Hella India Lighting Ltd FY24 Results in 1 Minute – Did You Miss the Exit Opportunity?
Hella India Lighting Ltd. has announced its FY24 results. So, let’s take a look at their performance in just 1 minute!
Revenue and Profitability:
Hella India's revenue increased by 7%, going up from ₹383 crore to ₹411 crore. Meanwhile, profits grew by 8%, rising from ₹27 crore to ₹29 crore. However, despite this, there was a 3% decline in EPS, which dropped from 85 to 82.
Valuation:
Hella India's PE ratio is 12, while the industry PE is 37.
Also, to inform you, on 17th February 2024, after receiving NCLT approval, Hella India Lighting Pre IPO reduced its share capital and offered an exit at ₹1039.17. So, if you participated in this, you would have received a good exit.
About Hella India Lighting Ltd Unlisted Shares:
Hella India Lighting Ltd. is a leading manufacturer of automotive lighting systems in India. With a strong focus on innovation and quality, Hella India has established itself as a trusted partner to major automotive OEMs in the country. The company offers a wide range of lighting solutions, including headlamps, taillights, fog lamps, and interior lighting systems, catering to both passenger cars and commercial vehicles. Hella India's commitment to technological advancements and customer satisfaction has enabled it to consistently deliver high-performance and reliable lighting products to the Indian automotive market.
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