Industrial Machinery company Kabra Extrusion Technik announced Q2FY24 & H1FY24 results: Q2FY24: Revenue of Rs 1,824 million in Q2FY24 compared to Rs 1,800 million in Q2FY23 EBITA of Rs Rs 115 million in Q2FY24 compared to Rs 180 million in Q2FY23 PAT of Rs 56 million in Q2FY24 compared to Rs 95 million in Q2FY23 H1FY24: Operating Revenues at Rs 3,160 million in H1FY24 as compared to Rs 2,852 million in H1FY23 – registering growth of 10.8% YoY Extrusion Machinery revenues stood at Rs 1,516 million in H1FY24 as compared to Rs 1,281 million in H1FY23 - registering a growth of 18.3% YoY Battrixx revenues grew by 5.7% YoY to Rs 1,680 million in H1FY24 EBITDA stood at Rs 240 million in H1FY24 Profit After Tax stood at Rs 114 million in H1FY24 EPS for H1FY24 stood at Rs 3.26 as compared to Rs 3.90 in H1FY23 Commenting on the performance, Anand Kabra, Managing Director of Kabra Extrusion Technik said, “Kabra Extrusion Technik’s operating revenues surged by 10.8% YoY to Rs 3,160 million in H1FY24 aided by overall growth from both Extrusion Machinery and Battrixx business. The E-2-Wheelers sales remained muted owing to the decline of FAME subsidy and regulatory changes which temporarily hindered the E-2-Wheelers adoption and sales momentum. However, the long-term outlook of the EV industry remains positive.” He also added, “The E-2-Wheeler industry is at an inflection point with improving consumer sentiments during the ongoing festive season backed by new launches by the OEMs. The Company is actively engaging with E-3-Wheelers and E-LCVs OEMs for accomplishing their desired high-voltage battery pack expectations and anticipates to foray into those segments by the end of FY24.” Result PDF