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 Herald Globe 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 Herald Globe.
More InformationIsrael has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...
NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...
NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...
NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...
WASHINGTON D.C.: The Associated Press (AP) reported that Manuel Rocha, a former American diplomat who served as U.S. ambassador to ...
MADISON, Wisconsin: On November 30, Hridindu Sankar Roychowdhury from Wisconsin pleaded guilty to firebombing a conservative anti-abortion group's office on ...
(Photo credit: Denny Medley-USA TODAY Sports) The Kansas City Chiefs activated linebacker Nick Bolton from injured reserve on Saturday and ...
Mumbai (Maharashtra) [India], December 9 (ANI): Delhi Capitals (DC) head coach Jonathan Batty said that Australian all-rounder Annabel Sutherland was ...
Durban [South Africa], December 9 (ANI): India's T20I skipper for the South Africa series, Suryakumar Yadav, feels confident in his ...
New Delhi [India], December 9 (ANI): South African pacer Lungi Ngidi sustained a sprain on his left ankle and has ...
(Photo credit: Dan Powers/USA TODAY NETWORK-Wisconsin / USA TODAY NETWORK) The Los Angeles Rams promoted veteran kicker Mason Crosby from ...
(Photo credit: Bill Streicher-USA TODAY Sports) Philadelphia Eagles head of security Dom DiSandro will not patrol the sideline for Sunday ...