NewJaisa Technologies H1 FY24 Total Income Up 86%

ANI PR Wire
16 Nov 2023, 23:32 GMT+10

PNN

Mumbai (Maharashtra) [India], November 16: NewJaisa Technologies Limited (NSE - NEWJAISA), India's leading IT electronics refurbishing company, announced its unaudited Financial Results for H1 FY24.

Key Financials at a Glance:

H1 FY24:

* Total Income of Rs 26.17 Cr, up by 85.87 %

* EBITDA of Rs 4.06 Cr, up by 49.90 %

* Net Profit of Rs 2.89 Cr, up by 39.07 %

* EBITDA Margin stood at 15.51%

* Net Profit Margin stood at 11.10%

* EPS stood at Rs 2.45

Commenting on the performance, Vishesh Handa, Chairman and Managing Director of NewJaisa Technologies Limited said, "I'm happy to announce an impressive 85% revenue growth in H1 FY24. Our customer base, spanning households, SMEs, and students, continues to drive significant demand. Emphasizing strategic growth, we're successfully diversifying revenue channels through direct sales.

Our strategy emphasis on sustainable growth is reflected in 85-90% year on year increase in our topline.

We continue to broad base our revenue channels through direct sales to diversified consumer segments. Our margin stands at 11.10% a deliberate alignment with our sustainable growth plan as we aimed to invest funds in human capital which reduces our margins by 3.72% when compared to H1 FY 23. We ramped up our employee base to double to fuel our sustainable growth projections.

H2 of financial year is always important and significant for us, we're proactively gearing up for the anticipated surge in demand during the festive season. To gain the momentum we have made our new facility of around 30K Sq ft. operational in October 2023.

Our consistent investments position us well to handle and capitalize on this seasonal uptick."

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.

More Information

12 ℃

Mostly Cloudy in Kathmandu

Business

Section

Microsoft president denies super-intelligent AI possible in 12 months

REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...

EVs not as reliable as conventional cars, trucks: Consumer Reports

NEW YORK: A survey by Consumer Reports found that electric vehicles (EV) from 2021 through 2023 model years encountered nearly ...

Singapore, Zurich, Geneva are among world's costliest cities

LONDON, UK: In a report released this week, the Economist Intelligence Unit (EIU) said that Singapore and Zurich tied for ...

FAA's new aircraft certification policy changes key flight controls

WASHINGTON D.C.: This week, the U.S. Federal Aviation Administration (FAA) said it implemented a new aircraft certification policy, which requires ...