Krishca Strapping Solutions Limited — Updates, 13-11-2024: Press Release

Krishca Strapping Solutions Limited reported total revenue of ₹63.84 Cr for the half-year, reflecting a 30% increase from ₹48.89 Cr year-on-year. EBITDA also improved to ₹9.54 Cr, up from ₹8.36 Cr, but profit after tax dipped slightly to ₹5.43 Cr from ₹5.68 Cr. The company secured strategic contracts: ₹2.81 Cr with Shyam Metallics for TMT strappings, ₹1.39 Cr with Rashtriya Ispat Nigam for steel strapping, and ₹2.54 Cr with Shyam Sel for TMT and metal strap binding, all set until March 31, 2025.

Krishca launched a new eco-friendly strapping line with a monthly capacity of 1,500 MT, commissioned in May 2024. Additionally, the company raised ₹68.04 Cr through equity shares and convertible warrants, aimed at fueling expansion and innovation. Overall, these developments indicate a positive outlook driven by strategic growth and operational advancements, positioning Krishca for enhanced performance in the competitive strapping solutions market.