Belrise Industries (BELRISE) Q4 23/24 earnings summary

Executive summary

• Audited standalone and consolidated financial results for the quarter and year ended 31 March 2024 were approved, with an unmodified audit opinion issued by statutory auditors.

• The company continues to operate on a going concern basis, with no significant impact expected on asset carrying values.

Financial highlights

• Consolidated revenue for FY24 was ₹7,55,553.22 lakhs, up from ₹6,61,615.52 lakhs year-over-year.

• Consolidated net profit for FY24 was ₹31,381.02 lakhs, compared to ₹30,971.15 lakhs in FY23.

• Standalone revenue for FY24 was ₹6,10,673.35 lakhs, up from ₹5,43,326.78 lakhs year-over-year.

• Standalone net profit for FY24 was ₹29,536.27 lakhs, compared to ₹27,140.03 lakhs in FY23.

• Total consolidated assets as of 31 March 2024 stood at ₹6,04,168.65 lakhs, up from ₹5,67,789.32 lakhs a year earlier.

Outlook and guidance

• Management expects no significant impact on asset values and continues to monitor economic conditions.