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    Home - Business - Motisons Jewellers Limited Q4FY24 Net Profit Up By 258 Percent and Net Profit Margin UP by 590 BPS
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    Motisons Jewellers Limited Q4FY24 Net Profit Up By 258 Percent and Net Profit Margin UP by 590 BPS

    PNN Online DeskBy PNN Online DeskMay 30, 2024Updated:May 30, 2024No Comments2 Mins Read
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    Jaipur (Rajasthan) [India], May 30:  Motisons Jewellers Limited (MOTISONS, BSE & NSE: INE0FRK01012), is one of the leading Jewellery retailer has reported its Audited financials for Q4 and FY24.

    Key Financial Highlights

    Q4FY24

    Particulars (₹ Cr)Q4FY24Q4FY23YoY Change
    Total Revenues117.0090.6729.03%
    EBITDA17.979.3093.32%
    EBITDA (%)15.36%10.25%511 BPS
    Net Profit10.772.97257.88%
    NPM (%)9.22%3.32%590 BPS
    EPS (₹)1.100.46139.13%

    FY24

    Particulars (₹ Cr)FY24FY23YoY Change
    Total Revenues417.18366.81 13.73%
    EBITDA63.7549.6028.53%
    EBITDA (%)15.28%13.52%176 BPS
    Net Profit32.2022.1945.21%
    NPM (%)7.73%6.05%167 BPS
    EPS (₹)4.303.4225.73%

    Key Highlights For FY24:

    During the fiscal year 2024, we recorded robust financial results, marked by a significant reduction in long term debt to ₹ 0.91 Cr from ₹ 12.89 Cr last year and short-term debt to ₹ 107.94 Cr from ₹151.65 Cr last year.

    The company got listed on NSE and BSE in month of December 2023 with an IPO of ₹ 151 Cr.

    Commenting on the performance Mr. Sandeep Chhabra, Chairman/Whole Time Director of Motisons Jewellers Limited said, “We are pleased to report a commendable growth trajectory for FY24 backed by strong demand for our products. Additionally, our strategies and stringent cost control measures resulted in impressive growth in profitability margin expanding our bottom line by 258% for Q4 FY24.”

    These strategic initiatives underpin our commitment to sustaining our growth momentum and expanding our market presence, ensuring long-term value creation for our stakeholders.”

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

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