Weizmann Limited — Important, 12-11-2024: Financial Result Updates

Weizmann Limited has announced a board meeting on 12th November 2024, during which it approved the financial results for the quarter and half-year ended 30th September 2024.

The consolidated revenue from operations for the quarter reached ₹314.36 crore, reflecting a growth of 57.5% year-over-year. This increase can be attributed to heightened demand and market expansion. Net profit for the quarter was reported at ₹21.76 crore, compared to ₹11.04 crore in the corresponding period last year, resulting in an earnings per share (EPS) of ₹1.39.

Operational costs rose by 45% due to increased material consumption and rising costs in manufacturing and power. The overall expenses totaled ₹284.63 crore, showing effective cost management efforts in other areas.

The balance sheet reflects a healthy asset base of ₹979.53 crore, with total equity at ₹727.95 crore. Net cash flow from operations stood at ₹531.68 crore, highlighting robust operational cash generation.

Given the financial performance and ongoing demand, a buy insight appears warranted for retail investors, considering both growth potential and current valuations.