DISA India Limited , a leading foundry machinery manufacturer, has reported mixed financial results for the first quarter. The company saw an increase in revenue but experienced a decline in profitability.

Revenue Growth

DISA India's consolidated revenue from operations increased by 6.3% to ₹1,019.70 crore, compared to ₹959.30 crore in the same quarter of the previous year. On a standalone basis, the company's revenue grew by 8.2% to ₹1,017.30 crore.

Profit Decline

Despite the revenue growth, the company's profitability took a hit. Consolidated profit after tax decreased by 14.2% to ₹130.40 crore, down from ₹151.90 crore in the corresponding quarter of the previous year. Standalone profit after tax also fell by 11.6% to ₹131.50 crore.

Earnings Per Share

The consolidated earnings per share (EPS) for the quarter stood at ₹89.67, showing a decrease from ₹104.46 in the same quarter of the previous year.

Order Backlog

DISA India maintains a healthy order backlog of ₹2,690.00 crore, indicating a strong pipeline of future business.

Operational Highlights

The company's financial results reflect a mixed performance:

Legal Update

DISA India is currently involved in a legal dispute concerning an arbitration award of ₹25.50 crore. The company has deposited ₹17.00 crore with the Karnataka High Court pending resolution of the case. This ongoing legal matter stems from an alleged unsatisfactory performance of equipment supplied to a customer in the past.

Subsidiary Closure

The company has completed the closure of operations of its subsidiary, Bhadra Castalloy Private Limited. This closure resulted in exceptional costs in the previous fiscal year, including impairment losses and severance pay.

DISA India's board of directors approved these financial results at their meeting held on August 11. The company continues to operate in a single segment of manufacturing and selling foundry machinery and machinery parts.

DISA India , a leading manufacturer of foundry and surface preparation equipment, has announced its fourth-quarter financial results, showcasing robust growth and a generous dividend recommendation for shareholders.

Q4 Financial Highlights

• Net Profit: ₹127.00 crore, slightly down from ₹132.00 crore year-over-year
• Revenue: ₹1,100.00 million, up from ₹964.00 million in the previous year
• EBITDA: ₹184.00 crore, increased from ₹155.00 crore year-over-year
• EBITDA Margin: Improved to 16.99% from 16.08%

DISA India demonstrated strong financial performance in the fourth quarter, with significant growth in revenue and EBITDA. The company's revenue surged to ₹1,100.00 million, marking a substantial increase from ₹964.00 million in the same quarter of the previous year. This growth indicates a robust demand for DISA India's products and services in the foundry and surface preparation sectors.

Profitability and Operational Efficiency

While the net profit saw a marginal decrease to ₹127.00 crore from ₹132.00 crore year-over-year, it showed a notable improvement compared to the previous quarter's ₹100.00 crore. This quarter-on-quarter growth suggests effective cost management and operational efficiency.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) witnessed a healthy rise to ₹184.00 crore, up from ₹155.00 crore in the corresponding quarter of the previous year. More importantly, the EBITDA margin improved to 16.99% from 16.08%, indicating enhanced operational efficiency and better cost control measures.

Dividend Announcement

In a move that will likely please shareholders, DISA India's board has recommended a dividend of ₹100.00 per equity share. This generous dividend payout reflects the company's strong financial position and its commitment to delivering value to its shareholders.

Quarterly Performance Comparison

The quarterly comparison highlights DISA India's year-over-year growth in revenue and EBITDA, as well as the sequential improvement in net profit.

DISA India's strong Q4 performance, marked by significant revenue growth and improved operational efficiency, positions the company well for the future. The recommended dividend further underscores the company's financial health and its focus on shareholder returns.