{"id":37647,"date":"2024-05-08T10:44:40","date_gmt":"2024-05-08T05:14:40","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2024\/05\/08\/shera-energys-consolidated-h2-fy24-pat-surges-by-64-percent\/"},"modified":"2024-05-08T10:44:40","modified_gmt":"2024-05-08T05:14:40","slug":"shera-energys-consolidated-h2-fy24-pat-surges-by-64-percent","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2024\/05\/08\/shera-energys-consolidated-h2-fy24-pat-surges-by-64-percent\/","title":{"rendered":"Shera Energy\u2019s Consolidated H2 FY24 PAT surges by 64 Percent"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], May 7<\/strong><strong>: Shera Energy Limited.(NSE \u2013 SHERA)<\/strong>,\u00a0engaged in the business of manufacturing winding wires and strips made of non-ferrous metals,\u00a0<a>announced<strong>\u00a0<\/strong>its Audited Financial Results for H2FY24 &amp; FY24<\/a>.<\/p>\n<p><strong>Key Consolidated Financial Highlights:<\/strong><\/p>\n<p><strong>Consolidated Key Financial Highlights FY24<\/strong><\/p>\n<p>\u2022\u2002Total Income of\u00a0\u20b9\u00a0876.32 Cr, YoY growth of 25.59 %<\/p>\n<p>\u2022\u2002EBITDA of\u00a0\u20b9\u00a052.55 Cr, YoY growth of 31.44 %<\/p>\n<p>\u2022\u2002EBITDA Margin of 6.00 %, YoY growth of 27 Bps<\/p>\n<p>\u2022\u2002PAT of\u00a0\u20b9\u00a014.05 Cr, YoY growth of 54.23 %<\/p>\n<p>\u2022\u2002PAT Margin of 1.60 %, YoY growth of 29 Bps<\/p>\n<p>\u2022\u2002EPS of\u00a0\u20b9\u00a05.21, YoY growth of 39.68 %<\/p>\n<p><strong>Consolidated Key Financial Highlights H2 FY24<\/strong><\/p>\n<p>\u2022\u2002Total Income of\u00a0\u20b9\u00a0491.91 Cr, YoY growth of 37.33 %<\/p>\n<p>\u2022\u2002EBITDA of\u00a0\u20b9\u00a027.27 Cr, YoY growth of 36.28 %<\/p>\n<p>\u2022\u2002EBITDA Margin of 5.54 %, YoY change of -5 Bps<\/p>\n<p>\u2022\u2002PAT of\u00a0\u20b9\u00a07.91 Cr, YoY growth of 63.77 %<\/p>\n<p>\u2022\u2002PAT Margin of 1.61 %, YoY growth of 26 Bps<\/p>\n<p>\u2022\u2002EPS of\u00a0\u20b9\u00a02.97, YoY growth of 65.92 %<\/p>\n<p>Commenting on the performance, Mr. Naseem Shaikh, Chairman and Managing Director, Shera Energy Limited\u00a0said, \u201cI am thrilled to announce our outstanding performance for H2FY24 and FY24. Our consolidated H2FY24 PAT surged by an impressive 64%, demonstrating the effectiveness of our strategic initiatives and operational efficiency.<\/p>\n<p>With the establishment of Shera Zambia Limited, we expand our global footprint in Central Africa. This aligns with our vision to explore new markets and diversify our offerings. We aim to cater to the growing demand in Zambia and its neighbouring nations, tapping into the region\u2019s burgeoning market potential.<\/p>\n<p>Looking ahead, we remain focused on driving sustainable growth, fostering innovation, and delivering value. I am confident in our ability to navigate challenges and capitalize on opportunities, further solidifying our position as one of the leading players in the non-ferrous metals industry.\u201d<\/p>\n<p>Highlights for H2 FY24 (January 2024 \u2013 March 2024)<\/p>\n<p>Tapping into Central Africa\u2019s Growing Market<\/p>\n<p>The Company extends its global footprint by introducing its subsidiary,\u00a0<strong>Shera Zambia Limited<\/strong>, in Central Africa. The company aims to specialize in the production of winding wire and cables, catering to the needs of Zambia and its neighbouring nations.<\/p>\n<p><em>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":"<p>Mumbai (Maharashtra) [India], May 7: Shera Energy Limited.(NSE \u2013 SHERA),\u00a0engaged in the business of manufacturing winding wires and<\/p>\n","protected":false},"author":1,"featured_media":37648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-37647","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\/37647","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=37647"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/37647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/37648"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=37647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=37647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=37647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}