Mumbai, February 10, 2025 – Fiberweb (India) Limited (BSE: 507910 | NSE: FIBERWEB) has released its standalone unaudited financial results for the quarter and nine months ended December 31, 2024.
Financial Highlights (Standalone)
Quarter Ended December 31, 2024 (Q3 FY25)
| Particulars | Q3 FY25 (₹ Lakhs) | Q2 FY25 (₹ Lakhs) | Q3 FY24 (₹ Lakhs) | YoY Growth % |
|---|---|---|---|---|
| Net Sales (Excl. Excise) | 2,518.35 | 2,500.70 | 1,468.75 | 71.5% |
| Total Income | 2,521.35 | 2,564.87 | 1,495.10 | 68.7% |
| EBITDA (Operating Profit) | 427.03 | 404.19 | 125.67 | 239.8% |
| Net Profit | 355.03 | 354.19 | 154.28 | 130.1% |
| EPS (₹ per share) | 1.23 | 1.23 | 0.54 | 127.8% |
Nine Months Ended December 31, 2024 (9M FY25)
| Particulars | 9M FY25 (₹ Lakhs) | 9M FY24 (₹ Lakhs) | YoY Growth % |
|---|---|---|---|
| Net Sales (Excl. Excise) | 7,453.08 | 6,531.74 | 14.1% |
| Total Income | 7,594.10 | 6,689.25 | 13.5% |
| EBITDA (Operating Profit) | 1,211.03 | 423.45 | 186.1% |
| Net Profit | 999.03 | 374.48 | 166.8% |
| EPS (₹ per share) | 3.47 | 1.30 | 166.9% |
Key Performance Insights
- Strong Revenue Growth: The company's revenue surged 71.5% YoY in Q3 FY25, reflecting increased demand for its polymer processing products.
- Profitability Expansion: Net profit increased 130.1% YoY in Q3, driven by higher revenues and operational efficiencies.
- Sustained Performance in 9M FY25: Net profit for the nine-month period jumped 166.8% YoY, indicating robust business momentum.
- Earnings per Share (EPS): The EPS improved significantly to ₹3.47 for the nine-month period, compared to ₹1.30 in the same period last year.
Operational and Strategic Highlights
- Product Focus: The company primarily operates in Polymer Processing and related activities.
- Regulatory Compliance: The financial results comply with IND AS standards and SEBI’s disclosure norms.
- Tax Adjustments: Income tax provisions were made at prevailing rates, with adjustments accounted for.
Management Commentary
Pravin V. Sheth, Chairman Emeritus & Director of Fiberweb (India) Limited, stated:"Our robust financial performance in Q3 FY25 underscores our commitment to operational excellence and market expansion. We remain focused on leveraging growth opportunities in polymer processing while maintaining financial prudence."
Outlook
- The company expects continued revenue growth driven by higher demand in the nonwoven fabrics sector.
- Profitability is anticipated to remain strong as operational efficiencies and cost controls take effect.
- Expansion and diversification strategies in polymer processing remain a key focus area for future growth.