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Krystal Integrated Services Limited delivers strong Financial Results for the Financial Year
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Krystal Integrated Services Limited (KISL), a market leader in facility management services across India, is pleased to announce its audited financial performance for the fourth quarter and financial year ended March 31, 2024.
Key Consolidated Financials:
Performance Highlights for the quarter ended March 31st, 2024:
Revenue for the quarter was Rs. 292.2 crore in Q4 FY24, a YoY increase of 52.0%
EBITDA (excluding other income) stood at Rs. 18.8 crore in Q4 FY24, YoY increase of 97.7%. EBITDA Margin was 6.4% in Q4 FY24, rising 149 bps
PAT was reported at Rs. 15.7 crore in Q4 FY24, vis-à-vis Rs. 9.2 crore in Q4 FY23, while PAT Margin stood at 5.4%
Performance Highlights for the Financial Year ended March 31st, 2024:
Revenue for the full year was Rs. 1,026.8 crore in FY24, a YoY increase of 45.1%
EBITDA was at Rs. 68.7 crore for FY24, YoY increase of 37.8%. EBITDA Margin was 6.7% for FY24
PAT for the year was Rs. 49.0 crore compared to Rs. 33.8 crore in FY23, while PAT Margin stood at 4.8%
The Board has recommended Dividend of Rs. 1.50/- per equity share, i.e. 15% of face value Rs. 10/- each, subject to shareholders’ approval
Management Comments:
Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said,
“I am pleased to share that the company has performed better than expectations, closing the fiscal year on a strong note. In FY24, our top line has grown 45.1% year-on-year to Rs. 1,026.8 crore, crossing the Rs. 1,000 crore mark for the first time. EBITDA and PAT increased 37.8% and 45.2% to Rs. 68.7 crore and Rs. 49.0 crore, respectively.
The growth mainly came from a robust increase in our order book as we continued to secure new contracts. We are strategically diversifying our business by expanding our corporate partnerships to reduce our reliance on government contracts. Concurrently, we are broadening our service offerings to include a more comprehensive portfolio.
Overall, we have entered the new fiscal year on an optimistic note and aim to sustain this momentum in the coming quarters. I would like to thank the entire team at Krystal and all our stakeholders for their continued support."
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