Industrial Machinery company Kabra Extrusion Technik announced Q1FY24 results: Operating Revenues at Rs 1,336 million in Q1FY24 as compared to Rs 1,052 million in Q1FY23 – registering growth of 27.1% YoY Extrusion Machinery revenues stood at Rs 683 million in Q1FY24 as compared to Rs 578 million in Q1FY23 - registering a growth of 18.3% YoY Battrixx revenues grew by 39.1% YoY to Rs 667 million in Q1FY24 EBITDA stood at Rs 124 million in Q1FY24 registering 17.0% YoY growth Profit After Tax surged by 39.1% YoY to Rs 58 million in Q1FY24 EPS for Q1FY24 stood at Rs 1.65 as compared to Rs 1.19 in Q1FY23 Commenting on the performance, Anand Kabra, Managing Director of Kabra Extrusiontechnik said, “Kabra Extrusiontechnik’s operating revenues surged by 27.1% YoY to in Rs 1,336 million in Q1FY24. Battrixx revenues grew by 39.1% YoY, despite the decline in E-2-Wheeler subsidy (FAME). The Extrusion business sales grew by 18.3% YoY at Rs 683 million in Q1FY24.” He also added, “E-2-Wheeler industry is likely to bounce back through the current phase with improvement in consumer sentiments due to the onset of festive season and new launches. Battrixx ongoing capex is progressing as planned, eyeing 2 GW battery-packs manufacturing capacity by the end of FY24. Additionally, the Company aims to penetrate in E-3-Wheelers and E-LCVs battery packs by the end of FY24.” Result PDF