Mumbai (Maharashtra) [India], February 28: Atam Valves Limited (ATAM) (BSE – 543236 NSE – ATAM), a renowned manufacturer of industrial and plumbing valves and fittings, has announced its Unaudited Financial Results for the Q3 & 9M FY24.
Key Financial Highlights
| Q3 FY24: • Total Income of ₹ 12.19 Cr • EBITDA of ₹ 1.92 Cr • EBITDA Margin of 15.73 % • PBT of ₹ 1.45 Cr • PAT of ₹ 0.99 Cr • PAT Margin of 8.10 % • EPS of ₹ 0.89 9M FY24: |
Commenting on the performance, Mr. Amit Jain – Managing Director of Atam Valves Limited said,“We see strong demand outlook for industrial valves. With our extensive product offerings, we are adding new industries to our client base at the same time increasing our footprint in international market. We are confident to sustain our profit margin with upward bias.”.
Highlights for Q3 FY24 (October 2023 – December 2023)
| Allotment of Equity Shares pursuant to exercise of warrants allotted on preferential basis. | • ATAM Valves Limited has allotted a total of 24,00,000 equity shares with a face value of ₹ 10 each. • 12,00,000 equity shares were issued through warrant conversion, at a premium of ₹ 42 each. • 12,00,000 fully-paid Bonus Equity Shares were issued at a face value of ₹ 10 each, following a 1:1 ratio for existing fully paid-up Equity Shares. |
| Secured its inaugural marine overseas order. | The company has successfully secured its inaugural marine overseas order. This milestone marks a significant step in our expansion into international markets and underscores our commitment to growth and diversification. |
| Received an order for Miscellaneous products of the Company worth US$ 52,864. | ATAM Valves has received a $52,864 order from VALMOS TRADING L.L.C, an international entity, for miscellaneous products, specifically valves. The contract stipulates that the supply of valves is to commence by the end of January 2024. |
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