{"id":21838,"date":"2023-11-02T13:22:49","date_gmt":"2023-11-02T07:52:49","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2023\/11\/02\/shera-energys-h1fy24-profit-after-tax-surged-43\/"},"modified":"2023-11-02T13:22:49","modified_gmt":"2023-11-02T07:52:49","slug":"shera-energys-h1fy24-profit-after-tax-surged-43","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2023\/11\/02\/shera-energys-h1fy24-profit-after-tax-surged-43\/","title":{"rendered":"Shera Energy\u2019s H1FY24 Profit After Tax Surged 43%"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], November 2<\/strong>: Shera Energy\u00a0Limited.\u00a0(NSE \u2013\u00a0SHERA),\u00a0engaged in the business of manufacturing winding wires and strips made of non-ferrous metals like copper, aluminum and brass,\u00a0<a><\/a>announced\u00a0its\u00a0unaudited Financial Results for\u00a0H1\u00a0FY24.<\/p>\n<p><a><\/a>Consolidated\u00a0Key Financials at a Glance:<\/p>\n<p>Q1\u00a0FY24:<\/p>\n<p>\u2022\u00a0Total Income of\u00a0\u20b9\u00a0384.41 crore, YoY growth of 13.21 %<\/p>\n<p>\u2022\u00a0EBITDA of\u00a0\u20b9\u00a025.28 crore, YoY growth of 26.61%<\/p>\n<p>\u2022\u00a0EBITDA Margin of 6.58%, YoY growth of 70 Bps<\/p>\n<p>\u2022\u00a0PAT of\u00a0\u20b9\u00a06.14 crore, YoY growth of 43.42 %<\/p>\n<p>\u2022\u00a0PAT Margin of 1.60 %, YoY growth of 34 Bps<\/p>\n<p>\u2022\u00a0EPS Of\u00a0\u20b9\u00a02.64, YoY growth of 22.79%<\/p>\n<p>Mr. Naseem Shaikh,\u00a0Chairman and Managing Director, Shera Energy Limited,\u00a0said\u00a0\u201cThe start of the financial year has been encouraging with double digit sales growth and impressive\u00a0bottom line\u00a0growth. \u00a0With higher sale of\u00a0value-added\u00a0products and the stringent cost control exercise, we have managed to improve operating margin.<\/p>\n<p>Our products are mainly used in transformers, motors and electrical panels and strong growth of the user industry will keep the demand momentum upbeat. With our quality product and diversified product portfolio, we are all set to leverage this opportunity and expect the growth momentum to continue for the rest of the year.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 2: Shera Energy\u00a0Limited.\u00a0(NSE \u2013\u00a0SHERA),\u00a0engaged in the business of manufacturing winding wires and strips made of non-ferrous metals like copper, aluminum and&hellip; <\/p>\n","protected":false},"author":1,"featured_media":21839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[656],"class_list":["post-21838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/21838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=21838"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/21838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/21839"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=21838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=21838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=21838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}