Hot Pursuit     31-May-23
Tega Inds jumps after Q4 PAT climbs 58% YoY to Rs 77 cr
Tega Industries rallied 8.41% to Rs 885 after the company's net profit jumped 58.04% to Rs 77.25 crore in Q4 FY23 as compared with Rs 48.88 crore in Q4 FY22.
Revenue from operations increased 36.67% year on year to Rs 396.40 in Q4 FY23.

Profit before tax jumped 46.09% to Rs 95.57 crore in Q4 FY23 from Rs 65.42 crore in Q4 FY22.

Operating EBITDA stood at Rs 102.8 crore in Q4 FY23, up 49.21% as compared with Rs 689 crore posted in corresponding quarter last year. EBITDA margin stood at 25.9% in Q4 FY23 as against 23.8% in Q4 FY22.

Revenue from consumables stood at Rs 360.02 crore up 24.12% as compared with Rs 290.05 crore in Q4 FY22.

On full year basis, the company's net profit jumped 57.44% to Rs 184.03 crore on 27.55% rise in revenue from operations to Rs 1,213.97 crore in FY23 over FY22.

Meanwhile, the board has recommended final dividend of Rs 2 per equity share for financial year 2022-23. The record date for the same has been fixed as on 19, August 2023.

Tega Industries is engaged in the activity of designing, manufacturing and installation of process equipment and accessories to cater the mineral processing, mining, material handling and environment industries.

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