{"id":31891,"date":"2023-08-18T07:30:56","date_gmt":"2023-08-18T07:30:56","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2023\/08\/18\/atam-valves-limited-surges-with-a-remarkable-40-revenue-growth-in-the-q1-fy24\/"},"modified":"2023-08-18T07:30:56","modified_gmt":"2023-08-18T07:30:56","slug":"atam-valves-limited-surges-with-a-remarkable-40-revenue-growth-in-the-q1-fy24","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2023\/08\/18\/atam-valves-limited-surges-with-a-remarkable-40-revenue-growth-in-the-q1-fy24\/","title":{"rendered":"Atam Valves Limited Surges with a Remarkable 40% Revenue Growth in the Q1 FY24"},"content":{"rendered":"
\"\"<\/div>\n

New Delhi (India), August 18<\/strong>: Atam Valves Limited (ATAM) (BSE \u2013 543236 NSE \u2013 ATAM), a renowned manufacturer of industrial and plumbing valves and fittings, has <\/a>announced its unaudited Financial Results for the Q1 FY24.<\/p>\n

<\/a>Key Financial Highlights:<\/p>\n

Q1 FY24:<\/p>\n

\u2022 Total Income \u20b9 10.40 crore<\/p>\n

\u2022 EBITDA of \u20b9 1.51 crore<\/p>\n

\u2022 EBITDA margin at 14.48% <\/p>\n

\u2022 Net Profit of \u20b9 0.84 crore <\/p>\n

\u2022 Net profit margin at 8.08% <\/p>\n

\u2022 EPS (Diluted) \u20b9 0.72<\/p>\n

Commenting on the performance, Mr. Amit Jain \u2013 Managing Director of Atam Valves Limited said, \u201cFY24 has kicked off on an exceptionally positive note, marked by robust revenue growth attributed to escalating demand for our products. Throughout this period, we made substantial investments in marketing and R&D, particularly for the introduction of new Bathroom Fitting products into the market. Although these initiatives have impacted our profit margins, we hold a steadfast belief that these innovative products will provide us a competitive edge, bolster our brand recognition, and ultimately expand our market share over the long term.<\/p>\n

In our pursuit of bolstering profitability, we have embarked on a journey to optimize our operational efficiency, rationalize costs, and bolster our agility in responding to the fluidity of market dynamics. These measures, coupled with our newly introduced range of Bathroom Fitting products, are poised to act as a formidable driving force for the company in the foreseeable future, promising enduring brand recognition and prominence.\u201d<\/p>\n

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","protected":false},"excerpt":{"rendered":"

New Delhi (India), August 18: Atam Valves Limited (ATAM) (BSE \u2013 543236 NSE \u2013 ATAM), a renowned manufacturer of industrial and plumbing valves and fittings, has announced its unaudited Financial Results for the Q1 FY24. Key Financial Highlights: Q1 FY24: \u2022 Total Income \u20b9 10.40 crore \u2022 EBITDA of \u20b9 1.51 crore \u2022 EBITDA margin at 14.48%  \u2022 Net Profit of \u20b9 0.84 crore  \u2022 Net profit margin at 8.08%  \u2022 EPS (Diluted) \u20b9 0.72 Commenting on the performance, Mr. Amit…<\/p>\n","protected":false},"author":1,"featured_media":31892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[294],"class_list":["post-31891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/31891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/comments?post=31891"}],"version-history":[{"count":0,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/31891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media\/31892"}],"wp:attachment":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media?parent=31891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/categories?post=31891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/tags?post=31891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}