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Consolidated revenue of INR 1,419 million for Q1 FY2025, up 7.3% year-over-year
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EBITDA of INR 353 million, up 11.8% YoY, with 24.8% margin
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PAT of INR 292 million, up 11.7% YoY, with 20.6% margin
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Textile segment: 46% of revenue
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Cleaning and hygiene segment: 54% of revenue
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Successfully raised INR 3,425 million through preferential allotment to support growth
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Appointed Dr. Amit Prabhakar Pratap as Additional Director to leverage his expertise
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Exploring manufacturing partnerships with Eurodye in Asia to improve efficiency
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Focus on sustainable and eco-friendly product lines
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Expansion into international textile hubs over past 3 years
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Ongoing development of new products to meet changing customer demands
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Textile industry showing signs of recovery after a challenging 2023
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Geopolitical issues and container shortages impacting shipping and raw material costs
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Increased freight costs and container shortages presenting challenges
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Currency fluctuations impacting costs
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Company aims to repeat performance of last 3-4 years in coming years
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Expects to maintain comfortable EBITDA and gross margins
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Funds raised will be used for organic and inorganic growth opportunities
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New facility expected to be operational by end of current financial year
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Opportunities in sustainable solutions for textile and cleaning industries
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Increasing demand in textile sector as inventory levels normalize
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Growing interest in sustainable solutions from customers
In one of the call, management answered that the maximum capacity of Ambarnath - 1 plant is 150,000, however post that they bought additional land nearby and doing capex there. Can anyone help why they are not utilizing space available at plant-1 first before starting at new one?
Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d24a9e6-d5f9-44af-86ad-fd92534d69c1.pdf
Just noticed few notable names who participated in fund raise:
- Arti Rajendra Gogri (from family of Chairman & MD of Aarti Industries) subscribed shares of Rs.7.8cr
- Ravi Vasudeo Goenka (Chairman of Laxmi Organics & Ex-president of the executive committee of the Indian Chemical Council) subscribed shares of Rs. 3.5cr
Textile got biggest push from government through PLI allocation leading to 2451% growth compared to FY25 revised estimate, should contribute positively to growth of textile sector and indirectly leading to growth of textile chemicals mfr like Fineotex.
Other announcement related to textile sector:
Source: CRISIL Intelligence report
can you please share the entire report here
The data from SOIC says its 20X increase in PLI for textile. Anyone with better knowledge can suggest what is correct figure.
As per the image, growth its 25x growth, which is equal to 2451% in percentage terms, where’s the confusion?
Ohh…my bad, missed that your image had percentage.
So a good potential for textile sector to grow.
Thanks. Here are a few companies I am tracking in the segment:
- FCL
- PGIL (Pearl Global)
- NITIN SPINNERS
- VARDHAMAN TEXTILE
- GARWARE TECH
Finally after a long wait, company has recd approval from Government of India for its Aquastrike product; need to monitor the status of its approval in WHO
Good read on potential impact of tariff on textile sector: