Creative Newtech Released Financial Results for Q1FY23-24, Sees Strong Growth

Creative Newtech announced it’s reported growth numbers for the period Q1 ending June 30TH,2023.

Highlights of Q4 FY 22-23 V/s Q1 FY 23-24 (Standalone) (in Cr.)

• Total Revenue of Rs 397.74 in Q4, Rs 459.10 in Q1

• EBIDTA of Rs. 11.29 in Q4, Rs 8.11 in Q1

• PAT of Rs. Rs. 6.27 in Q4, Rs 4.12 in Q1

• EPS of Rs. Rs. 4.98 in Q4, Rs 3.27 in Q1

Highlights of Q4 FY 22-23 V/s Q1 FY 23-24 (Consolidated) (in Cr.)

• Total Revenue of Rs. 402.98.14 in Q4, Rs 471.34 in Q1

• EBIDTA of Rs. 11.49 in Q4, Rs 9.91 in Q1

• PAT of Rs. Rs. 6.45 in Q4, Rs 5.88 in Q1

• EPS of Rs. Rs. 5.20 in Q4, Rs 3.91 in Q1

Commenting on the results, Ketan Patel, Chairman & Managing Director of Creative Newtech, said, "During this Q1, our sustained business achievements were highlighted by the strategic expansion of our brand portfolio with the inclusion of brands Cricut and Razer. The Q1 also witnessed a steady growth in the sales of the FMSG product category, specifically Cooler Master, Samsung, ViewSonic, Honeywell. We hope to maintain the continuity of this momentum into the fiscal year 2023-2024. Our strategic vision encompasses the augmentation of our portfolio with the integration of esteemed global brands, complemented by robust revenue generation from our electronic goods sector.”