Ahmedabad, NFAPost: Anup Engineering Limited, a prominent player in the process industries, has reported robust financial results for the fiscal year ending March 31, 2023. The company’s consolidated total revenue witnessed a remarkable growth of 41%, amounting to Rs 412.58 crore. This significant increase demonstrates the company’s strong performance and market presence.
During FY23, Anup Engineering Limited achieved an 18% rise in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) which reached INR 82.70 crores, as compared to FY22. This improvement further highlights the company’s operational efficiency and financial strength.
In the fourth quarter of the fiscal year, the company generated a revenue of Rs 144.2 crore, accompanied by an EBIDTA of Rs 30.2 crore and a PAT (Profit After Tax) of Rs 19.5 crore. These positive financial indicators demonstrate the company’s ability to deliver consistent performance and profitability.
The company’s revenue from operations for FY23 amounted to INR 411.3 crore, marking an impressive growth of 42.7% compared to the corresponding period in FY22. Anup Engineering Limited’s success in expanding its revenue signifies its strong market position and the effective execution of its business strategies. The company also achieved an EBITDA margin of 20.1% for FY23, further demonstrating its ability to optimize its operations and maintain profitability.
Anup Engineering Limited caters to a wide range of industries, including Oil & Gas, Petrochemicals, LNG, Hydrogen, Fertilizers, Chemicals/Pharmaceuticals, Power, Water, Paper & Pulp, and Aerospace. The company offers an extensive product portfolio, which includes Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges, and Formed Components. This diverse range of offerings positions Anup Engineering Limited as a reliable and versatile solution provider for various process industries.
As of March 31, 2023, the company’s order book stood at an impressive Rs 530 crore. This robust order book signifies a strong demand for Anup Engineering Limited’s products and services, indicating a positive outlook for future revenue and growth.
In recognition of the company’s financial performance, Anup Engineering Limited recommended a dividend of 150%, equivalent to Rs. 15/- per Equity Share of Rs. 10/- each for the fiscal year ending on March 31, 2023. This dividend payout reflects the company’s commitment to maximizing shareholder value and rewarding its investors.
Furthermore, the company announced the appointment of Punit Lalbhai as the Vice Chairman of the board of directors, effective from May 17, 2023. As a Non-Executive Director, Punit Lalbhai’s elevation to this role underscores his valuable contributions and the trust placed in his leadership abilities.
Anup Engineering Limited’s impressive financial performance, strong order book, and strategic appointments position the company for continued growth and success in the process industries. With its diverse product range and commitment to excellence, the company is well-positioned to capitalize on future opportunities and deliver value to its stakeholders.
