FY23 results: Shish Industries consolidated income up by 37.91% to Rs 70.32 crore

• Reports Profit After Tax of Rs 6.78 crore, up 155.84% Y-o-Y for the year ended March 31, 2023
• During the fourth quarter of FY 2022-23, the company reports consolidated income of Rs 18.72 crore and PAT of Rs 2.33 crore

NE BUSINESS BUREAU

SURAT, MAY 3

Shish Industries Ltd, manufacturers of quality products like industrial and export packaging, building insulations and ventilations products, geo-membrane, on Wednesday reported that its consolidated income up by 37.91% to Rs 70.32 crore for the year ended March 31, 2023

During the fourth quarter of FY 2022-23, the company reported consolidated income of Rs 18.72 crore and PAT of Rs 2.33 crore. For the twelve months period ended March 31, 2023, the company posted income of Rs 70.32 crore, EBITA of Rs 9.22 Crore, PAT of Rs 6.78 crore and diluted EPS of Rs 6.42. The company is driving its business operations in sync with its financial and growth aspirations, including investing in profitable and scalable businesses, says a release.

Commenting on the results, Satishkumar Maniya, Chairman and Managing Director, Shish Industries Limited said, “We are building our business strategically with a more granular approach. We are evolving as a company with all our learnings and experience in place. It has given the required impetus to catapult us into a certain planned expansion mode. Our FY 2022-23 results reflect the same. We are now looking towards a more sustainable growth with business plans laid down from a long term perspective.”

The wholly owned subsidiary – Shish Polylam Private Limited has shown immense development in its very first year of incorporation by carrying out commercial business activities of lamination products.

 Consolidated Key Performance Highlights 

(Rs. In Crore)