Kshitij Polyline Announced Stellar Q4FY24 Results; PAT Grows 342% YoY

Kshitij Pali Line Limited has informed the stock market that the company has released the results of the fourth quarter of the last financial year. The company's revenue from operations stood at Rs 59.40 crore in the fourth quarter of the last financial year, registering a growth of 7per cent on a year-on-year basis. The company's EBITDA has increased by 6per cent on a year-on-year basis to Rs 5.69 crore, while the profit after paying tax has increased by 34per cent to Rs 1.61 crore.

Kshitij Poly Line Limited has informed the stock market that its revenue from operations in the fourth quarter of the last financial year was Rs 15.10 crore, which is 56 percent more than the fourth quarter of the previous financial year.

The company's profit after paying tax in the fourth quarter of the last financial year was Rs 1.51 crore, which has registered a growth of more than 428 percent on a year-on-year basis. Kshitij Poly Line Limited is a micro-cap company with a market cap of about Rs 30 crore, which manufactures industrial PP sheets, PP files and folders along with lamination products etc.

Commenting on the FY24 Performance, the Management added, "We are pleased to announce stellar earnings for FY24, marking a transformative year for Kshitij Polyline Ltd. Our consolidated revenue from operations grew by an impressive 74.84% year-on-year, reaching Rs. 5940.40 Lakhs. This significant increase is a testament to our robust business strategies and the dedication of our team. Additionally, our consolidated EBITDA rose by 62.60% year-on-year to Rs. 569.69 Lakhs, including other income. Our consolidated Profit After Tax (PAT) saw a remarkable jump of 342year-on-yeartotallingng Rs. 161.31 Lakhs."

Amid good stock market performance, shares of Kshitij Polyline Limited rose by abouoneeper centnt and were trading at the level of Rs 5.85. The shares of Kshitij Polyline Limited, a micro-cap company with a market cap of about Rs 30 crore, have a 52-week high of Rs 11.75 while the 52-week low is Rs 4.5.

In the last 5 days, the shares of Kshitij Pali Line have given investors a return of 1per per cent.

Founded and established in 2008, Kshitij Polyline Ltd is one of the leading manufacturers, suppliers, and exporters in India. It has worked with clients all over the world, proudly servicing their needs repeatedly. It deals in a wide range of products including polypropylene sheets, office files and folders, lamination products, binding sheets and other binding products, neck lanyards, card holders, and many more. It has grown year on year to become one of the largest manufacturers in India. Since 2008, it has been at the forefront of providing innovative solutions in manufacturing, supplying, and exporting a wide array of products, mainly industrial PP sheets, PP files and folders, and lamination products. Its experience and business acumen have enabled it to carve out a goodwill among its clients.