Bhatkawa Tea Industries Limited has announced its financial results for the quarter and year ending March 31, 2024. The company saw a 10.4% increase in annual revenue from operations, growing from Rs. 37 cr. in FY23 to Rs. 41 cr. in FY24. Additionally, the total income rose by 14.7%, from Rs. 39 cr. in FY23 to Rs. 44 cr. in FY24.&nbsp;However, in the fourth quarter, the company experienced an 11.4% decrease in total income, which fell from Rs. 4.7 cr. in Q4 FY23 to Rs. 4.1 cr. in Q4 FY24. Total expenses for the quarter increased by 16.8%, rising from Rs. 8.6 cr. in Q4 FY23 to Rs. 10 cr. in Q4 FY24, with employee benefit expenses being the major contributor, surging by 25.7%. Due to higher expenses and reduced income, the net loss widened by 46.0%, increasing from Rs. 4.3 cr. in Q4 FY23 to Rs. 6.3 cr. in Q4 FY24.&nbsp;Overall, the year-on-year results were strong, with net profit significantly rising from Rs. 2 cr. in FY23 to Rs. 6 cr. in FY24. Consequently, the net profit margin improved from 6.1% to 15.7%.

The company saw a 10.4% increase in annual revenue from operations.

Bhatkawa Tea Industries Limited has announced their financial results for FY24. Learn about the company's annual revenue, net profit, total expenses and more!

Bhatkawa Tea Industries Limited Result Update FY24