Taylormade Renewables Limited

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FY18 Revenues were at Rs. 19.65 crore

PAT increased sharply by 2.4 times YoY to Rs 0.94 crore

 

Mumbai: Taylormade Renewables Ltd., engaged in providing renewable energy solutions, has declared its financial results for the financial year ended March 31, 2018.

FY18 Highlights:

  • Revenues from operations were at Rs 19.65 crore in FY18 as against Rs 18.17 crore in FY17; increased by 8.1% on YoY basis
  • EBIDTA was at Rs 2.04 crore in FY18 as against Rs 1.26 crore in FY17; increased significantly by 61.5% on YoY basis
  • EBITDA margins improved to 11.6% in FY18 as compared to 7.5% in FY17
  • Profit after tax (PAT) was at Rs 0.97 crore in FY18 as against Rs 0.40 crore in FY17; grown sharply by 2.4 times on YoY basis

 

Commenting on the results, Mr. Dharmendra Gor, Chairman and Managing Director, said, “We are very happy to deliver strong profitability growth for FY18 led by revenue growth and sharp improvement in operating margins during the year. We are expecting strong growth in revenues to continue in this year with further improvement in margins, which would drive the profitability for FY19.”

He further added, “We see a huge opportunity in renewable energy sector as the primary energy demand is expected to increase sharply over the next decade. We foresee long term growth in our business by supplying qualitative products, efficient services and building long term relations with our customers. We are implementing a business strategy to focus on capitalizing on our core strengths and expanding the operations of our business.”

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