Safari Industries Reports Strong Q1 Growth, Appoints New Director, and Invests in Subsidiary
Safari Industries India Ltd reported a 14% increase in net profit to ₹505 million and 17.8% revenue growth to ₹5.30 billion for Q1 ended June 30. EBITDA rose to ₹793 million with margin expansion to 15%. The company appointed Ms. Manjaree Chowdhary as an Additional Director for a five-year term. The Board approved a ₹250 million investment in its wholly owned subsidiary, Safari Manufacturing Limited. These developments showcase the company's focus on growth and corporate governance in the luggage industry.
06May 25
Safari Industries India Reports Q4 FY2023 Results with Mixed Performance
Safari Industries India's Q4 FY2023 results show revenue growth of 15.07% to ₹4.20 billion, but declining profitability. EBITDA decreased by 29.64% to ₹470.00 million, with EBITDA margin falling to 11.00%. Net profit declined by 11.63% to ₹380.00 million. Despite challenges, the company declared a dividend of ₹1.50 per share.