Revenue Surges to ₹9,024.75 Lakh; Net Profit at ₹655.96 Lakh
Rajkot, January 31, 2025 – Captain Polyplast Limited (BSE: 536974), a leading manufacturer of micro-irrigation systems, has announced its unaudited financial results for the quarter ending December 31, 2024. The company reported a robust increase in revenue and profitability, signaling steady growth in its operations.Key Financial Highlights (Standalone)
(₹ in Lakh)| Particulars | Q3 FY25 (Dec '24) | Q2 FY25 (Sep '24) | Q3 FY24 (Dec '23) | 9M FY25 (Apr-Dec '24) | 9M FY24 (Apr-Dec '23) | FY24 (Mar '24) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 9,024.75 | 5,325.81 | 8,250.35 | 20,839.29 | 22,554.93 | 29,432.10 |
| Total Income | 9,089.83 | 5,410.75 | 8,346.77 | 21,067.20 | 22,790.91 | 29,770.25 |
| Total Expenses | 8,201.88 | 5,062.69 | 7,722.44 | 19,462.98 | 27,219.61 | 27,589.56 |
| Profit Before Tax (PBT) | 887.95 | 348.06 | 574.33 | 1,604.22 | 1,571.30 | 2,180.69 |
| Net Profit | 655.96 | 1,612.19 | 462.07 | 2,523.29 | 1,165.06 | 1,623.54 |
| EPS (₹) (Basic & Diluted) | 1.18 | 1.45 | 0.92 | 2.50 | 2.31 | 3.14 |
Segment-Wise Performance
Captain Polyplast operates in two segments:- Micro Irrigation Systems & Allied Products – Contributed ₹9,017.94 lakh to the revenue.
- DCA cum CS of Indian Oil Corporation Ltd (IOCL) - Polymer Business – Added ₹90.41 lakh to the revenue.
Consolidated Financial Performance
On a consolidated basis, Captain Polyplast reported:- Revenue: ₹9,024.75 lakh
- Net Profit: ₹672.89 lakh
- Earnings Per Share (EPS): ₹1.21 (Basic & Diluted).
Corporate Announcements & Investor Updates
- Zero Pending Investor Complaints: The company reported no investor complaints as of December 31, 2024.
- Exceptional Gains: The financials include gains from the sale of equity shares in Captain Pipes Limited.
- Regulatory Compliance: The results comply with SEBI's Listing Obligations and Disclosure Requirements (LODR) 2015 and are available on BSE’s website.
Management Commentary
Mr. Ramesh D. Khichadia, Managing Director, stated:"Our strong revenue growth reflects the rising demand for micro-irrigation solutions. We continue to focus on operational efficiencies and strategic investments to enhance shareholder value."
Outlook
With increasing adoption of drip and sprinkler irrigation systems, Captain Polyplast remains well-positioned for continued revenue growth. The company is expected to benefit from government incentives for water conservation and precision irrigation technologies.Stock Performance & Investor Considerations With a solid earnings per share (EPS) of ₹2.50 for the nine-month period, Captain Polyplast presents a compelling investment case. Investors will closely monitor the company's expansion strategies and further developments in its polymer business.