Mumbai, January 29, 2025 – Allied Blenders and Distillers Limited (BSE: 544203 | NSE: ABDL) has announced its Q3 FY25 financial results, showing robust revenue growth and a return to profitability after previous losses. The company reported a standalone revenue of ₹2,34,218.78 lakh, reflecting its continued market leadership in India’s alcoholic beverages industry.
Financial Highlights
Standalone Q3 FY25 Performance
- Revenue from Operations: ₹2,34,218.78 lakh, up from ₹2,02,910.49 lakh in the previous quarter.
- Total Income: ₹2,34,571.39 lakh.
- Profit Before Tax (PBT): ₹8,101.32 lakh.
- Net Profit After Tax (PAT): ₹5,836.72 lakh, reversing a ₹366.89 lakh loss in the same quarter last year.
- Earnings Per Share (EPS): ₹2.09.
Nine-Month FY25 Performance
- Total Revenue: ₹6,13,824.48 lakh, a significant increase from ₹5,91,114.46 lakh in FY24.
- Net Profit: ₹11,900.14 lakh.
- EBITDA: ₹30,290.81 lakh, reflecting strong operational efficiency.
Operational and Strategic Developments
IPO Proceeds Utilization
- ABDL successfully raised ₹1,00,000 lakh in its IPO and listed on NSE and BSE on July 2, 2024.
- ₹72,000 lakh has been allocated for repaying borrowings, while ₹28,000 lakh is earmarked for general corporate purposes.
- ₹352.36 lakh remains unutilized as of December 31, 2024.
Canteen Stores Department (CSD) Dispute
- ABDL is contesting a ₹3,398.72 lakh demand from the Canteen Stores Department (CSD) over differential trade rates from 2012 to 2017.
- The company has filed for arbitration and expects a favorable outcome, citing a low probability of liability.
Income Tax Search Update
- An income tax search was conducted from December 11-17, 2023, covering ABDL’s offices and key personnel.
- No tax demand or operational impact has been reported.
- The company maintains that no adjustments or provisions are required in its financial statements.
Acquisition of Minakshi Agro Industries LLP
- ABDL acquired a controlling stake in Minakshi Agro Industries LLP for ₹7,200 lakh.
- The Maharashtra-based company specializes in grain-based distillation, supporting ABDL’s raw material supply chain.
Market Outlook & Future Strategy
Growth Drivers
- Expansion in Premium Alcohol Segment: ABDL is strengthening its premium whisky and vodka portfolio.
- Debt Reduction: IPO proceeds are helping improve the balance sheet.
- Diversified Revenue Streams: Recent acquisitions ensure substantial supply chain control and cost efficiencies.
Risks & Challenges
- Regulatory Uncertainty: Tax audits and CSD disputes could impact cash flows.
- Inflationary Pressures: Rising raw material and excise duty costs remain key challenges.