should help capture a larger share of the growing demand. BVG is poised to benefit from increasing investments in sectors like industrial, healthcare, and public infrastructure. Its strong operational track record and focus on supply chain optimization, cost efficiency, and improving margins further bolster its growth potential.

    Image
    Loading PDF…