Deepak Spinners Limited Reports Q3 FY2025 Financial Results

Mumbai, January 30, 2025 – Deepak Spinners Limited has released its unaudited financial results for the third quarter ended December 31, 2024, in compliance with regulatory guidelines.

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Financial Highlights (₹ in Lakhs)​

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Segment Performance & Key Observations​

• Revenue from operations grew 13.6% YoY, reaching ₹13,196 lakhs in Q3 FY25 compared to ₹11,611 lakhs in Q3 FY24.
• Raw material costs increased to ₹8,301 lakhs, impacting overall profitability.
• Employee benefits expenses remained stable at ₹1,892 lakhs.
• Finance costs saw a slight decline from ₹106 lakhs in Q2 FY25 to ₹88 lakhs in Q3 FY25.
• The company reported a net loss of ₹45 lakhs, compared to a profit of ₹423 lakhs in the same period last year.

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Financial Position & Indebtedness​

As of December 31, 2024, Deepak Spinners reported zero outstanding debt, including:

• Cash credit & bank borrowings: Nil
• Unlisted debt securities (NCDs/NCRPS): Nil
• Total financial indebtedness: Nil

This highlights a strong balance sheet position with no leverage.

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Management Commentary​

The company remains focused on operational efficiency and market expansion. Despite challenges in raw material costs, demand for its products remains strong, with an optimistic outlook for recovery in the upcoming quarters.

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Outlook​

• Continued focus on cost optimization and supply chain efficiency.
• No pending debt obligations provide flexibility for future growth investments.
• Expected seasonal demand pickup in the next quarter could improve profitability.

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Conclusion​

While Deepak Spinners Limited faced profitability challenges in Q3 FY25, its robust revenue growth and debt-free status position the company well for the future. Investors will be keenly watching how the company navigates cost pressures in the coming months.