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Toyam Sports Ltd. Reports Earnings for Q3FY24, Revenue from Operations Grows 914% QoQ
Indian Economy & Market
|March 2024
Toyam Sports Ltd., a prominent player engaged in sports production, promotion and management, in its board meeting held on February 14, 2024, has approved the unaudited Financial Results of the Company for the quarter and nine months ended on 31 December 2023.
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For the quarter ended 31 December 2023, Revenue from Operations grew by 914.64 per cent from ₹193.94 Lakhs in Q2FY24 to ₹1967.79 Lakhs in Q3FY24. EBITDA was reported at ₹563.9 Lakhs in Q3FY24, a healthy growth of 370 per cent QoQ, with EBITDA margins coming in at 28.66 per cent. PAT grew to ₹563 Lakhs in Q3FY24. For the nine months ended 31 December 2023, Revenue from Operations grew by 811.11 per cent from ₹270.64 Lakhs in 9MFY23 to ₹2465.82 Lakhs in 9MFY24. EBITDA was reported at ₹638.79 Lakhs in 9MFY24. EBITDA margins stood at 25.91 per cent in 9MFY24. PAT increased to ₹636.24 Lakhs in 9MFY24, turning positive YoY.
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