{"id":37085,"date":"2024-04-17T12:16:34","date_gmt":"2024-04-17T06:46:34","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2024\/04\/17\/atam-valves-achieves-a-total-revenues-of-rs-52-62-cr-in-fy24\/"},"modified":"2024-04-17T12:16:34","modified_gmt":"2024-04-17T06:46:34","slug":"atam-valves-achieves-a-total-revenues-of-rs-52-62-cr-in-fy24","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2024\/04\/17\/atam-valves-achieves-a-total-revenues-of-rs-52-62-cr-in-fy24\/","title":{"rendered":"Atam Valves, Achieves A Total Revenues of Rs 52.62 Cr in FY24"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], April 17:<\/strong> Atam Valves Limited (ATAM)\u00a0(BSE \u2013 543236,\u00a0NSE \u2013\u00a0ATAM),\u00a0a renowned manufacturer of industrial and plumbing valves and fittings,\u00a0has\u00a0announced\u00a0its\u00a0Audited FinancialResults for the\u00a0Q4\u00a0& FY24.<\/p>\n

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

Q4\u00a0FY24 <\/strong><\/p>\n

-Total Income of\u00a0\u20b9\u00a017.27\u00a0Cr<\/p>\n

-EBITDA of\u00a0\u20b9\u00a04.01\u00a0Cr <\/p>\n

-EBITDA Margin of\u00a023.23\u00a0% <\/p>\n

-PAT of\u00a0\u20b9\u00a02.68\u00a0Cr <\/p>\n

-PAT Margin of\u00a015.55\u00a0% <\/p>\n

-EPS of\u00a0\u20b9\u00a02.34 \u00a0<\/p>\n

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

-Total Income of\u00a0\u20b9\u00a052.62\u00a0Cr<\/p>\n

\u2002-EBITDA of\u00a0\u20b9\u00a09.82\u00a0Cr <\/p>\n

-EBITDA Margin of 18.66\u00a0% \u2002PAT of\u00a0\u20b9\u00a05.83\u00a0Cr<\/p>\n

-PAT Margin of\u00a011.08\u00a0% \u2022\u2002EPS of\u00a0\u20b9\u00a05.21<\/p>\n

Commenting on the performance, Mr. Amit Jain \u2013 Managing Director of Atam Valves Limited said,\u201dWith a promising demand outlook for industrial valves, we\u2019re strategically expanding our market presence by venturing into new industries and strengthening our footprint globally. Our endeavour to obtain API certification by Q2 FY25 signifies our dedication to elevating industry standards and enhancing marketability. With this proactive approach, we are confident in sustaining our profit margin with an upward bias. \u201d\u00a0<\/p>\n

Highlights for Q4\u00a0FY24 (January\u00a02024\u00a0\u2013\u00a0March\u00a02024)<\/p>\n

\n\n\n\n\n
Allotted 24 Lakhs Equity shares<\/td>\nCompany has allotted\u00a09.15\u00a0Lakhs Equity shares\u00a0of\u00a0\u20b9\u00a010 each to Mr. Amit Jain, Managing Director of the Company, pursuant to the conversion of warrants \u00a0 <\/p>\n

\u2022\u00a04.57\u00a0Lakhs Equity Shares issued at a price of\u00a0\u20b9\u00a052 per warrant out of which\u00a0\u20b9\u00a013 were paid at the time of allotment of warrants and\u00a0\u20b9\u00a039 per warrant paid at the time of conversion of warrants into equity shares,\u00a0and \u00a0
\u2022\u00a0Rest\u00a04.57\u00a0Lakhs\u00a0Equity Shares as\u00a0Bonus Issue\u00a0in the ratio of 1:1 \u00a0<\/td>\n<\/tr>\n

Change in Management \u00a0<\/td>\n\u2022\u00a0CA Parminder Singh appointed as Non-Executive Independent Director, with decades of experience in accounting and financial strategies. \u00a0
\u2022\u00a0Mr. Bhavik Jain appointed as Wholetime Director, leveraging international exposure to drive growth and oversee global operations. \u00a0
\u2022\u00a0Mr. Gaurav Jain\u00a0appointed as Non-Executive Independent Director \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>
.<\/figcaption><\/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","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], April 17: Atam Valves Limited (ATAM)\u00a0(BSE \u2013 543236,\u00a0NSE \u2013\u00a0ATAM),\u00a0a renowned manufacturer of industrial and plumbing<\/p>\n","protected":false},"author":1,"featured_media":37086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-37085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/37085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=37085"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/37085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/37086"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=37085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=37085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=37085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}