July 16, 2024
Financial Results

Axita Cotton Ltd Achieves Record Revenue And Profit In FY 24

Axita Cotton Ltd has reached unprecedented heights with a staggering revenue of Rs 1104 crore and all-time high profit in the fiscal year 2023-2024, marking a remarkable 100.89% year-on-year increase from Rs 549.83 crore. This extraordinary achievement reflects Axita Cotton’s dedication to exceeding expectations and delivering exceptional value.

Chairman Nitinbhai Govindbhai Patel commented, “We’re delighted to surpass the significant revenue milestone of Rs 1104.38 crore in FY2024. This success is a testament to our team’s exceptional execution and the growing adoption of technologies. Our focus remains on seamlessly integrating acquisitions, following our strategic roadmap, and fostering sustainable, profitable growth.”

In a move reflecting strong financial standing, Axita Cotton Limited has declared a 10% dividend for FY2023-2024. This decision underscores the company’s commitment to sustained growth and profitability, garnering positive reception from the market. The dividend announcement not only signifies the distribution of profits but also reinforces the company’s potential for future growth and profitability.

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