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Tembo Global Industries Limited, a prominent player in the industrial sector with expertise in engineering mechanics, design load calculations, drawings, specifications, manufacturing, supply, and project execution for sectors such as oil and gas, chemicals, construction, power, shipbuilding, nuclear power, HVAC, Anti-Vibration Systems, and various industrial, commercial, utility, and OEM installations, is pleased to announce its impressive financial performance for the quarter ended June 30, 2024.
Renowned for its export-oriented operations and holding the prestigious Star Export House certification, the company also engages in trading metal products and textiles. Despite the challenging economic landscape, Tembo Global Industries has demonstrated robust performance, underscoring its resilience and strategic excellence in the market.
Revenue from Operations: Rs. 12,840.95 lakhs for Q1 FY24, compared to Rs. 7,997.85 lakhs in Q1 FY23.Total Income from Operations: Rs. 12,973.01 lakhs, up from Rs. 7,998.19 lakhs in the same quarter of the previous year.
Profit Before Tax: Rs. 724.91 lakhs, compared to Rs. 222.90 lakhs in Q1 FY23. Profit After Tax: Rs. 537.33 lakhs, up from Rs. 167.92 lakhs in Q1 FY23. Earnings Per Share (Basic): Rs. 4.82 for Q1 FY24, compared to Rs. 1.51 in Q1 FY23.
On a consolidated basis, Tembo Global Industries reported: Revenue from Operations: Rs. 12,841.01 lakhs, an increase from Rs. 8,109.40 lakhs in Q1 FY23. Profit Before Tax: Rs. 729.14 lakhs, compared to Rs. 250.52 lakhs in Q1 FY23. Profit After Tax: Rs. 541.56 lakhs, up from Rs. 188.59 lakhs in Q1 FY23. Earnings Per Share (Basic): Rs. 4.85, compared to Rs. 1.70 in Q1 FY23.
Sanjay J Patel, Managing Director of Tembo Global Industries Limited, commented, “We are pleased to report a robust performance for the first quarter of the fiscal year 2024. Our revenue and profitability have shown substantial growth, reflecting the effectiveness of our strategic initiatives and operational efficiencies. The increase in revenue and profit is a testament to our team's dedication and our strong market presence. We remain committed to driving sustainable growth and delivering value to our shareholders. Looking ahead, we are optimistic about maintaining this positive trajectory and capitalizing on new opportunities for expansion.”
