SFC Environmental Technologies (SFCTECH) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue rose to INR 6,583.92 million from INR 5,196.86 million; profit after tax reached INR 1,441.73 million versus INR 948.09 million.

• Expanded offerings into agro-based biogas/compressed biogas and acquired control of Hindustan Waste Treatment in October 2023.

Financial highlights

• Consolidated revenue from operations INR 6,583.92 million vs INR 5,196.86 million; profit before tax INR 1,934.47 million vs INR 1,272.51 million.

• Consolidated profit after tax INR 1,441.73 million vs INR 948.09 million; owners' attributable profit INR 1,416.07 million vs INR 938.81 million.

• Consolidated basic and diluted EPS INR 227.39 vs INR 150.75; standalone EPS INR 216.27 vs INR 145.65, both based on INR 10 face value shares.

• Standalone revenue from operations INR 5,219.22 million vs INR 4,117.72 million; profit after tax INR 1,346.77 million vs INR 906.99 million.

Outlook and guidance

• Proposed IPO to raise up to INR 2,500 million through a fresh issue, with possible offer for sale and pre-IPO placement; timing, pricing and proceeds use to be finalized subject to approvals.

• Portfolio expansion included agro-based biogas/compressed biogas projects; the offering described spans wastewater, solid waste and biomass-to-biogas solutions.