{"id":39323,"date":"2024-05-30T16:17:50","date_gmt":"2024-05-30T10:47:50","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2024\/05\/30\/thaai-casting-fy24-pat-up-by-172-percent\/"},"modified":"2024-05-30T16:17:50","modified_gmt":"2024-05-30T10:47:50","slug":"thaai-casting-fy24-pat-up-by-172-percent","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2024\/05\/30\/thaai-casting-fy24-pat-up-by-172-percent\/","title":{"rendered":"Thaai Casting FY24 PAT up by 172 Percent"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], May 30:<\/strong> \u00a0Thaai Casting Limited,\u00a0(NSE \u2013 TCL), a\u00a0specializes in pressure die casting, precision machining of both ferrous and non-ferrous materials, and induction heating and quenching has announced its Audited Financial Results for the H2 FY24 and FY24.<\/p>\n

Key\u00a0Financial highlights (Standalone)<\/strong><\/p>\n

FY24 Financial Highlights<\/strong><\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Total Income of\u00a0\u20b9\u00a09068.80 Lakhs, YoY growth of 84.64%<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EBITDA of\u00a0\u20b9\u00a02648.7 Cr, YoY growth of 114.22%<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EBITDA Margin of 29.21%, YoY growth of 403 Bps<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0PAT of\u00a0\u20b9\u00a01369.89 Cr, YoY growth of 171.95%<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0PAT Margin of 15.10%, YoY growth of 485 Bps<\/p>\n

H2 FY24 Financial Highlights<\/strong><\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Total Income of\u00a0\u20b9\u00a04812.66 Lakhs,\u00a0<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EBITDA of\u00a0\u20b9\u00a01468.45 Lakhs,\u00a0<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0EBITDA Margin of 30.51%,\u00a0<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0PAT of\u00a0\u20b9\u00a0821.90 Lakhs,\u00a0<\/p>\n

\u2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0PAT Margin of 17.08%,<\/p>\n

Note \u2013<\/strong> The company got converted into Public Limited Company from Partnership Firm on 12th\u00a0June 2023. Figures for the period of partnership firm is taken from the prospectus filed with NSE Emerge at the time of Listing.<\/p>\n

Commenting on the performance, Mr. Anandan Sriramulu, Chairman and Managing Director of Thaai Casting Limited, \u201cWe are pleased to report a commendable growth trajectory for our company. This success is driven by the development of new products, the addition of new clients, and our goal of becoming a global brand offering one-stop high-end casting solutions.<\/p>\n

Following our IPO, we are on a growth path supported by our expansion and capital expenditure plans. We have established a new subsidiary and acquired land to set up a gas nitriding plant.<\/p>\n

Focusing our efforts on increasing installation capacity is crucial as we strive to meet the growing demand from our valued customers. Additionally, we are concentrating on boosting our overall order book value by securing more orders and enhancing the value of existing ones. This multifaceted approach underscores our commitment to excellence and growth, paving the way for a promising future.\u201d<\/p>\n

Key Operational Highlights\u00a0<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n
Company Lists on NSE Emerge<\/td>\n\u00a0 The Company got listed on the NSE Emerge platform with an IPO of\u00a0\u20b9\u00a047.20 Crore.<\/td>\n<\/tr>\n
New Subsidiary Thaai Induction and Nitriding Pvt Ltd<\/td>\n\u00a0 The company established Wholly Owned Subsidiary Thaai Induction and Nitriding Pvt Ltd has embarked on a strategic expansion into the ferrous business segment to improve its market presence and growth prospects.<\/td>\n<\/tr>\n
Land Acquisition for Expansion: New Facilities for Subsidiary<\/td>\n\u00a0 The company has acquired land to facilitate its new subsidiary, with the aim of constructing facilities for the gas nitriding of cylindrical ring gears, gear shaping of hollow shafts, and the manufacturing of planetary carriers.<\/td>\n<\/tr>\n
Order book as on March 2024<\/td>\n\u00a0 Company\u2019s order book as on March 2024 stood at 232.69 Cr.<\/td>\n<\/tr>\n
Order received in month of April & May\u00a0<\/td>\n\u00a0 In the month of April and May company received orders worth\u00a0\u20b9\u00a074 Cr, for the duration of next 5 years.<\/td>\n<\/tr>\n
Orders secured by\u00a0Subsidiary<\/td>\n\u00a0 In the month of April & May Thaai Induction and Nitriding Pvt Ltd secured orders worth\u00a0\u20b9\u00a010.80 Cr\u00a0for next 3 years.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], May 30: \u00a0Thaai Casting Limited,\u00a0(NSE \u2013 TCL), […]<\/p>\n","protected":false},"author":2,"featured_media":39324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-39323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/39323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=39323"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/39323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/39324"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=39323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=39323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=39323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}