Zetwerk Manufacturing Businesses Limited (ZETWERK) Q4 23/24 earnings summary

Executive summary

• FY24 revenue rose to INR 1,163,842 lakhs from INR 960,405 lakhs; net loss widened to INR 67,428 lakhs from INR 4,912 lakhs, including a net exceptional charge of INR 32,277 lakhs.

• Operating cash flow was negative INR 38,668 lakhs; cash and cash equivalents closed at INR 61,333 lakhs, down from INR 74,498 lakhs.

Financial highlights

• Total income increased to INR 1,183,453 lakhs from INR 978,321 lakhs; total expenses rose to INR 1,213,852 lakhs from INR 985,129 lakhs.

• Loss before tax and exceptional items was INR 30,399 lakhs vs INR 6,808 lakhs; loss for the year was INR 67,428 lakhs vs INR 4,912 lakhs.

• Finance costs increased to INR 37,771 lakhs from INR 24,335 lakhs; depreciation and amortisation rose to INR 11,252 lakhs from INR 2,350 lakhs.

Outlook and guidance

• Remaining performance obligations totalled INR 592,026 lakhs at 31 March 2024, up from INR 481,557 lakhs; management expects 40%–50% to be recognised as revenue in the next reporting period, subject to contract progress.