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Indag Rubber Ltd. — Earnings Release 2023
Nov 28, 2023
62275_rns_2023-11-28_3f5e0e12-9c15-4545-a59d-9f48719a2131.pdf
Earnings Release
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lndag Rubber Limited
Regd.Office :Khemka House, 11, Community Centre, Saket, New Delhi ·110017, India Phone :26963172-73, 26961211, 26663310, 41664618, 41664043, Fax : 011- 26856350 E-mail :[email protected], Website: www.indagrubber. com, CIN-L74899DL1978PLC009038 Works :Village Jhiriwala,Tehsil, Nalagarh,Distt. Solan, Himachal Pardesh - 174101,India Phone :09736000123
ISO900 1: 2015 ISO14001 : 2015
November 28, 2023
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001.
(Company code‐1321) (Scrip code‐509162)
Sub.: Result Press Release of Q2 FY2024.
Dear Sir,
Enclosed please find Result Press Release of Q2 and H1 FY2024 for the information of the investors and public at large.
Thanking you.
Yours faithfully,
For Indag Rubber Limited
SONAL GARG Digitally signed by SONAL GARG DN: c=IN, postalCode=121008, st=HARYANA, street=478 GROUND FLOOR ,FARIDABAD,SECTOR 28 ,121008, l=FARIDABAD, o=Personal, serialNumber=4e3fdb4bd9d324abb6eabbabef5f28add68601bb9d9ad30ac2366a4295f08b60, pseudonym=8486b6c4e4d245be9260b15db1e7131f, 2.5.4.20=5d8a34502d75b5f4c672af7c80aeae32acdd7446a700a0ce4d579af51336550b, [email protected], cn=SONAL GARG Date: 2023.11.28 12:48:59 +05'30'
Sonal Garg Company Secretary & Compliance Officer
-------------- The only alternative to new tyres -------------
THE ONLY ALTERNATE TO NEW TYRES…SINCE 1978
Strong Q2 & H1 FY24 Financial Performance
Investor Release
22[nd] November 2023, Delhi ; Indag Rubber Limited, one of India’s leading premium retreading materials manufacturer and retreading solutions provider, has declared its Audited Financial Results for the quarter & half year ended 30[th] September 2022
Q2 & H1 FY24 Financial Highlights
| Particulars (Rs. Crs.) |
Q2 FY24 | Q2 FY23 | YoY | H1 FY24 | H1 FY23 | YoY |
|---|---|---|---|---|---|---|
| Total Revenue* | 66.7 | 65.3 | 2% | 132.7 | 122.9 | 8% |
| EBITDA* | 7.7 | 3.3 | 131% | 15.2 | 6.3 | 141% |
| EBITDA Margin (%)* | 11.5% | 5.1% | 11.4% | 5.1% | ||
| Profit After Tax | 5.0 | 1.7 | 192% | 9.7 | 3.2 | 205% |
| PAT Margin (%) | 7.5% | 2.6% | 7.3% | 2.6% |
- Includes Other Income ; On Standalone Basis
Dividend
The Board of Directors have approved Interim Dividend of Rs. 0.90/- per equity share of Rs. 2/- each
Commenting on the Result, Mr. Vijay Shrinivas, CEO , Indag Rubber Limited said,
“The Company has maintained its sales momentum over the past two quarters, continuing its strong performance in H1FY24. Total revenue grew by 8% to Rs. 133 crores on a YoY basis. On the profitability front, EBITDA surged by 1.4 times to Rs. 15.2 crores, while PAT experienced a nearly threefold increase, reaching Rs. 9.7 crores. This increase in profitability is attributed to a combination of volume growth and stable input costs, which stand in stark contrast to the abnormal input costs experienced in the first half of fiscal year 2023.
We hold a strong conviction that the growth path of India will offer us noteworthy opportunities, and we are proactively formulating strategies, while keeping a close watch on the global and domestic market dynamics in order to expedite our progress in the upcoming years.”
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THE ONLY ALTERNATE TO NEW TYRES…SINCE 1978
About Indag Rubber Limited
Indag Rubber Limited (IRL) was founded in 1978 by Khemka group. IRL revolutionized the Indian retreading industry with the introduction of its cold retreading technology and came to be known as the pioneer of retreading in India. In the last four and half decades, we have travelled far, growing into a vast family of retread partners serving fleet owners in every nook and corner of the country. We went public and got listed on the Bombay Stock exchange in 1984. IRL has state-of-the-art manufacturing unit established at Nalagarh Industrial Estate in Himachal Pradesh with an Annual Capacity to manufacture 20,000 tons of Precured Tread Rubber (PTR) along with allied items. IRL offers best-in class retreading solutions to fleet owners. Our dedicated focus is on assisting large/mega fleet owners & Small fleet owners in reducing expenses on new tire purchases, while also providing lower tyre CPKM (Cost-per-Km) and contributing to the reduction of carbon footprints, thereby promoting sustainability and circular economy.
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
For further information, please contact
Investor Relations Advisors :
Company : Investor Relations Advisors : CIN: L74899DL1978PLC009038 CIN: U74140MH2010PTC204285 Mr. Anil Bhardwaj, G.M.(Accounts) & CFO Mr. Deven Dhruva/ Mr. Varun Shivram [email protected] [email protected] / [email protected] +91 98333 73300 / +91 91378 91895
www.indagrubber.in
www.sgapl.net
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