Deepak Industries released its financials for FY24

23 October 2024

Deepak Industries' financial performance for 2024 shows resilience despite a slight revenue decline. The company has managed to improve profitability through better cost management or operational efficiency, as reflected in the growth of PAT and EPS.

• Slight Revenue Decline: The total revenue for the year 2024 is ₹800.9 crores, which shows a decline of 2.36% compared to the previous year. This indicates a minor reduction in sales or income, possibly due to market conditions or lower demand.
• Improved Profitability: Despite the revenue decline, there is a modest increase in Profit After Tax (PAT) by 0.95% to ₹118.7 crores, and a 1.19% rise in Earnings Per Share (EPS) to ₹300.7. This suggests the company managed to control costs or improve efficiency, leading to better profitability margins.
  
• Significant Growth in Equity and Assets: Total assets increased by 6.95% to ₹814.6 crores, while total equity rose by 20.56% to ₹672.7 crores. This indicates a strengthening of the company's balance sheet, possibly due to retained earnings or new investments, enhancing its financial stability.