Signify Innovations India Unlisted Shares (Philips Lighting) FY24 Results: Should you invest?
Signify Innovations India, formerly known as "Philips Lighting India," focuses on manufacturing electric lights and light fixtures. Signify Innovations unlisted shares FY24 Results are out!
The company's revenue slightly decreased from ₹3,106 crore in FY23 to ₹3,069 crore in FY24. The primary reason for this decline is a ₹112 crore drop in product sales, mainly seen in the Indian domestic market. However, there was a 15% increase in revenue from international markets.
Despite the revenue decline, the company sustained its profitability at ₹269 crore. Overall expenses saw a slight 1% decline, which resulted in an improvement in EPS, increasing from ₹46 to ₹47 in FY24.
Currently, Signify's P/E ratio is 30, which is higher than the industry P/E. If you already hold shares of Signify, you can consider holding them, but now may not be the best time to invest in the company.
About Signify Innovations India Pre IPO:
Signify Innovations India is a leading player in the lighting industry, known for its innovative products and solutions. As a subsidiary of Signify, the world's largest lighting company, Signify India offers a wide range of energy-efficient lighting products, systems, and services to both residential and commercial customers. With a focus on sustainability and technological advancements, Signify India is committed to improving people's lives through innovative lighting solutions that enhance comfort, safety, and efficiency.
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