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)
Get a daily dose of Nepal National news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.
More InformationREDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...
NEW YORK: A survey by Consumer Reports found that electric vehicles (EV) from 2021 through 2023 model years encountered nearly ...
LONDON, UK: In a report released this week, the Economist Intelligence Unit (EIU) said that Singapore and Zurich tied for ...
WASHINGTON D.C.: This week, the U.S. Federal Aviation Administration (FAA) said it implemented a new aircraft certification policy, which requires ...
WASHINGTON D.C.: As businesses built more warehouses and accumulated machinery equipment, the U.S. economy grew faster than initially forecast in ...
WASHINGTON D.C.: This week, the White House said that Senior Biden administration officials met with the makers of respiratory syncytial ...
PABNA, Bangladesh - According to police, the person responsible for the train arson at Ishwardi railway station on November 27 ...
ABU DHABI, UAE - Nepal, according to Prime Minister Pushpa Kamal Dahal 'Prachanda,' requires a significant investment in infrastructure, human ...
KUALA LUMPUR, Malaysia - According to Malaysia's foreign ministry, 121 people, mostly Malaysians suspected of being victims of job scams, ...
QUETTA, Pakistan - Asif Ali Zardari, Co-Chairman of the Pakistan Peoples Party (PPP), stated on Thursday that 'some forces' impede ...
DHAKA, Bangladesh - The European Union (EU) expressed hope on Wednesday that Bangladesh would hold democratic, credible, peaceful, and participatory ...
NAYPYIDAW, Myanmar: Kyar Win, spokesperson for the Myanmar National Democratic Alliance Army, which launched a surprise offensive last month against ...