Mumbai, January 30, 2025
Gulshan Polyols Limited (NSE: GULPOLY, BSE: 532457) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, showcasing significant revenue growth, particularly in its ethanol (bio-fuel) segment.
Key Financial Highlights (Standalone)
| Particulars (₹ in Lakhs) | Q3 FY2025 | Q3 FY2024 | YoY Growth (%) | 9M FY2025 | 9M FY2024 | YoY Growth (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 60,976.45 | 37,108.17 | 64.3% | 150,479.54 | 97,238.44 | 54.7% |
| Total Income | 61,050.26 | 37,410.45 | 63.2% | 150,887.80 | 98,317.38 | 53.4% |
| EBITDA | 2,759.24 | 1,855.17 | 48.7% | 6,162.99 | 3,260.47 | 89.0% |
| Profit Before Tax (PBT) | 909.83 | 801.36 | 13.5% | 2,401.67 | 1,946.43 | 23.4% |
| Net Profit After Tax (PAT) | 677.53 | 464.55 | 45.8% | 1,776.68 | 1,127.35 | 57.6% |
| EPS (₹ per share) | 1.09 | 0.74 | 47.3% | 2.85 | 1.81 | 57.5% |
Segment Performance (Standalone)
| Segment | Q3 FY2025 (₹ Lakhs) | Q3 FY2024 (₹ Lakhs) | YoY Growth (%) |
|---|---|---|---|
| Ethanol (Bio-Fuel) | 40,536.85 | 16,090.43 | 151.9% |
| Grain Processing | 18,061.48 | 18,598.42 | -2.9% |
| Mineral Processing | 2,378.12 | 2,419.32 | -1.7% |
- Ethanol (Bio-Fuel) Segment remains the strongest performer, with a remarkable 151.9% YoY revenue increase, significantly contributing to overall company growth.
- Grain Processing and Mineral Processing segments saw marginal declines in revenue.
Consolidated Financial Performance
| Particulars (₹ in Lakhs) | Q3 FY2025 | Q3 FY2024 | YoY Growth (%) | 9M FY2025 | 9M FY2024 | YoY Growth (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 60,076.45 | 37,108.17 | 62.0% | 150,479.54 | 97,238.44 | 54.7% |
| Net Profit After Tax (PAT) | 674.79 | 462.96 | 45.8% | 1,766.02 | 1,118.27 | 57.9% |
| EPS (₹ per share) | 1.08 | 0.74 | 45.9% | 2.83 | 1.79 | 58.1% |
- The consolidated numbers remain in line with standalone performance, affirming the strength of the company's core business.
- The company's wholly-owned subsidiary Gulshan Overseas FZCO, UAE, had negligible revenue contribution.
Management Commentary
Dr. Chandra Kumar Jain, Chairman & Managing Director, stated:Strategic Outlook
- The ethanol business is expected to remain the key growth driver, aligned with the Indian government's push for ethanol blending in fuel.
- The company is exploring capacity expansion and new product development in the grain processing segment to regain traction.
- Sustained cost control measures and operational efficiency improvements are expected to bolster margins.
Investor Insights
- Stock Performance: Investors are likely to remain bullish, given the strong revenue momentum.
- Growth Potential: Expansion in ethanol production aligns well with India’s push towards clean energy.
- Valuation: The stock's earnings per share (EPS) growth of 57.5% YoY could drive positive market sentiment.