Advait Infratech reports 91% increase in fourth-quarter profit

Board of Directors recommend a final dividend of Rs1.5 per share

AHMEDABAD: India’s Advait Infratech Limited has reported a 90.82 per cent increases in net profit to Rs7.16 crore for the quarter ending March 31, 2024, due to effective cost management and strategic execution

At the same time, the company reported a 31.93 per cent year-on-year increase in net sales to Rs59.71 crore for the quarter, compared to Rs40.64 crore in the same quarter a year ago.

For the full year, the company registered a 101 per cent year-on-year increase in sales to Rs209.92 crore for FY 2023-24.

For the quarter, EBITDA reached Rs12.20 crore, up 82.52 per cent from Rs6.68 crore in the previous year. 

The Board of Directors has recommended a final dividend of Rs1.5 per share and is subject to shareholder approval at the upcoming Annual General Meeting.