Murugappa Group Q1 results: Net profit increases 15.2% to Rs 7,885 cr

The Murugappa Group has reported a 15.2 per cent jump in its profit after tax for the year ending March 31, 2024 at Rs 7,885 crore.

The city-based diversified conglomerate had reported a profit after tax of Rs 6,846 crore during the corresponding period of last year.

The group turnover for the year ending March 31, 2024 rose to 4.9 per cent to Rs 77,881 crore, as compared to Rs 74,220 crore registered year ago.

The Earnings before Interest, Taxes, Depreciation and Amortisation grew by 10.8 per cent, to Rs 11,554 crore from Rs 10,426 crore registered in the same period of previous year.

In a statement on Monday, the company said the Return on Equity of the financial services business improved marginally to 19.2 per cent in the current year from 19 per cent in previous year.

Return on Capital Employed of the manufacturing entities declined to 21. 3 per cent in the current year from 27.9 per cent recorded in previous year.

The manufacturing entities of the Group generated a free cas