Synthiko’s Q3 FY24 Report: Profit Reaches ₹0.03Cr, Revenue Grows by 32.66% YoY

Synthiko Foils, a leading company in the foil industry, announced their Q3 FY24 results on 13th February 2024. According to the financial report, the company’s topline witnessed a substantial growth of 32.66%, and it reported a profit of ₹0.03cr. This is a remarkable turnaround as the company had previously declared a loss of ₹0.12cr during the same period in the previous fiscal year. The company also saw a growth in revenue by 8.23% compared to the previous quarter.

The Selling, general & administrative expenses of Synthiko Foils rose by 12.51% q-o-q but decreased by 4.75% Y-o-Y. The operating income for the company was down by 31.32% q-o-q but experienced a significant increase by 220.56% Y-o-Y. The company’s Earnings Per Share (EPS) for Q3 FY24 stood at ₹0.17, indicating a notable increase of 124.75% Y-o-Y.

Additionally, the company provided information about its stock performance, stating that it has delivered a -4.46% return in the last week, -38.16% return in the last 6 months, and -28.94% YTD return. Synthiko Foils currently boasts a market capitalization of ₹13.53 Cr and has a 52-week high/low of ₹218 and ₹60.83 respectively.

The Q3 FY24 financials of Synthiko Foils were compared with the previous quarters, highlighting the continual growth and improvement in various aspects of the company’s performance. The company’s Total Revenue, Selling/ General/ Admin Expenses Total, Depreciation/ Amortization, Total Operating Expense, and Net Income all reflected positive growth when compared with the previous year’s figures.

These extraordinary results signify a significant upturn for Synthiko Foils, further solidifying its position in the industry. The company’s relentless efforts and strategic measures have evidently paid off, leading to a commendable financial performance in the third quarter of the fiscal year 2024.