Defence stock engaged in the business of designing, developing, and manufacturing Defence Application Products, Kitchen, and Dairy Equipment Products jumped 19 percent in the day’s trade upon posting its Q4FY24 results with a 173 percent jump in Net Profits.
With a market capitalization of Rs. 742 Crores, the shares of Krishna Defence and Allied Industries Limited were trading at Rs. 541, up 18.78 percent from the previous day’s of Rs. 455.45.
Its Revenue from Operations half yearly grew by 102 percent from Rs. 35.22 Crores in H1FY24 to Rs. 71.19 Crores in H2FY24 and it grew by 61 percent from Rs. 44.10 Crores in H2FY23 to Rs. 71.19 Crores in H2FY24. Annually it generated a revenue of Rs. 63.65 Crores in FY23 to Rs.106.42 Crores in FY24, indicating a growth of 64 percent.
Its Net profit half yearly grew by 173 percent from Rs. 2.62 Crores in H1FY24 to Rs. 7.16 Crores in H2FY24 and it grew by 96.16 percent from Rs. 3.65 Crores in H2FY23 to Rs. 7.16 Crores in H2FY24. Annually it generated a Net Profit of Rs. 5.29 Crores in FY23 to Rs. 9.78 Crores in FY24, indicating a growth of 85 percent.
Krishna Defence & Allied Industries Limited is engaged in the business of designing, developing and manufacturing Defence Application Products, Kitchen, and Dairy Equipment Products.
Its core competencies include product prototype, design, and development, functional testing, validation, field testing, followed by verification, as well as Annual Maintenance Contracts, Service tele-support, and physical support to maintain the uptime of equipment
Krishna Defence & Allied Industries Limited has a wide range of products consisting of Ballast Bricks, Special Profile for Armoured Vehicle, Modular Vehicle Barriers, Improvised Explosive Device Containment Vessel, Direct Expansion Bulk Milk cooler and many others.
It has reported a return on equity (ROE) of 26.7 percent, a return on capital employed (ROCE) of 26.3 percent, and a debt-to-equity ratio of 0.09.
Written by: Bharath K.S
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