Uravi T and Wedge Lamps Announces Growth Revenue Up by 50Percent, EBITDA Soars 196 Percent in Q4 FY24

Mumbai (Maharashtra) [India], May 25: Uravi T & Wedge Lamps Limited (NSE Code: URAVI, BSE Code: 543930), one of the leading manufacturers and supplier of incandescent and wedge -based automotive lamps, has announced its Audited Financial result for Q4 FY24 and FY24.

Key Financial Highlights 

Q4 FY24

-Total Income of ₹ 11.34 Cr, YoY growth of 50.10%

– EBITDA of ₹ 1.93 Cr, YoY growth of 195.65%

– EBITDA Margin of 17.01%, YoY growth of 837 Bps

– PAT of ₹ 0.55 Cr, YoY change Loss to profit

– PAT (%) of 4.88%, YoY change Loss to profit

– EPS of ₹ 0.5, YoY change Loss to profit

FY24

-Total Income of ₹ 42.68 Cr, YoY growth of 23.29%

– EBITDA of ₹ 7.11 Cr, YoY growth of 28.65%

– EBITDA Margin of 16.65%, YoY growth of 69 Bps

– PAT of ₹ 2.13 Cr, YoY growth of 145.83%

 – PAT (%) of 5.00%, YoY growth of 249 Bps

 – EPS of ₹ 1.94, YoY growth of 145.57%

Commenting on the performance, Mr. Niraj Gada, Managing Director and CEO said, “We are extremely happy to report ~ 150% growth in FY24. We are confident that the growth momentum will continue in the future with our strategies to expand our product portfolio to include two-wheeler electric vehicles (2W EVs) and by exploring international collaborations in LED manufacturing. Our focus on innovation and high-quality deliverables in both domestic and international markets will propel us to new milestones.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.