Fiberweb India H1 FY24 Total Income Rises By 18%

Business News City/ state

Mumbai (Maharashtra) [India], November 17: Fiberweb (India) Ltd. a 100% EOU & manufacturers of non-woven fabrics announced its unaudited Q2 FY24 result.

H1 FY24 Key Financials at a Glance: 

• Total Income for the H1 FY24 stood at ₹ 50.99 crore.

• EBITDA for the H1 FY24 stood at ₹ 4.95 crore.

• EBITDA Margin for the H1 FY24 stood at 9.71%

• PAT for the H1 FY24 stood at ₹ 2.20 crore.

• PAT Margin for the H1 FY24 stood at 4.32%

• EPS for the H1 FY24 stood at ₹ 0.77

Q2 FY24 Key Financials at a Glance:

• Total Income for the Q2 FY24 stood at ₹ 20.99 crore.

• EBITDA for the Q2 FY24 stood at ₹ 2.55 crore.

• EBITDA Margin for the Q2 FY24 stood at 12.13%

• PAT for the Q2 FY24 stood at ₹ 1.27 crore.

• PAT Margin for the Q2 FY24 stood at 6.05%

• EPS for the Q2 FY24 stood at ₹ 0.44

Speaking on the occasion Mr. Bhavesh P Sheth, Director of Fiberweb (India) Ltd said, “The first half of FY24 has displayed promising growth, with a notable uptick in the demand for our products. We’ve also observed a significant improvement in margins during the second quarter of FY24, primarily attributed to our enhanced operational efficiency.

We maintain an optimistic outlook for the remainder of FY24, as we anticipate a continued increase in demand for our products, which we believe will serve as a significant driver for overall growth.”

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