Fiberweb India Q4 FY24 Total Income Up 328 Percent

Mumbai (Maharashtra) [India], May 23: Fiberweb (India) Ltd. a 100% EOU & manufacturers of non-woven fabrics announced its audited Q4 FY24 & FY24 result. 

Q4 FY24 Key Financials at a Glance: 

(₹  Crores)

ParticularQ4FY24Q4FY23 YoY Change
Total Income20.954.90327.55%
EBITDA5.33-5.40Loss To Profit
EBITDA (%)25.44%-110.98%Loss To Profit
Net Profit3.52-5.15Loss To Profit
Net Profit Margin (%)16.80%-105.75%Loss To Profit
EPS1.22-2.51Loss To Profit

FY24 Key Financials at a Glance: 

(₹ Crores)

ParticularFY24FY23 YoY Change
Total Income86.9067.3828.97%
EBITDA (%)14.23%5.01%689 BPS
Net Profit7.28-0.30Loss To Profit
Net Profit Margin (%)8.38%-0.44%Loss To Profit
EPS2.52-0.10Loss To Profit

Key Financial Highlights:

The Book Value of the company stands at ₹ 56 per share.

Commenting on the performance,Mr. Bhavesh P Sheth, Director of Fiberweb (India) Ltd. said, “We are pleased to announce our Q4 and FY24 results, which demonstrate our resilience and a significant turnaround in our financial performance. We have also achieved substantial improvements in profitability, reflected in our strong margin growth.

The improving market conditions are expected to sustain our growth moving forward. We are deeply grateful to all our stakeholders for their long-term support.”

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