Fiberweb India Q4 FY24 Total Income Up 328 Percent
Mumbai (Maharashtra) [India], May 23: Fiberweb (India) Ltd. a 100% EOU & manufacturers of non-woven fabrics announced its audited Q4 FY24 & FY24 result.
Q4 FY24 Key Financials at a Glance:
(₹ Crores)
| Particular | Q4FY24 | Q4FY23 | YoY Change |
| Total Income | 20.95 | 4.90 | 327.55% |
| EBITDA | 5.33 | -5.40 | Loss To Profit |
| EBITDA (%) | 25.44% | -110.98% | Loss To Profit |
| Net Profit | 3.52 | -5.15 | Loss To Profit |
| Net Profit Margin (%) | 16.80% | -105.75% | Loss To Profit |
| EPS | 1.22 | -2.51 | Loss To Profit |
FY24 Key Financials at a Glance:
(₹ Crores)
| Particular | FY24 | FY23 | YoY Change |
| Total Income | 86.90 | 67.38 | 28.97% |
| EBITDA | 12.37 | 3.37 | 206.82% |
| EBITDA (%) | 14.23% | 5.01% | 689 BPS |
| Net Profit | 7.28 | -0.30 | Loss To Profit |
| Net Profit Margin (%) | 8.38% | -0.44% | Loss To Profit |
| EPS | 2.52 | -0.10 | Loss To Profit |
Key Financial Highlights:
The Book Value of the company stands at ₹ 56 per share.
Commenting on the performance,Mr. Bhavesh P Sheth, Director of Fiberweb (India) Ltd. said, “We are pleased to announce our Q4 and FY24 results, which demonstrate our resilience and a significant turnaround in our financial performance. We have also achieved substantial improvements in profitability, reflected in our strong margin growth.
The improving market conditions are expected to sustain our growth moving forward. We are deeply grateful to all our stakeholders for their long-term support.”
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
Brijesh Pathak is a seasoned journalist and editor at Daily News, bringing over a decade of experience in the media industry. Known for his sharp editorial insights and commitment to ethical journalism, Brijesh has covered diverse beats, including politics, business, and social issues. His leadership at Daily News has been instrumental in delivering impactful stories that inform and inspire readers. Passionate about storytelling, he combines traditional journalism values with modern approaches to keep audiences engaged in today’s fast-paced news environment.