Anmol India Ltd. (BSE: 542437, NSE: ANMOL), one of the leading players in Supply chain management industry, Commodity Trading, and Coal Import, in its board meeting held on May 17th, 2023 has approved the audited Financial Results of the Company for the Fourth Quarter and Financial Year Ended on 31 March 2023.
Anmol India Ltd Revenue from Operations grew by 18.70% from Rs.311.80 Cr in Q4 FY22 to Rs. 370.13 Cr in Q4 FY23 primarily driven by the addition of new products such as coking coal, met coke, chemicals and iron & steel in the portfolio and increase in volume. EBITDA increased by 31.83% from Rs. 7.32 Cr in Q4 FY22 to Rs. 9.65 Cr in Q4 FY23. EBITDA margins increased from 2.34% in Q4 FY22 to 2.59% in Q4 FY23 by 25 bps. PAT increased by 40.18 % from Rs. 3.16 Cr in Q4 FY22 to Rs. 4.43 Cr in Q4 FY23. PAT margins increased from 1.01% in Q4 FY22 to 1.19% in Q4 FY23 by 18 bps.
Anmol India Ltd Standalone financial performance in Q4 – Revenue from operations recorded a healthy growth of 33.12% from Rs.1059.39 Cr in FY22 to Rs.1410.24 Cr in FY23. The EBITDA increased by 32.74% from Rs.27.52 Cr in FY22 to Rs.36.53 Cr in FY23. EBITDA margin remains around the same level in FY23 & in FY23. PAT stood at Rs. 18.66 Cr in FY23 as compared to Rs.15.55 Cr in FY22 witnessing a growth of 20% . EPS has increased by 19.90% from Rs. 13.67 in FY22 compared to Rs. 16.39 in FY23.
The company has added new products to its portfolio such as Coking Coal, Met Coke, Chemicals, Iron & Steels etc. Further to strengthen the growth of the company in these
commodities, the company has already formed a strategic & expansion committee, intimation for which has already been given.
The company is aiming for strategic diversification, including portfolio and demographic diversification, to augment sales and yield the strategic benefits of geographical diversification, flexibility, adaptability, and enhanced negotiating power. The company is focusing on technology driven solutions to expand effectively.
Commenting on the Q4 & FY23 Performance, Management added, –“We are pleased to announce our strong quarter and yearly earnings, which demonstrate the effectiveness
of our operational approach. We firmly believe that the initial step that we have taken for diversifying our operations into new markets is a vital factor in achieving long-term success for our company, and as the new financial year takes shape, the diversification strategy will take a front seat. We are committed to gradually expanding our revenue streams and exploring new growth opportunities. By taking calculated steps towards diversification, we aim to mitigate risks and stabilize our financial performance as we pursue our long-term goals.
We are dedicated to pursuing new growth opportunities that align with our core values
and strategic objectives. By maintaining a strong focus on diversification, we are confident in our ability to navigate changing market dynamics, seize emerging opportunities, and deliver sustainable long-term value to our stakeholders.
Our diversification strategy will open up exciting opportunities for revenue generation and growth. We will be able to explore new markets and identify untapped revenue streams, capitalizing on our existing strengths and partnerships. This synergistic approach ensures that we leverage our resources effectively and make the most of our established customer base.
We extend our gratitude to our dedicated team, whose efforts and expertise have been instrumental in achieving these positive financial results. Together, we will continue to drive our strategic diversification initiatives forward, creating a solid foundation for continued success in the future. The company is committed to reducing its environmental impact and promoting sustainability in its operations.”