Key Highlights from the Annual Report of Bolzen and Mutter for FY24:

21 October 2024

• Revenue and Profitability: Bolzen & Mutter saw significant financial growth in FY24, with revenue rising by 43% CAGR from ₹16 crore in FY22 to ₹36.6 crore in FY24. This increase was matched by an 83% CAGR rise in Profit After Tax (PAT), which went from ₹0.4 crore in FY22 to ₹2.2 crore in FY24. These figures reflect Bolzen & Mutter's successful expansion and effective cost management.
  
• Financial Position: The company’s financial stability improved, with total revenue increasing by 16.7% from ₹15.9 crore in FY22 to ₹18.6 crore in FY23. Total assets also rose by 13.3%, growing from ₹9.07 crore in FY22 to ₹10.27 crore in FY23. However, Total Equity saw a significant decrease, falling by 243.8% from ₹3.44 crore in FY22 to ₹0.99 crore in FY23.
  
• Future Prospects: Bolzen & Mutter’s robust financial performance and consistent growth in revenue, profitability, and assets indicate a positive outlook for the future. The company is well-positioned for continued expansion and enhanced market presence. The strategic focus on fasteners for the booming solar sector offers a competitive edge, with potential to generate 70-80% of its revenue from this sector.