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The second quarter of current fiscal year proved the best so far for the home textile giant Indo Count Industries Limited, as the company had its highest ever quarterly revenue, surpassing Rs. 1000 crore, the highest ever quarterly volumes, thehighest ever quarterly EBITDA and volume guidance for FY ’24 was revised to 90 – 100 million meters.
As per details shared by the company, it witnessed a 22 per cent Y-O-Y growth in total income as it was Rs. 1,033 crore in Q2 FY ’24 compared to Rs. 849 crore in Q2 FY ’23.
The company’s net profit increased by 70 per cent in Q2 FY ’24 as it was Rs. 114 crore in this period compared to Rs. 67 crore in Q2 FY ’23.
Anil Kumar Jain – Executive Chairman of the company said, “Our robust performance, achieving Rs. 1000 crore+ quarterly revenue for the 1st time in the company’s history, showcases our distinct strategic vision and the enduring strength of our capabilities. Being the largest global providers of comprehensive bed linen solutions, our steadfast commitment to sustainable initiatives and community engagement have played a pivotal role in driving our growth. As a leading exporter, our unwavering focus remains on expanding our share in both global and domestic markets.”