These 6 firms cut down debt, see up to 92% rally in FY23
, ETMarkets.com|
ET Markets found six companies that have reduced their debt by over 25% in FY22 on a year-on-year (YoY) basis while their sales and profit growth numbers rose over 25%. We have excluded entities whose total debt and sales amount was below Rs 100 crore in FY21. Only stocks with a current market cap of over Rs 5,00 crore have been added to the list.
From the BSE universe, 34 companies have made the cut. Interestingly, 6 stocks from the list have gained anywhere between 50 and 90% so far in FY23 (Data Source: ACE Equity).
Agencies
Net sales in FY22 : Rs 697 crore
Net profit in FY22: Rs 97 crore.
Reuters
Net sales in FY22 : Rs 2289 crore
Net profit in FY22: Rs 54 crore
ETMarkets.com
Net sales in FY22 : Rs 12,525 crore
Net profit in FY22: Rs 994 crore
Agencies
Net sales in FY22 : Rs 257 crore
Net profit in FY22: Rs 25 crore
iStock
Net sales in FY22 : Rs 11,138 crore
Net profit in FY22: Rs 493 crore.
Reuters
Net sales in FY22 : Rs 1,679 crore
Net profit in FY22: Rs 113 crore.
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iStock
