Gujarat Ambuja Exports (GAEL) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue was ₹4,926.70 crore and net profit ₹345.87 crore; revenue was slightly higher and profit increased versus FY23. Q4 revenue declined YoY while net profit rose.

• Statutory auditors issued unmodified opinions on the audited standalone and consolidated results.

Financial highlights

• FY24 consolidated revenue from operations was ₹4,926.70 crore versus ₹4,908.99 crore; total income was ₹5,071.42 crore versus ₹4,983.00 crore.

• FY24 consolidated PBT was ₹447.57 crore versus ₹441.13 crore; net profit was ₹345.87 crore versus ₹330.10 crore.

• Q4 consolidated revenue was ₹1,346.44 crore versus ₹1,428.50 crore; net profit was ₹91.39 crore versus ₹69.48 crore.

• Q4 consolidated PBT was ₹115.09 crore versus ₹93.04 crore; total expenses were ₹1,268.69 crore versus ₹1,349.40 crore.

Segment performance

• FY24 Maize Processing revenue was ₹3,434.20 crore and segment result ₹413.66 crore, versus ₹3,203.00 crore and ₹437.67 crore in FY23.

• FY24 Other Agro Processing revenue was ₹1,421.59 crore; segment result was a loss of ₹6.64 crore versus profit of ₹39.18 crore in FY23.

• FY24 Spinning revenue was ₹62.40 crore and segment loss ₹10.06 crore, compared with revenue of ₹33.42 crore and loss of ₹18.35 crore in FY23.

• FY24 Renewable Power revenue was ₹8.51 crore and segment result ₹4.82 crore, versus ₹8.57 crore and ₹5.25 crore in FY23.