by Suman Gupta
- FY24 Revenue surges 45.1% YoY to Rs. 1,026.8 crore
- EBITDA for FY24 grows 37.8% YoY to Rs. 68.7 crore
- PAT for FY24 is up by 45.2% YoY to Rs. 49.0 crore
Mumbai, May, 2024: Krystal Integrated Services Limited (KISL), a market leader in facility management services across India, is pleased to announce its audited financial performance for the fourth quarter and financial year ended March 31, 2024.
Key Consolidated Financials:
| Particulars (Rs. Cr.) | Q4 FY24 | Q4 FY23 | YoY% | FY24 | FY23 | YoY% |
| Revenue | 292.2 | 192.2 | 52.0% | 1026.8 | 707.6 | 45.1% |
| EBIDTA* | 18.8 | 9.5 | 97.7% | 68.7 | 49.8 | 37.8% |
| EBITDA Margin (%) | 6.4% | 4.9% | 149 bps | 6.7% | 7.0% | (35 bps) |
| PAT | 15.7 | 9.2 | 70.3% | 49.0 | 33.8** | 45.2% |
| PAT Margin | 5.4% | 4.8% | 58 bps | 4.8% | 4.8% | – |
* EBITDA excluding Other Income
** Excluding profit from discontinued operations
Performance Highlights for the quarter ended March 31st, 2024:
- Revenue for the quarter was Rs. 292.2 crore in Q4 FY24, a YoY increase of 52.0%
- EBITDA (excluding other income) stood at Rs. 18.8 crore in Q4 FY24, YoY increase of 97.7%. EBITDA Margin was 6.4% in Q4 FY24, rising 149 bps
- PAT was reported at Rs. 15.7 crore in Q4 FY24, vis-à-vis Rs. 9.2 crore in Q4 FY23, while PAT Margin stood at 5.4%
Performance Highlights for the Financial Year ended March 31st, 2024:
- Revenue for the full year was Rs. 1,026.8 crore in FY24, a YoY increase of 45.1%
- EBITDA was at Rs. 68.7 crore for FY24, YoY increase of 37.8%. EBITDA Margin was 6.7% for FY24
- PAT for the year was Rs. 49.0 crore compared to Rs. 33.8 crore in FY23, while PAT Margin stood at 4.8%
- The Board has recommended Dividend of Rs. 1.50/- per equity share, i.e. 15% of face value Rs. 10/- each, subject to shareholders’ approval
Management Comments:
Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said,
“I am pleased to share that the company has performed better than expectations, closing the fiscal year on a strong note. In FY24, our top line has grown 45.1% year-on-year to Rs. 1,026.8 crore, crossing the Rs. 1,000 crore mark for the first time. EBITDA and PAT increased 37.8% and 45.2% to Rs. 68.7 crore and Rs. 49.0 crore, respectively.
The growth mainly came from a robust increase in our order book as we continued to secure new contracts. We are strategically diversifying our business by expanding our corporate partnerships to reduce our reliance on government contracts. Concurrently, we are broadening our service offerings to include a more comprehensive portfolio.
Overall, we have entered the new fiscal year on an optimistic note and aim to sustain this momentum in the coming quarters. I would like to thank the entire team at Krystal and all our stakeholders for their continued support.”
About Krystal Integrated Services Limited:KISL, one of India’s leading integrated facilities management services companies, specializes in sectors such as healthcare, education, public administration—including state government entities, municipal bodies, and other government offices—airports, railways, metro infrastructure, and retail. The company offers a comprehensive range of integrated facility management services across these varied sectors. Additionally, KISL provides staffing solutions and payroll management, private security and manned guarding services, and catering services. Over the fiscal years 2021 to 2023, KISL served 262, 277, and 326 customers, respectively, and operated at 1,962, 2,240, and 2,427 customer locations across India.
BSE: 544149; NSE: KRYSTAL Website: http://krystal-group.com
