INDO-MIM (INDOMIM) Q4 23/24 earnings summary

Executive summary

• Revenue grew 4.39% year-over-year to ₹243,932.2 lakhs, but profit before tax declined 8.55% and net profit fell 14.05% due to higher employee and finance costs.

• The company completed a private placement, subdivided shares, and transitioned from private to public status in preparation for an IPO.

• Acquired Conway Marsh Garrett Technologies Limited, UK, expanding its global footprint.

Financial highlights

• Standalone revenue: ₹243,932.2 lakhs (FY24) vs ₹233,679.8 lakhs (FY23), up 4.39%.

• Standalone PAT: ₹35,736.6 lakhs (FY24) vs ₹41,577.6 lakhs (FY23), down 14.05%.

• Standalone EPS: ₹7.42 (FY24) vs ₹8.66 (FY23), down 14.43%.

• Consolidated revenue: ₹288,764.8 lakhs (FY24) vs ₹275,290.7 lakhs (FY23), up 4.88%.

• Consolidated PAT: ₹35,157.9 lakhs (FY24) vs ₹47,120.9 lakhs (FY23), down 25.4%.

Outlook and guidance

• Profitability is expected to improve in FY25, with turnover projected to increase more than proportionately to costs.

• Management anticipates a 15% increase in turnover for FY25.