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Vindhya Telelinks FY-24 Financial Results: Revenue Up 41%, PAT Jumps 53% YoY

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Vindhya Telelinks Limited [NSE: VINDHYATEL, BOM: 517015], an Indian cable manufacturing company, has announced its financial results for Q4 of FY-24 and the financial year ended 31st March 2024.

Vindhya Telelinks’ Standalone Financial Results: Q4 FY-24 & FY-24

Vindhya Telelinks reported a standalone revenue of Rs. 1,289.98 crore from operations during Q4 of FY-24 and a Profit After Tax (PAT) of Rs. 49.22 crore during last quarter of FY-24. Further, the company’s Earnings Per Share (EPS) stood at Rs. 41.53 during Q4 of FY-24.

During the entire financial year 2023-24, the company earned a revenue of Rs. 4,086.53 crore from operations and a PAT of Rs. 155.06 crore. Vindhya Telelinks’ EPS were Rs. 130.84 during entire FY-24.

Vindhya Telelinks’ Consolidated Financials: Q4 of FY-24 & FY-24

YoY Comparison of Vindhya Telelinks Financial Figures: Q4 FY-24 vs. Q4 FY-23 & FY-24 vs. FY-23

Vindhya Telelinks’ Revenue Comparison: Q4 FY-23 vs. Q4 FY-24 vs. FY-23 vs. FY24

Vindhya Telelinks’ quarterly revenue decreased Year-over-Year (YoY) by 6.18% to Rs. 1,289.98 crore in Q4 of FY-24 from Rs. 1,374.93 crore during Q4 of FY-23. Further, the company logged a PAT of Rs. 108.35 crore in last quarter of FY-24 which is YoY 6.95% higher than Vindhya Telelinks’ profit of Rs. 101.31 crore during Q4 of FY-23.

Vindhya Telelinks’ Revenue Comparison: Q4 FY-23 vs. Q4 FY-24 vs. FY-23 vs. FY24

Considering the entire financial year 2023-24, Vindhya Telelinks generated revenue of Rs. 4,086.53 crore against Rs. 2,900.11 crore revenue in FY-23. This reflects a significant increase of 40.91% from FY-23 to FY-24. The company’s PAT also saw a steep increase of 52.55% to Rs. 282.69 crore in FY-24 from Rs. 185.31 crore in FY-23.

The company’s EPS stood at Rs. 91.43 during fourth quarter of FY-24 and Rs. 238.54 during entire financial year 2023-24.

Vindhya Telelinks’ Revenue: Q3 FY-24 vs. Q4 FY-24
Vindhya Telelinks’ PAT: Q3 FY-24 vs. Q4 FY-24

QoQ Comparison of Vindhya Telelinks Financial Numbers: Q3 FY-24 vs. Q4 FY-24

On a Quarter-over-Quarter (QoQ) basis, the company’s revenue jumped by 19.03% from Rs. 1,083.74 crore during Q3 of FY-24. Further, Vindhya Telelinks’ PAT also followed the upward trend, increasing by 57.58% from Rs. 68.76 crore, reported for third quarter of FY-24.

Vindhya Telelinks’ Segment Wise Revenue Comparison

Vindhya Telelinks’ Segment-wise Revenue: Q4 FY23 vs. Q4 FY24 vs. FY23 vs. FY24

Cables: Vindhya Telelinks’ Cables segment revenue was Rs. 141.07 crore during Q4 of FY-24 as compared to Rs. 207.38 crore during Q4 of FY-23, reflecting a decrease of 31.98% YoY.

For the entire 2023-24 fiscal, Vindhya Telelinks’ revenue from Cables segment decreased by 22.14% to Rs. 593.57 crore in FY-24 fiscal against Rs. 762.32 crore in FY-23.

Engineering, Procurement & Construction (EPC): This segment of the company contributed a major portion of Vindhya Telelinks’ revenue during FY-24. The company generated 85% of gross revenue from its EPC business.

*Gross revenue of a company represents the total of segmental revenues before subtracting inter-segmental revenue.

During the closing quarter of FY-24, Vindhya Telelinks clocked Rs. 1,153.14 crore as revenue from its EPC business. This shows a decrease of 3.06% from Rs. 1,189.48 crore revenue, logged during Q4 of FY-23.

For entire FY-24, Vindhya Telelinks’ revenue from its EPC business stood at Rs. 3,523.63 crore which is up by 55.20% from Rs. 2,270.43 crore, logged for FY-23.

Vindhya Telelinks Announces 150% Final Dividend for FY 2023-24

The Board of Directors of Vindhya Telelinks has recommended a final dividend of 150% for the 2023-24 fiscal, amounting to Re. 15 per equity share. Pending approval at the upcoming Annual General Meeting (AGM), shareholders can expect to receive this dividend within 30 days from the conclusion of the AGM.

About Vindhya Telelinks Limited:: Vindhya Telelinks was formed as a Public-Private venture between Universal Cables Limited and the Madhya Pradesh State Industrial Development Corporation Limited. The company started production in 1986 from its plant at Rewa, Madhya Pradesh. Vindhya Telelinks Ltd. manufactures a wide variety of cables such as Optical Fibre Cables, Copper Cables, Power Cables, Solar Cables, and Telecom Fibre Accessories. The company has a substantial EPC portfolio.