Axita Cotton soars in FY2023-2024.
They achieved record-breaking revenue of Rs 1,104 crore, doubling their previous year's figure. This impressive 100 per cent increase reflects the company's dedication to exceeding expectations. Net profit also grew by over 20 per cent, reaching Rs. 20.58 crore.
Attributing this success to exceptional teamwork and technological advancements, Chairman Nitinbhai Govindbhai Patel remains committed to integrating recent acquisitions and driving future growth.
Further strengthening their financial position, Axita Cotton announced a 10 per cent dividend for FY2023-2024, signifying confidence in their future profitability. This move was well-received by the market, solidifying Axita Cotton's position as a strong and growing company.
April 29, 2024
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