Ellenbarrie Industrial Gases (ELLEN) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations rose to ₹2,694.75 million from ₹2,051.07 million; profit after tax increased to ₹452.89 million from ₹281.42 million.

• Auditors issued an unmodified opinion, with an emphasis of matter on retrospective restatements and reclassifications of FY23 and opening FY23 figures.

Financial highlights

• Total income was ₹2,902.03 million versus ₹2,237.10 million in FY23; total expenses were ₹2,259.85 million versus ₹1,864.46 million.

• Profit before tax was ₹642.18 million versus ₹372.64 million; total tax expense was ₹189.29 million versus ₹91.22 million.

• Net profit was ₹452.89 million versus ₹281.42 million; total comprehensive income was ₹468.32 million versus ₹247.32 million.

• Basic and diluted EPS were ₹3.46 versus ₹2.15, restated for the subsequent share split and bonus issue.

Segment performance

• Gases, related products and services revenue was ₹2,261.77 million; project engineering revenue was ₹432.98 million.

• Segment results were ₹990.16 million for gases and related products and services, and a loss of ₹331.28 million for project engineering.

• One customer contributed 10% or more of FY24 revenue; no customer did so in FY23.