Philips India Limited FY24 Results & Future Plans: Alia Bhatt, Virat Kohli, and AI Tech!
Philips India Limited Fy24 Results are out!
1. Revenue: It has increased by 7%, reaching ₹6,000 crore. However, profit has decreased by 1%, and the same goes for the EPS, which also fell by 1%.
2. Financial Position: The assets have grown by 22%, now standing at ₹3,916 crore, and the equity base has also expanded by 21%.
3. Future Plans: Philips India has launched AI-powered MRI systems, showcasing next-level technology. In addition, brand collaborations are continuing with Alia Bhatt, Virat Kohli, and popular influencers to promote new grooming products and care solutions.
4. Valuation: Its PE ratio is 22, while the industry PE is 57. Its peer company, Poly Medicure Limited, has a PE of 96.
Now, valuation-wise, this may seem quite attractive to you. But the truth is that it's available at such a low price because the company is not performing well financially. That’s why people are not valuing it highly. So, we recommend selling Philips India Limited Pre IPO. Contact us at 7065560002 for more info!
About Philips India Limited:
Philips India Limited unlisted shares operates as a subsidiary of Royal Philips, a leading health technology company dealing in products and services related to health systems, personal care and innovation services, aiming at improving people's health and well being through innovations.
The company offers products in various categories, including advanced molecular nuclear imaging, clinical informatics, computed tomography, supplies and accessories, home respiratory care, hospital respiratory care, interventional devices, mammography, mother and child care, MRI systems and solutions etc.
The company continues to do strong business with most of its strategic key accounts focusing on multi-modality deals and in government tenders.
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