Houseware company La Opala RG announced Q3FY24 & 9MFY24 results: Key Financial Highlights for Q3FY24: Revenue from operations stood at Rs 107 crore in Q3FY24, compared to Rs 89 crore in Q2FY24. EBITDA reached Rs 41 crore in Q3FY24, up from Rs 34 crore in Q2FY24. EBITDA margin was 38% in Q3FY24, slightly lower than 39% in Q2FY24. Profit after tax (PAT) amounted to Rs 44 crore in Q3FY24, compared to Rs 31 crore in Q2FY24. The extensive range of value-added products contributed to better realizations. Key Financial Highlights for 9MFY24: Revenue from operations was Rs 283 crore in 9MFY24, down from Rs 343 crore in 9MFY23. EBITDA stood at Rs 110 crore in 9MFY24, compared to Rs 132 crore in 9MFY23. EBITDA margin was 39% in 9MFY24, slightly higher than 38% in 9MFY23. PAT amounted to Rs 104 crore in 9MFY24, compared to Rs 94 crore in 9MFY23. Commenting on the performance during the third quarter, Ajit Jhunjhunwala, Vice Chairman and Managing Director, said, “Our performance for the quarter was tepid given the challenging external environment and subdued consumer spending. The revenue on a sequential basis was up while we managed to maintain our margins owing to our stringent focus on operational parameters including capacity utilisation and cost control measures. Despite the short-term headwinds, we believe that the India growth story is here to stay. We will be able to capitalise on emerging trends on the back of our years of experience, manufacturing capabilities, extensive partner network, and strong brand recall among customers. We are also working towards increasing our offerings to customers through product portfolio expansion largely towards value added products and category expansion.” Result PDF