Friday, May 24, 2024

Atam Valves, Achieves A Total Revenues of Rs 52.62 Cr in FY24

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Mumbai (Maharashtra) [India], April 17: Atam Valves Limited (ATAM) (BSE – 543236, NSE – ATAM), a renowned manufacturer of industrial and plumbing valves and fittings, has announced its Audited FinancialResults for the Q4 & FY24.

Key Financial Highlights

Q4 FY24

-Total Income of ₹ 17.27 Cr

-EBITDA of ₹ 4.01 Cr

-EBITDA Margin of 23.23 %

-PAT of ₹ 2.68 Cr

-PAT Margin of 15.55 %

-EPS of ₹ 2.34  

FY24

-Total Income of ₹ 52.62 Cr

 -EBITDA of ₹ 9.82 Cr

-EBITDA Margin of 18.66 %  PAT of ₹ 5.83 Cr

-PAT Margin of 11.08 % • EPS of ₹ 5.21

Commenting on the performance, Mr. Amit Jain – Managing Director of Atam Valves Limited said,”With a promising demand outlook for industrial valves, we’re strategically expanding our market presence by venturing into new industries and strengthening our footprint globally. Our endeavour to obtain API certification by Q2 FY25 signifies our dedication to elevating industry standards and enhancing marketability. With this proactive approach, we are confident in sustaining our profit margin with an upward bias. ” 

Highlights for Q4 FY24 (January 2024 – March 2024)

Allotted 24 Lakhs Equity shares Company has allotted 9.15 Lakhs Equity shares of ₹ 10 each to Mr. Amit Jain, Managing Director of the Company, pursuant to the conversion of warrants  

• 4.57 Lakhs Equity Shares issued at a price of ₹ 52 per warrant out of which ₹ 13 were paid at the time of allotment of warrants and ₹ 39 per warrant paid at the time of conversion of warrants into equity shares, and  
• Rest 4.57 Lakhs Equity Shares as Bonus Issue in the ratio of 1:1  

Change in Management   • CA Parminder Singh appointed as Non-Executive Independent Director, with decades of experience in accounting and financial strategies.  
• Mr. Bhavik Jain appointed as Wholetime Director, leveraging international exposure to drive growth and oversee global operations.  
• Mr. Gaurav Jain appointed as Non-Executive Independent Director  
.

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.

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