Sheela Foam Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 21, 2024 at 09:46 am EDT
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Sheela Foam Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 8,451.5 million compared to INR 7,290.4 million a year ago. Revenue was INR 8,818.2 million compared to INR 7,466.5 million a year ago. Net income was INR 646.2 million compared to INR 432.3 million a year ago. Basic earnings per share from continuing operations was INR 5.94 compared to INR 4.43 a year ago. Diluted earnings per share from continuing operations was INR 5.94 compared to INR 4.43 a year ago.
For the full year, sales was INR 29,823.1 million compared to INR 28,733.2 million a year ago. Revenue was INR 30,994.1 million compared to INR 29,589.4 million a year ago. Net income was INR 1,824.4 million compared to INR 1,989.3 million a year ago. Basic earnings per share from continuing operations was INR 17.66 compared to INR 20.39 a year ago. Diluted earnings per share from continuing operations was INR 17.66 compared to INR 20.39 a year ago.
Sheela Foam Limited is an India-based company. The Company specializes in the production of a diverse range of foam-based household comfort items, including mattresses, furniture cushions, as well as technical grades of polyurethane foams that cater to various industries, such as automotive, acoustics and various others. Its product portfolio includes mattresses, technical foam, furniture foam, and comfort foam and home care products. The mattresses range includes Foam mattress, spring range, technology range, comfort cell range, back support range, flexi PUF range, and others. Its technical foam products consist of automotive foams, reticulated foams, ultraviolet stable foams and silentech foams. Sleepwell resitec, Sleepwell cool gel and primo are its furniture foam products. Its comfort foam and home care products include foam sheets, foam blocks, comfort range accessories, foam cores, and others. The Companyâs brands include Sleepwell, feather foam, and Starlite, among others.
SHEELA FOAM LIMITED 
