Industrial machinery company Kabra Extrusion Technik announced Q2FY23 results: Q2FY23: Operating Revenues at Rs 1,800 million in Q2 FY23 as compared to Rs 831 million in Q2 FY22 - registering growth of 116.7% YoY Extrusion Machinery revenues stood at Rs 704 million in Q2 FY23 as compared to Rs 754 million in Q2 FY22 - registering a degrowth of 6.7% YoY Battrixx revenues grew exponentially by 1,138.6% YoY to Rs 1,110 million in Q2 FY23 EBITDA stood at Rs 180 million in Q2 FY23 as compared to Rs 122 million in Q2FY22 - growing 47.7% YoY Profit After Tax was at Rs 95 million in Q2 FY23 vis-a-vis Rs 66 million in Q2 FY22 - registering a strong growth of 44.6% YoY EPS for Q2 FY23 stood at Rs 2.71 as compared to Rs 2.06 in Q2 FY22 H1FY23: Operating Revenues at Rs 2,852 million in H1 FY23 as compared to Rs 1,384 million in H1 FY22 - registering growth of 106.0% YoY Revenue from Extrusion business stood flat at Rs 1,281 million in H1 FY23 Battrixx revenues grew exponentially by 1,209.5% YoY to Rs 1,590 million in H1 FY23 EBITDA stood at Rs 286 million in H1 FY23 as compared to Rs 190 million in H1 FY22; up 50.3% YoY Profit After Tax was at Rs 136 million in H1 FY23 vis-a-vis Rs 93 million in H1 FY22 EPS for H1 FY23 stood at Rs 3.90 as compared to Rs 2.92 in H1 FY22 Commenting on the performance, Managing Director of Kabra ExtrusionTechnik, Mr. Anand Kabra said, “Kabra ExtrusionTechnik’s operating revenue grew by 116.7% YoY to % 1,800 Mn in Q2 FY23 supported by robust growth in Battrix division revenues. The Battrixx sales grew exponentially by 1,138.6% YoY to 2 1,110 Mn in Q2 FY23 supported by strong festive demand of E 2 Wheelers aided by increase in realizations for battery packs.” He also added, “Battrixx remains amongst few industry players which has capabilities to handle multiple chemistries and types of cells. The Company is the largest chemistry agnostic battery pack manufacturer and the R&D; team has expertise across Electrical & Electronics including smart Battery Management System (BMS), Internet of Things (IoT) and Data Analytics Solutions. Kabra ExtrusionTechnik eyes to penetrate into other Electric Vehicle (EV) segment category and create longterm value for the esteemed stakeholders.” Result PDF