Latest news with #Rs100.6
Business Standard
29-04-2025
- Business
- Business Standard
Aimtron Electronics Limited Reports Robust FY2024-25 Financial Results with 72% Revenue Growth and 89% Surge in Net Profit
India PR Distribution Vadodara (Gujarat) [India], April 29: Aimtron Electronics Limited, a fast-growing Electronics System Design and Manufacturing (ESDM) company, has announced its audited financial results for FY2024-25. The company delivered a standout performance marked by robust revenue and profit growth. Financial Highlights (FY2024-25): -Total Revenue: Rs158.3 crore, up 70.3% from Rs100.6 crore in FY2023-24 - Net Profit: Rs25.74 crore, a sharp rise of 89.3% from Rs14.56 crore last year Strategic Developments: Aimtron Electronics continues to build on its growth momentum through operational excellence and forward-looking investments: - Advanced Manufacturing Capacity: The company now operates 5 SMT lines, 37 THT lines, and 3 box-build assembly lines at its Vadodara manufacturing hub, delivering high-precision, customized electronic solutions with speed and efficiency. - Emerging Sector Focus: As part of its long-term vision, Aimtron is expanding into high-growth segments including aerospace & defense, telecom & network security, IoT, and AI-driven applications, supported by its upgraded infrastructure and experienced engineering teams. - Strong Order Book: Aimtron closed the fiscal year with an open order book of Rs300+ crores as on today, offering strong revenue visibility for the next year. Leadership Commentary: Mukesh Vasani, Chairman & CEO - Aimtron Electronics, said, "Our strong financial results are a testament to our commitment to quality, innovation, and customer success. We are proud of the team's relentless efforts and are excited about the opportunities ahead as we continue to scale globally." Nirmal Vasani, Non-Executive Director and COO - Aimtron Electronics, added, "At Aimtron, we are building a resilient and agile organization to meet the evolving needs of the electronics industry. Our investment in capabilities, infrastructure, and global partnerships will continue to drive sustainable growth." Way Forward Building on this momentum, Aimtron Electronics is targeting a 75% + growth in revenue for the fiscal year 2025-26, driven by robust demand, global expansion, and continued innovation. Considering a projected revenue of 280 Cr for FY26 with consistent PAT margins, the company is currently valued at a 25x PE ratio. This is relatively lower compared to its industry peers, indicating that the stock is undervalued. About Aimtron Electronics Limited: Established in 2011, Aimtron Electronics offers EMS, PCB assembly, box-build, and design services. With facilities in Vadodara, Ahmedabad, and Bengaluru, and a parent company based in Chicago, USA, Aimtron serves clients across the automotive, medtech, aerospace, industrial, power, gaming, IoT, and robotics sectors. Guided by the philosophy of "Tomorrow Today," Aimtron is committed to bringing tomorrow's technology to the world today. The company's vision is to enrich society globally through innovative technology. Media Contact:
Express Tribune
22-02-2025
- Business
- Express Tribune
Standard Chartered posts Rs100.6b profit
Listen to article Standard Chartered Bank Pakistan Limited (SCBPL) has posted a profit before tax of Rs100.6 billion reflecting a growth of 13% year on year (YoY). Performance was driven by strong income growth of 9% YoY, with positive contributions from all segments. Operating expenses of the bank reached the industry's lowest cost-to-income ratio at 19%, despite high inflation and investments in infrastructure. According to a statement filed at the Pakistan Stock Exchange (PSX), SCBPL said its prudent risk approach and recoveries of bad debts led to a net reversal in impairment of Rs4.9 billion during the year. On the liabilities side, bank's total deposits stand at Rs836 billion; up by Rs116 billion from last year, whereas current accounts registered a growth of Rs37 billion up 10% YoY and comprise 48% of the deposit base, as per the statement. On the asset side, net advances were lower by Rs49 billion or 22% compared to last year. During 2024, the Bank contributed Rs78.9 billion to the national exchequer in lieu of direct income taxes, as an agent of Federal Board of Revenue (FBR) and on account of FED/Provincial Sales Taxes. Commenting on the results, Rehan Shaikh, Chief Executive Officer and Head of Coverage, Standard Chartered Bank Pakistan said with a strong Return on Equity (ROE) of 43% for the year and a Capital Adequacy Ratio (CAR) of 23.5%, the Bank remains well positioned for future growth, as per a statement released by the company. The statement added that on the back of a strong performance, the BoD announced a final cash dividend of 55.0% (Rs5.50/- per share). This is in addition to 35.0% (Rs3.50/- per share) interim cash dividend announced/paid during the year.
