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VMS Industries reports 89.7% revenue growth in FY24

The Business Guardian

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July 06, 2024

Gujarat-based  VMS Industries Ltd (BSE - 533427) has reported excellent operational and financial performance of the 12 months ended March 2024.

VMS Industries reports 89.7% revenue growth in FY24

The company has achieved the highest ever Annual Revenue of Rs 266.37 crore for FY24 with 89.7 per cent Y-o-Y growth as compared to revenue of Rs 140.39 crore in the corresponding period of FY23. The company announced first interim dividend of Rs 0.50 per share Highlights:

* The company has also bagged new orders worth approx. Rs 168 crore.

* The company anticipate a strong revenue performance across major segments fuelled by expected growth in ship recycling business and Asset dismantling business.

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