January 31, 2025 – Mumbai
Flair Writing Industries Limited (BSE: 544030, NSE: FLAIR), a leading manufacturer of writing instruments and stationery, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The results were reviewed and approved by the Board of Directors during their meeting held today.
Key Financial Highlights (Consolidated)
| Particulars | Q3 FY25 (₹ Lakhs) | Q2 FY25 (₹ Lakhs) | Q3 FY24 (₹ Lakhs) | 9M FY25 (₹ Lakhs) | 9M FY24 (₹ Lakhs) | FY24 (₹ Lakhs) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 26,454.77 | 27,013.15 | 25,004.99 | 78,182.27 | 78,263.83 | 97,872.48 |
| Total Income | 27,107.29 | 27,523.00 | 25,088.55 | 79,635.01 | 79,952.35 | 99,435.58 |
| Total Expenses | 23,237.72 | 23,149.92 | 20,273.89 | 68,048.23 | 63,875.13 | 83,484.37 |
| Profit Before Tax | 3,879.46 | 4,373.28 | 2,811.16 | 11,792.38 | 11,331.42 | 15,881.01 |
| Net Profit (PAT) | 2,926.88 | 3,276.81 | 1,899.88 | 8,824.47 | 8,429.21 | 11,848.11 |
| EPS (₹ - Basic & Diluted) | 2.78 | 3.12 | 1.96 | 8.42 | 8.67 | 12.19 |
- Consolidated revenue for Q3 FY25 stood at ₹26,454.77 lakh, reflecting a 5.8% YoY growth, with a marginal dip (-2.1% QoQ).
- Net profit surged 54.1% YoY to ₹2,926.88 lakh, indicating strong operational efficiencies.
- EPS for Q3 FY25 improved to ₹2.78, compared to ₹1.96 in Q3 FY24.
Segment-Wise Performance
The company operates in a single reportable segment: Writing Instruments & Allied Products. Revenue growth was driven by increased domestic and international sales, along with improved product mix.Key Corporate Announcements
- IPO Utilization Update:
- The company raised ₹27,303.72 lakh from its IPO and has utilized ₹18,156.55 lakh as of December 31, 2024.
- The remaining ₹9,147.17 lakh is temporarily parked in fixed deposits.
- Subsidiary Performance: The company’s subsidiaries, including Flair Writing Equipments Private Limited and Flair Cyrosil Industries Private Limited, continued to contribute positively.
Management Commentary
Mr. Vimalchand Jugraj Rathod, Managing Director of Flair Writing Industries Limited, stated:Strategic Outlook & Market Positioning
- Expansion Plans: The company plans to invest in new manufacturing facilities to cater to growing demand.
- Innovation & Sustainability: Emphasis on eco-friendly writing instruments and R&D to enhance product quality.
- Investor Confidence: Strong financial performance and stable growth indicate positive future prospects.