Creative Newtech announced its reported growth numbers for the period Q4 ending May 30th 2023.
FY 23-24 Standalone Revenue at 397.74 in Q4 and Consolidated Revenue at 402.98 in Q4. Expanded brand portfolio by entering into strategic partnership with Razer and Cricut Inc.
Highlights of Q3 FY 23-24 V/s Q4 FY 23-24 (Standalone) (in Cr.)
· Total Revenue of Rs. 413.62 in Q3 , Rs.397.74 in Q4
· EBIDTA of Rs. 10.71 in Q3 , Rs.11.29 in Q4
· PAT of Rs. Rs. 5.71 in Q3 , Rs.6.32 in Q4
· EPS of Rs. Rs. 4.55 in Q3 , Rs.4.98 in Q4
Highlights of Q3 FY 23-24 V/s Q4 FY 23-24 (Consolidated) (in Cr.)
· Total Revenue of Rs. 428.98 in Q3 , Rs.402.98 in Q4
· EBIDTA of Rs. 12.69 in Q3 , Rs.11.49 in Q4
· PAT of Rs. Rs. 7.67 in Q3 , Rs.6.51 in Q4
· EPS of Rs. Rs. 5.52 in Q3 , Rs.5.20 in Q4
Commenting on the results, Ketan Patel, Chairman & Managing Director, Creative Newtech said,” In Q4 this year, the continued success of our business was to add more brands to our portfolio, Cricut and Razer. The Q 4 also witnessed a steady growth in the sales of FMEG products, offline and online. We expect the momentum to carry forward into FY 23-24 and plan to expand our portfolio by adding more reputed and global brands. Along with the high revenue by our electronic goods portfolio”.
