MUMBAI, MARCH 26, 2024 (GPN): R K Swamy Limited announced its financial results for the nine months and quarter ended December 31, 2023.

Highlights:

Gross margins defined as Revenue from Operations less Operating expenses for the nine months ended December 31, 2023 was higher by 15% as compared to the corresponding period of the previous Fiscal year.

EBITDA for the nine months ended December 31, 2023 was higher by 16% as compared to the corresponding period of the previous Fiscal year.

PAT for the nine months ended December 31, 2023 was higher by 27% as compared to the corresponding period of the previous Fiscal year.

Consolidated Performance Highlights                                                    (Rs. in lakhs)

Particulars	9M FY 24	9M FY 23	Variance %	Q3 FY 24	Q3 FY 23
Revenue from Operations	21323	20992		7214	7634
Operating Expenses	6132	7742		1943	2699
Gross Margin	15191	13249	15%	5271	4935
Gross Margin %	71%	63%		73%	65%
Other Income	284	531		138	92
EBITDA	3403	2939	16%	1306	1167
EBITDA % to Total Income	16%	14%		18%	15%
PAT	1355	1065	27%	562	476
PAT %	6%	5%		8%	6%

Commenting on the results, Shekar Swamy, Group CEO, R K Swamy Limited said: “We are pleased to share the results with our new extended family of shareholders. Our recently concluded public offering of shares was subscribed 26 times. Our listed journey has begun and we are looking forward to the next phase of our growth journey.”

Rajeev Newar, Group CFO, R K Swamy Limited added: “Our industry performance is skewed towards the latter half of the year. The fourth quarter is usually the period when budgets are exhausted and tends to be the largest quarter. We are happy to report a 27% growth in PAT for the nine months ended December 31, 2023 as compared to the corresponding period of the previous Fiscal year.”Ends