Maharashtra knowledge of corporation has released its financial results for FY24

27 August 2024

Key Highlights from the Annual Report for FY24:

• Revenue and Profitability: MKCL saw significant financial growth in FY24, with revenue rising by 32.1% from ₹178 crore in FY23 to ₹235 crore in FY24. This increase was matched by a 32.4% rise in Profit After Tax (PAT), which went from ₹48 crore to ₹63 crore. Earnings Per Share (EPS) also grew by 32.4%, increasing from ₹59 to ₹78. These figures reflect MKCL's successful expansion and effective cost management.
  
  
• Financial Position: The company’s financial stability improved, with total assets increasing by 18.8% from ₹559 crore in FY23 to ₹664 crore in FY24. Total equity also rose by 12.6%, growing from ₹497 crore to ₹560 crore. This growth underscores MKCL’s strong financial foundation.
  
  
• Future Prospects: MKCL’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.