09 Jun, 2023

Axles India Limited Key Financial Highlights for FY23

09 Jun, 2023,

305 0

Axles India Limited has announced its annual financial results for the fiscal year 2022-2023. Following are the key highlights from the report. Axles India Limited achieved a remarkable milestone in terms of total revenue, reporting Rs. 745.93 crore in FY23. This represented a substantial growth rate of 30.73% compared to the previous fiscal year's revenue of Rs. 572.37 crore. The company's total expenses for FY23 were Rs. 675.20 crore, reflecting an increase of 28.19% compared to Rs. 527.19 crore in FY22. Axles India Limited demonstrated a robust performance in terms of profitability, as its profit before tax in FY23 amounted to Rs. 70 crore. This marked a significant increase of 55% compared to the previous fiscal year's figure of Rs. 45 crore. The company's profit after tax for FY23 reached Rs. 52 crore, signifying a growth rate of 66% from the previous fiscal year's profit of Rs. 33 crore. Axles India Limited's earnings per share (basic and diluted) in FY23 stood at Rs. 20.66, showcasing a substantial rise of 55.91% from the EPS of Rs. 13.28 in FY22. In FY23, Axles India Limited's total assets amounted to Rs. 416.45 crore, a notable increase of 12.23% compared to Rs. 371.09 crore in FY22. The company's total equity and liabilities in FY23 stood at Rs. 416.45 crore, indicating a growth rate of 12.23% from the previous fiscal year's figure of Rs. 371.09 crore Cash generated from operating activities in FY23 amounted to Rs. 17.78 crore, reflecting a significant increase of approximately 32.4% compared to the previous fiscal year. The company invested Rs. 12.21 crore in various activities during FY23, marking an increase of approximately 33.2% compared to FY22. Cash utilized in financial activities during FY23 amounted to Rs. 16.58 crore, indicating a decrease of approximately 16.5% compared to FY22. At the end of FY23, the company held Rs. 5.71 crore in cash and cash equivalents, representing a substantial decrease of approximately 65.9% compared to FY22.

Recent Blogs

When Valuation Meets Reality: The Equity–Preference Puzzle at Hella In...

On 30 June 2025, Hella Infra Market Limited (HIML) got itself a fresh valuation report for its Compulsorily Convertible Cumulative Preference Shares (CCPS).The report does two things: It tells yo...

06 Dec, 2025,

5 0

IFC Pumps ~$50 Million Investment to Power India's Into GFCL EV

If you’ve been tracking India’s clean-energy journey, here’s a milestone you shouldn’t miss — the International Finance Corporation (IFC), part of the World Bank Group, h...

05 Dec, 2025,

176 4

Furlenco’s Second Innings: Profitability, Fresh Funding, and an IPO on...

Furlenco’s Second Innings: Profitability, Fresh Funding, and an IPO on the Horizon For more than a decade, Furlenco has played in a tricky corner of the consumer economy—renting furniture...

04 Dec, 2025,

105 3