Anmol India Ltd. Announces Bonus Shares and Strong Financial Growth in FY23
Ludhiana, India, June 6, 2023 — Anmol India Ltd. (BSE: 542437, NSE: ANMOL), a leading player in the supply chain management industry, commodity trading, and coal imports, has approved the issuance of bonus shares in the ratio of 4:1, meaning shareholders will receive 4 additional equity shares for every 1 share held, subject to shareholder approval.
Increase in Authorized Share Capital
The board has also approved an increase in the company’s authorized share capital from the existing Rs. 11.50 crores to Rs. 57 crores, accompanied by a subsequent alteration in the capital clause of the Memorandum of Association. This change is in line with the proposed bonus share issue, pending approval from shareholders.
Strong Financial Performance for Q4 and FY23
Anmol India Ltd. recently reported stellar financial results for the quarter and fiscal year ending March 31, 2023. The company’s performance for Q4 FY23 compared to Q4 FY22 reflects significant growth:
- Revenue from Operations: Increased by 18.70%, from Rs. 311.80 Cr in Q4 FY22 to Rs. 370.13 Cr in Q4 FY23. This growth was primarily driven by the addition of new products like coking coal, met coke, chemicals, and iron & steel, alongside higher volumes.
- EBITDA: Rose by 31.83%, from Rs. 7.32 Cr in Q4 FY22 to Rs. 9.65 Cr in Q4 FY23.
- PAT (Profit After Tax): Increased by 18%, from Rs. 3.16 Cr in Q4 FY22 to Rs. 4.43 Cr in Q4 FY23.
- PAT Margin: Improved from 1% in Q4 FY22 to 1.19% in Q4 FY23, an increase of 18 bps.
For the full fiscal year FY23 compared to FY22, Anmol India posted impressive growth:
- Revenue from Operations: Grew by 12%, from Rs. 1,059.39 Cr in FY22 to Rs. 1,410.24 Cr in FY23.
- EBITDA: Increased by 74%, from Rs. 27.52 Cr in FY22 to Rs. 36.53 Cr in FY23.
- PAT: Stand at Rs. 18.66 Cr in FY23, compared to Rs. 15.55 Cr in FY22, reflecting a 20% growth.
- EPS: Jumped by 19.90%, from Rs. 13.67 in FY22 to Rs. 39 in FY23.
Leadership and Strategic Initiatives
Anmol India is led by Shri Vijay Goyal, who brings 37 years of expertise in the coal industry. Recently, Mr. Chakshu Goyal, an ISB alumnus, joined as a director and has launched several digital initiatives to drive the company’s growth. Under their leadership, Anmol India has built a solid reputation in supply chain management, commodity trading, and coal imports, with an expanding client base across over 100 locations in India.
The company has undergone significant transformation by adopting an enhanced end-to-end supply chain management strategy for commodity trading. This approach includes a comprehensive range of services, from global sourcing and advanced research capabilities to the coordination of sea freights, cargo handling, robust insurance, inland logistics, and last-mile delivery. These operational improvements are part of the company’s ambitious expansion plan to ensure more robust and efficient systems.
Strategic Diversification and Future Outlook
Anmol India Ltd. is focusing on strategic diversification, including portfolio expansion and demographic diversification. The company aims to drive sales growth, enhance geographical reach, and boost its flexibility and adaptability. These efforts are designed to strengthen the company’s negotiating power and ensure long-term strategic benefits.
Anmol India is committed to delivering lasting value to its shareholders, guided by transparent and ethical business practices. The company continues to uphold the highest standards of corporate governance and remains dedicated to maintaining strong relationships with its stakeholders.
For more information, visit: www.anmolindia.com
Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
