This dividend declaration was initially approved during the company's board meeting in August, contingent on the shareholders' approval. Subsequently, the shareholders gave their approval during the company's Annual General Meeting held on 30th September 2023.
Earlier in August, the company announced stellar earnings for Q1FY24. Total Revenue witnessed stellar growth of 148.9 per cent in Q1 FY24 to Rs. 79.8 Crore from Rs. 32.1 Crore in Q1 FY23 on a YoY basis respectively. EBITDA increased by 415.3 per cent from â¹1.4 Crore in Q1 FY23 to â¹7.1 Crore in Q1 FY24, margins improved from 4.3 per cent in Q1 FY23 to 8.9 per cent in Q1 FY24 on account of increasing scale of operations and higher value products. Net PAT stood at â¹4.1 Crore in Q1 FY24, compared to â¹0.4 Crore in Q1 FY23, margins improved from 1.1 per cent in Q1 FY23 to 5.1 per cent in Q1 FY24.
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