Lava International Unlisted Shares FY24 Results Out! Invest or Avoid? | Quick Analysis
Lava Unlisted Shares FY24 results are out... So, let’s take a quick 1-minute look at it!
Revenue - Lava's total revenue has increased by 5.62%, reaching ₹2,329 crore.
PAT - With a growth of 21.34%, PAT has reached ₹42 crore.
EPS - EPS also showed a growth of 12.31%.
Now, the question is... Should we invest in Lava? Considering a PE of 64, Lava appears to be an overvalued opportunity. Moreover, its revenue has only grown by around 5-6%. For these reasons, we recommend selling.
About Lava International Pre IPO:
Lava International is a prominent Indian multinational technology company that specializes in manufacturing smartphones, laptops, computer hardware, and other consumer electronics. Founded in 2009, the company is headquartered in Noida, India, and operates in various countries across South Asia, the Middle East, and Africa. Lava is known for its commitment to innovation and affordability, offering a wide range of products that cater to diverse consumer needs.
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