Axles India Limited Key Financial Highlights for FY23
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.