Murugappa Group Posts 15.2% Profit Jump in FY2024, Surpassing Rs 7,885 Crore

The Murugappa Group reported a 15.2% increase in profit after tax for the fiscal year ending March 31, 2024, reaching Rs 7,885 crore. This growth was achieved on a turnover of Rs 77,881 crore. The group's Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 10.8% to Rs 11,554 crore.

The Murugappa Group has reported a significant 15.2% jump in its profit after tax for the fiscal year ending March 31, 2024, reaching an impressive Rs 7,885 crore. This marks a considerable increase from the Rs 6,846 crore profit recorded during the corresponding period last year.

The diversified conglomerate, based in the city, saw its group turnover rise by 4.9% to Rs 77,881 crore, compared to Rs 74,220 crore registered in the previous year. Additionally, the group's Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 10.8%, amounting to Rs 11,554 crore from last year's Rs 10,426 crore.

In a statement released on Monday, the company highlighted that the Return on Equity of its financial services business improved marginally from 19% to 19.2% this year. However, the Return on Capital Employed by the manufacturing entities declined to 21.3% from the 27.9% recorded in the previous fiscal year.

(With inputs from agencies.)