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Thursday, July 18, 2024

Prevest DenPro Limited Announces Steady Financial Results for FY 2023-24 and Impressive Growth in Q3 and Q4

Jammu, India – May 30, 2024 – Prevest DenPro Limited, a leading manufacturer of innovative dental materials, today announced its financial results for the fiscal year 2023-24, showcasing a year of growth and resilience. The company also reported impressive performance in the third and fourth quarters of the fiscal year.

Annual Financial Highlights (FY 2023-24 vs. FY 2022-23):

Revenue increased by 14.27%, from ₹5188.76 lakhs to ₹5929.05 lakhs.

EBITDA rose by 4.98%, from ₹2163.19 lakhs to ₹2270.85 lakhs.

Profit After Tax (PAT) increased by 2.72%, from ₹1571.01 lakhs to ₹1613.69 lakhs.

PAT Margin decreased from 30.28% to 27.22%, a decline of 10.11%.

EBITDA Margin decreased from 41.69% to 38.30%, a decline of 8.13%.

Despite the slight reduction in PAT and EBITDA margins, these results underscore Prevest DenPro Limited’s performance and its ability to maintain profitability amidst market challenges.

Quarterly Financial Highlights (Q4 FY 2023-24 vs. Q3 FY 2023-24):

Revenue increased by 19.37%, from ₹1430.39 lakhs in Q3 to ₹1707.5 lakhs in Q4.

EBITDA rose by 32.61%, from ₹515.51 lakhs in Q3 to ₹683.6 lakhs in Q4.

PAT increased by 31.27%, from ₹363.63 lakhs in Q3 to ₹477.32 lakhs in Q4.

PAT Margin improved from 25.42% to 27.95%, an increase of 9.96%.

EBITDA Margin improved from 36.04% to 40.04%, an increase of 11.09%.

The impressive quarterly results demonstrate the company’s strong operational efficiency and strategic growth initiatives, leading to enhanced profitability.

“Our financial performance for the year 2023-24 reflects our commitment to delivering value to our shareholders and customers,” said Mr. Atul Modi, Managing Director of Prevest DenPro Limited. “The significant revenue growth and improved EBITDA in the fourth quarter are particularly encouraging and highlight the effectiveness of our strategic initiatives and operational excellence.”

Prevest DenPro Limited continues to focus on innovation, quality, and expanding its market presence to drive sustainable growth and profitability. The company remains dedicated to enhancing shareholder value and maintaining its position as a leader in the dental materials industry.

About Prevest DenPro Limited:

Prevest DenPro Limited is a leading manufacturer of innovative dental materials. The company is committed to delivering high-quality products and services to dental professionals and patients worldwide. With a focus on research and development, Prevest DenPro Limited is at the forefront of driving advancements in the dental industry.

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