क्रिस्टल इंटीग्रेटेड का लक्ष्य अगले तीन वर्षों में 30% राजस्व वृद्धि पर है।

क्रिस्टल इंटीग्रेटेड का लक्ष्य अगले तीन वर्षों में 30% राजस्व वृद्धि पर है।

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%.

  • Business
  • 179
  • 12, Apr, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

Krystal Integrated eyes 30% revenue growth over the next three years.

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.

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Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat