Forest materials company Stylam Industries announced Q4FY23 results: Stylam maintained its strong performance in the fourth quarter with sales of Rs 237 crore, implying 31.7% YoY growth. Sales growth during the quarter was backed primarily by exports, which were Rs 151 crore (36.03 % YoY growth). Further, domestic sales also witnessed a significant uptick, clocking sales of Rs 86 crore (24.6 % YoY). The company sold 2.73 million laminate sheets during the fourth quarter of Q4FY23 (vs 2.3 million in Q4FY22; an 18.69 % YoY growth). Per sheet average realizations vary based on the product mix during the period. Contribution margin has improved from the previous quarter and now stands at 45.1% for Q4FY23 (vs. 44.1% in Q3FY23). Further, EBITDA for the quarter stood at Rs 40 crore. In terms of margins, it stood at 17.11% (vs. 16.82% in Q3FY23 and 11.02% in Q4FY22). Stylam has improved its working capital the cycle stands at 93 days for the fourth quarter (vs. 96 days for Q3FY23). Net debt stood at Rs 21 crore as on 31st March 2023. Net worth stands at Rs 412 crore. Result PDF