Consumer Electronics company Eureka Forbes announced Q4FY23 & FY23 results: Standalone Q4FY23: Revenue from operations stood at Rs 508.1 crore (-8.0% YoY) EBITDA stood at Rs 47.4 crore (+35.6% YoY). EBITDA margin improved by 300 bps to 9.3% PBT before exceptional items stood at Rs 35.0 crore (+120.9% YoY). Reported PBT was Rs 25.8 crore, up 63.3% YoY Profit After Tax stood at Rs 16.3 crore (+98.0% YoY) During the quarter, Eureka Forbes launched a new campaign ‘Nal se kapda hatega toh Sar se kapda hatega’ targeted at non-users of the category. Standalone FY23: Revenue from operations stood at Rs 2,080.4 crore, (+2.2% YoY) EBITDA stood at Rs 131.7 crore (+20.0% YoY). EBITDA margin improved by 94 bps to 6.3% PBT before exceptional items stood at Rs 67.0 crore (+19.5% YoY). Reported PBT stood at Rs 26.9 crore (-41.0%) Profit After Tax stood at Rs 17.1 crore (-35.0%) Commenting on the Q4FY23 performance, Pratik Pota, MD, and CEO, Eureka Forbes said, “Faced with an ongoing soft demand environment, we continued to move ahead on our strategic priorities in Q4FY23 and on improving the financial health of the business. We launched a new advertising campaign in Q4 targeted at non-users of the category, and we also introduced several key innovations in the market. Execution of specific transformation initiatives helped improve our EBITDA margin to 9.3%, up by 300 bps YoY and by 61 bps sequentially. This combined with a 72% YoY reduction in our net debt will allow us the headroom to invest for growth. Looking ahead to the future, we are confident of driving sustained performance on the back of differentiated innovations, an elevated customer experience & a more efficient business model.” Result PDF