Shri Bajrang Alliance Witnesses Remarkable 578.9% YoY Growth in Consolidated Net Sales for March 2023, Reaching Rs. 361.21 Crore
Shri Bajrang Alliance has released their consolidated quarterly numbers, highlighting substantial growth in several financial metrics. In March 2023, the company achieved net sales of Rs. 361.21 crore, representing an impressive increase of 578.9% compared to March 2022 when it was Rs. 53.21 crore.
However, there was a decline in the quarterly net profit, which amounted to Rs. 13.82 crore in March 2023, down by 46.62% from March 2022 when it was Rs. 25.89 crore.
The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 stood at Rs. 3.24 crore, demonstrating a modest growth of 12.11% from March 2022 when it was Rs. 2.89 crore.
On the other hand, the earnings per share (EPS) of Shri Bajrang witnessed a decrease, falling to Rs. 15.36 in March 2023 from Rs. 28.77 in March 2022.
It is important to note that Shri Bajrang’s shares closed at 172.40 on June 02, 2023, on the Bombay Stock Exchange (BSE). Over the last six months, the shares have yielded a negative return of -5.74%, while over the past 12 months, the return has been -2.96%.
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