Stylam Industries Reports Strong Q4 Performance with 40% Profit Growth

Stylam Industries has posted impressive financial results for the March 2024 quarter, with consolidated net profit surging 40.24% year-on-year. The company continues to strengthen its market position in the laminate and surface solutions industry, driven by steady revenue growth and improved operational efficiency.

 

Key Highlights:

 

Revenue Growth: Stylam Industries reported consolidated revenue from operations of ₹2.65 billion, reflecting a 1.29% increase compared to the previous year.

 

Profit Surge: Net profit rose 40.24% to ₹295.8 million, up from ₹26.79 crore in the same quarter last year.

 

Operational Efficiency: The company’s operating profit margin improved to 19.87%, showcasing better cost management.

 

Annual Performance: For the full fiscal year, net profit climbed 33.82% to ₹128.44 crore, despite a 4% decline in total sales.

 

Market Expansion: Stylam Industries continues to expand its presence across 80+ countries, reinforcing its global leadership in surface solutions.

 

This strong quarterly performance highlights Stylam Industries’ resilience and strategic focus on profitability, despite broader market challenges.

 

Source: Business Standard, Stylam Investor Relations