Taparia Tools Achieves Robust Growth in FY24

24 October 2024

​​Taparia Tools demonstrated a strong financial performance in 2024, characterized by healthy revenue growth and impressive gains in profitability. The company's expanded asset base and equity reinforce its financial stability and potential for future growth.

• Steady Revenue Growth: Taparia Tools reported an 8.38% increase in total revenue, reaching ₹828.53 Crores. This indicates solid sales performance and stable demand for the company’s products in 2024.
• Substantial Profit Increase: The Profit After Tax (PAT) surged by 37.94% to ₹99.76 Crores, accompanied by an identical growth rate in Earnings Per Share (EPS) to ₹65.73. This reflects a significant enhancement in profitability, driven by improved margins, cost management, or operational efficiencies.
• Strengthened Balance Sheet: Total assets grew by 17.33% to ₹409.58 Crores, while total equity increased by 17.08% to ₹316.56 Crores. The parallel growth in assets and equity suggests that Taparia Tools is effectively reinvesting its profits and expanding its financial base.