ANI
07 Jun 2023, 20:26 GMT+10
PRNewswireVadodara (Gujarat) [India], June 7: Vadodara-based Maximus International Limited (BSE:Maximus has demonstrated exceptional resilience, maintaining its EBITDA margins for FY 23 and showcasing consistent and steady growth in its top line. Notably, the company achieved a significant leap of 40 per cent in EBITDA, amounting to an inspiring Rs 10.82 crore, which clearly highlights its unwavering progress.
This remarkable growth in revenue and EBITDA has directly resulted in a surge of over 55 per cent in the company's PAT, reaching an impressive Rs 7.28 crore for FY 23, surpassing the achievements of FY 22. Furthermore, Maximus has experienced an outstanding increase in EPS, with a notable climb from Rs 0.34 to Rs 0.55 per share. This exceptional growth of 60 per cent considering the corresponding previous financial year reflects the company's dedication and strategic decision-making.
By surpassing the Rs 100 crore milestone in top-line revenue, Maximus has not only met but exceeded its targets for FY 23, paving the way for an exciting future.
Maximus has consistently maintained a stable growth rate throughout all quarters of FY 23, showcasing its ability to overcome challenges while remaining profitable since its inception. As a leading manufacturer and distributor of specialty lubricants, with a strong presence in the African and Middle-Eastern markets, the company is well-positioned to seize new opportunities and achieve even greater heights.
Looking ahead, Maximus is poised to accelerate its growth, expand its margins, and enhance profitability through a strategic focus on product diversification and exploring untapped markets. With a solid foundation and a forward-thinking approach, Maximus is set for continued success and a future brimming with exciting possibilities.
Note:For further details on the company please refer the below mentioned link:Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed), a Vadodara-based non-banking finance company registered by the Reserve Bank of India. MIL was incorporated under the Companies Act, 2013.
MIL is engaged in importing, trading and exporting a wide range of products in various quantities and specifications to meet the variegated requirements of our clients for whom we act as a Resource/Intermediate Company.
(Disclaimer: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)Get a daily dose of Leeds Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Leeds Times.
More InformationDUBLIN, Ireland: Fifteen Irish citizens and their dependents have been evacuated from Israel due to the heightened state of alert over...
DUBLIN, Ireland: Dublin Airport has received a warning for going over its allowed number of passengers. As part of a rule set by...
ANKARA, Turkey: A Turkish far-right politician went on trial Wednesday, facing charges of inciting public hatred—an episode critics...
ZURICH, Switzerland: A wave of central banks across Europe surprised markets last week by lowering interest rates, responding to easing...
ZURICH, Switzerland: The Swiss National Bank (SNB) lowered its key interest rate to zero percent on June 19 to respond to falling inflation,...
THE HAGUE, Netherlands: The city that prides itself on being a beacon of peace and justice—home to institutions like the International...
LONDON/PARIS: British and French authorities have warned people to stay safe as an early summer heat wave brings unusually high temperatures...
ANKARA, Turkey: Amid rising tensions in the Middle East, the Organisation of Islamic Cooperation (OIC) announced it would form a new...
WASHINGTON DC, - U.S. President Donald Trump has claimed a ceasefire has been reached between Israel and Iran. He made the claim on...
DUBAI, U.A.E.: British Iranians living in the U.K. are taken aback when they try to reach their families in Tehran on the phone and...
BRASILIA, Brazil: Former Brazilian President Jair Bolsonaro is accused of playing a key role in an illegal surveillance operation orchestrated...
ANKARA, Turkey: A Turkish far-right politician went on trial Wednesday, facing charges of inciting public hatred—an episode critics...