Krystal Integrated eyes 30% revenue growth over next three years.
Krystal Integrated Services' shares soar 10% as Q3FY24 earnings impress. Revenue up 48% YoY to ₹283 crore. EBITDA margin dips. 3-year growth forecast: 30%.
Shares of Krystal Integrated Services, a company specializing in facilities management, surged by more than 10% today (April 12) following its robust earnings report for the third quarter of the fiscal year 2023-2024, which ended in December 2023.
During the third quarter, Krystal witnessed a remarkable year-on-year revenue increase of over 48%, reaching ₹283 crore. Moreover, for the period spanning April to December 2023, the company's revenue grew by nearly 43% year-on-year, totalling ₹735 crores.
However, despite the revenue growth, the earnings before interest, taxes, depreciation, and amortization (EBITDA) margin saw a decline to 6.8% for the nine months, compared to 7.8% in the previous year.
Looking ahead, the Mumbai-based company anticipates a revenue expansion of 30% over the next three years.
| Follow the Hindeez on Google News |  |
| Follow the Hindeez channel on WhatsApp |  |
We hate spam as much as you do
© Hindeez 2024, All Rights Reserved
