Saturday, December 2, 2023

Anmol India Ltd. Reports Impressive Earnings for Q2FY24, PAT Grows 70% YoY

Anmol India Ltd., one of the leading players in Supply chain management industry, Commodity Trading, and Coal Import, has announced the unaudited Financial Results of the Company for the Quarter and Half Year ended on 30September 2023.

For the quarter ended 30 September 2023, Revenue from Operations grew by 63.95% from Rs. 130.64Cr in Q2FY23to Rs. 214.19 Cr in Q2FY24primarily driven by increase in volume, impact of trade of the new commodities, upgradation of technology by implementation of new version of “ANMOL” app and execution of strategies of strategic committee formed earlier. EBITDA increased by 98.79% from Rs. 4.97 Cr in Q2FY23 to Rs. 9.88 Cr in Q2FY24. EBITDA margins increased from 3.76% in Q2FY23 to 4.56% in Q2FY24 by 80 bps. PAT increased by 70.05 % from Rs. 1.97 Cr in Q2FY23 to Rs. 3.35 Cr in Q2FY24.PAT margins increased from 1.49% in Q2FY23 to 1.55% in Q2FY24 by 6 bps.

Commenting on the Q2FY24 Performance, Management added, “Our Q2FY24 results stand as a testament to our dedication and strategic approach. Looking ahead, Anmol India Ltd is embarking on a strategic journey to further enhance our business operations through technology-driven solutions. Our Anmol Coal Mobile app, which has recently undergone significant updates, has received positive feedback from our users. The introduction of features such as price discovery, bidding, and deep links has significantly improved client engagement.

We are resolute in our vision to build upon this success and further integrate technology into our supply chain management system. Our goal is to create a seamless and more efficient system that harnesses technology to its fullest potential, ultimately delivering a superior experience to our customers. This approach aligns perfectly with our commitment to remain at the forefront of innovation in the commodity trade industry, ensuring that we continue to meet and exceed the evolving needs of our valued clientele.”

Anmol India is led by Shri Vijay Goyal who has 37 years of experience in the Coal Industry and Mr. Chakshu Goyal, an ISB Alumnus, who has recently joined the board of directors and since then launched various digital initiatives to steer the growth of the company. Anmol has earned a reputable position in the Supply chain management industry, Commodity Trading, and Coal Import with a remarkable growth trajectory since its inception. The company has garnered trust and loyalty from clients across 100 diverse locations in India.

The company has undergone a significant transformation, embracing an enhanced end-to-end supply chain management approach for commodity trade. This comprehensive strategyen compasses a wide range of services, bolstered by advanced research capabilities and an optimized global sourcing strategy. It has fortified its operations by streamlining critical aspects, including the coordination of sea freights, meticulous cargo handling, robust insurance arrangements, meticulous fund management, efficient inland logistics, and seamless last-mile delivery.

These improvements have been implemented as part of its ambitious expansion plan, ensuring a more robust and efficient system than ever before. 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. Anmol India Ltd is listed on BSE & NSE. It is committed
to delivering long-term value to its shareholders. The company believes in transparent and ethical business practices and is dedicated to upholding the highest standards of corporate governance.

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox