ANNUAL REPORT 2023-2024 (RE-UPLOAD DUE TO NOT VISIBLE, AS ADVISED)
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Modern Malleables Ltd, a Kolkata-based manufacturer of overhead electrical power conductors and telecom line accessories, has filed its 40th Annual Report for FY 2023-24. Revenue from operations rose about 30% to Rs 6,799.46 lakhs from Rs 5,239.57 lakhs in the previous year. Profit after tax jumped roughly 52% to Rs 1,409.35 lakhs, up from Rs 926.54 lakhs, helped by nil finance costs and zero long-term borrowings. Net worth strengthened to Rs 14,754.19 lakhs driven by higher reserves, though the Board has skipped dividend to conserve resources. The company spent Rs 25.51 lakhs on CSR activities, mainly animal welfare, and reported foreign exchange outgo of Rs 3,356.72 lakhs with nil forex earnings.
Strong top-line and bottom-line growth with a debt-free balance sheet signals healthy operational performance, which is positive for shareholders. However, no dividend payout and nil foreign exchange earnings may limit near-term shareholder returns.