Krystal Integrated ($KRY) Surges 5% on Robust Q4 Performance and Strong Order Book

<ul>
    <li>Krystal Integrated Services share price jumped over 5% on Tuesday's session after the firm reported its Q4 results.</li>
    <li>The facility management and security services provider's revenue for the quarter ended March rose 52% year-on-year.</li>
    <li>"The growth mainly came from a robust increase in our order book as we continued to secure new contracts," said CEO Sanjay Dighe.</li>
</ul>
<p><strong>Krystal Integrated Services sees a significant surge in share price following robust Q4 results, highlighting strong revenue growth and strategic business diversification.</strong></p>
<h2><strong>Krystal Integrated Services Reports Impressive Q4FY24 Results</strong></h2>
<p>For the quarter that ended March 31 (Q4FY24), Krystal Integrated Services reported a consolidated profit after taxes (PAT) surge of 70.3% year-on-year to ₹15.7 crore from ₹9.2 crore in Q4FY23. The company's revenue for the quarter rose 52% year-on-year to ₹292.2 crore from ₹192.2 crore in the same period last year.</p>
<h3><strong>EBITDA and Margin Performance</strong></h3>
<p>According to the company's exchange filing, EBITDA increased by 97.7% year-over-year to ₹18.8 crore in Q4FY24. The EBITDA margin also saw a significant improvement, increasing by 149 basis points to 6.4% in Q4FY24. This robust performance underscores the company's operational efficiency and strategic initiatives.</p>
<h3><strong>Strategic Business Diversification</strong></h3>
<p>CEO and Whole Time Director Sanjay Dighe commented on the performance, stating, "The growth mainly came from a robust increase in our order book as we continued to secure new contracts. We are strategically diversifying our business by expanding our corporate partnerships to reduce our reliance on government contracts. Concurrently, we are broadening our service offerings to include a more comprehensive portfolio."</p>
<h3><strong>Dividend and Full-Year Performance</strong></h3>
<p>Further, subject to shareholder approval, the board recommended a dividend of ₹1.50 per equity share, or 15% of the face value of ₹10 per share. For the full year FY24, the company's revenue was ₹1,026.8 crore, up 45.1% YoY, while profit after taxes for the year was ₹49.0 crore, up from ₹33.8 crore in FY23. The PAT margin was 4.8%.</p>
<h3><strong>Market Reaction and Share Performance</strong></h3>
<p>On Tuesday, Krystal Integrated Services share price opened at ₹789.95 apiece on BSE. The stock touched an intraday high of ₹790.55 and an intraday low of ₹765. The shares of Krystal Integrated Services have increased 8.6% since its debut on March 21. In March, the shares were listed at a premium of more than 11% above the issue price of ₹715, debuting at ₹795 on the BSE and ₹785 on the NSE.</p>
<h3><strong>Conclusion</strong></h3>
<p>Krystal Integrated Services' strong Q4 performance and strategic business diversification efforts have positively impacted its share price. The company's robust order book and expansion into new corporate partnerships indicate a promising future outlook. Investors should keep an eye on the company's ongoing growth strategies and market performance.</p>
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