Blockbuster results Q1FY25.
Highest ever Consolidated Quarterly PBT crossing ₹ 100 crores
Revenues at ₹ 474.5 crores, up by 25.0% Y-o-Y
EBIDTA at ₹ 130.0 crores, up by 78.7% Y-o-Y
PBT at ₹ 117.5 crores, up by 100.7% Y-o-Y
PAT at ₹ 88.4 crores, up by 102.2% Y-o-Y
Consolidated Quarterly Performance (Q1 FY25 vs Q1 FY24):
Gross Revenue increased sharply by 25.0% Y-o-Y, supported by continued growth
momentum in Sun Control Films (SCF) and Paint Protection Films (PPF) businesses.
Strong efforts in Sales and Marketing led to a substantial increase in high end SCF and PPF
business. The architectural segment of SCF witnessed high growth with the introduction
of new products. EBITDA witnessed a commendable growth of 78.7% Y-o-Y and 44.9% Q-o-Q
owing to better performance from the Specialty segments. Overall, PAT improved by 102.2% Y
o-Y and 52.8% Q-o-Q on account of a better product mix and better realisation of the specialty
products.
Commenting on the results, Dr S. B. Garware, Chairman and Managing Director, said: ” We have entered FY25 with an exceptional Q1 performance, propelled by the continued momentum in Solar Control Films and Paint Protection Films. Our strategic focus on innovation and market expansion, along with our commitment to superior-quality, value-added products and effective marketing positioned us well to maintain our growth trajectory.”
Ms Monika Garware, Vice Chairperson and Joint Managing Director,
Our robust quarterly performance of highest ever sales and profitability achieved through increased contribution of high-end value-added products across all segments despite the continuing global uncertainty. We foresee this momentum to continue way forward with our state-of-the-art manufacturing facilities, excellence in R&D, and strong global distribution network.”
Business Updates:
Solar Control Film (SCF)
SCF protection has properties like heat and UV Ray rejection, safety, privacy and aesthetic
look. SCF is used largely applied on glass surface of the vehicle. It is also widely used in
Architectural Office/residential windows. SCF business achieved record revenue growth
in Q1FY25 compared to Q1FY24. This performance is attributed to an increased sales of
high-end value-added products and penetration to new geographies. The introduction of
new products like Spectra Pro and Decovista have started getting good response from the
market.
Paint Protection Film (PPF)
PPF protects your vehicle’s paint from unsightly damage and maximizes re-sale value.
Some of its features include Self-healing, Higher Shine, Stain Resistance and Superior
Optical Clarity. With the introduction of full range of products including top notch Titanium
series, Matte, White and Black series, PPF is witnessing strong momentum.
IPD Business
IPD business witnessed recovery in both specialty and commodity segments with
marginal growth in Q1FY25. Focused approach towards high end products like lidding
films, PCR / floatable shrink films is leading to margin improvement in the segment.
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