BOAT Unlisted Shares FY24 Results Out: Losses Shrink, But Is It Enough? SELL or HOLD?

Boat FY24 Results are out. Let's take a quick look!

Revenue: In FY24, revenue fell by 7.7%, from ₹3,377 crore to ₹3,118 crore.

Profitability: Boat is still operating at a loss, although losses have decreased from ₹129 crore to ₹80 crore in FY24.

EPS: Boat’s EPS remains negative, at -8 in FY24.

Boat’s new electronic wearables, like smartwatches, didn’t meet expectations, leading to significant cash burn and contributing to ongoing losses. Additionally, Boat faces strong competition from brands like Noise and Fire-Boltt, which has led to increased marketing expenses.

Given Boat unlisted shares high EV/Revenue ratio of 7x, we recommend a Sell. Subscribe if you enjoyed our Boat Share Latest News!

About BOAT Pre IPO:

A boat company is a business that specializes in the design, manufacture, sale, rental, or operation of boats. They can range from small, local operations focusing on recreational boating to large international corporations involved in commercial shipping and marine transportation. Boat companies may offer a variety of services, including boat sales, repairs, maintenance, storage, and charter services. Some also provide training and education for boaters.

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