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Lava posted its financials for FY24
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    Lava posted its financials for FY24

    23 October 2024

    ​Lava's financial performance for 2024 reflects solid growth in revenue and profitability, indicating effective cost management or strategic initiatives.

    • Revenue and Profit Growth: Lava experienced a 5.62% increase in total revenue and a substantial 21.34% growth in PAT (Profit After Tax), indicating improved profitability and potential operational efficiency.
    • Earnings Per Share (EPS) Improvement: The EPS rose by 12.31%, suggesting that the company is generating more profit per share, which can positively influence investor sentiment.
    • Decrease in Total Assets: There was a 4.67% decline in total assets, which could indicate asset sales, restructuring, or a reduction in capital expenditure. Despite this, equity showed a positive growth of 3.19%, reflecting a stronger financial position.

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