Jyoti Resins and Adhesives Limited Reports Strong Q3 FY2025 Performance with 16% YoY Revenue Growth

Mumbai, January 30, 2025 – (BSE: 514448)​

Jyoti Resins and Adhesives Limited reported its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company demonstrated strong revenue growth and profitability, bolstered by increased sales and operational efficiencies.

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Financial Highlights (₹ in Lakhs)​

• Revenue grew by 16% YoY in Q3 FY2025, reaching ₹7,109 lakh, up from ₹6,192 lakh in Q3 FY2024.
• Net profit increased 16% YoY to ₹1,906 lakh compared to ₹1,644 lakh in Q3 FY2024.
• Earnings per share (EPS) stood at ₹16 per share, reflecting sustained earnings momentum.

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Segment-Wise Performance​

• The company operates in a single reportable business segment, simplifying financial reporting.
• Strong domestic demand for synthetic wood adhesives contributed to the revenue surge.

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Operational Performance​

• Raw material costs declined marginally YoY to ₹2,065 lakh from ₹2,140 lakh in Q2 FY2025, improving gross margins.
• Employee benefits expenses stood at ₹789 lakh, showing an increase from ₹756 lakh in Q2.
• Sales promotion expenses remained high at ₹1,261 lakh, reflecting aggressive marketing initiatives.
• Tax expenses for Q3 FY2025 stood at ₹592 lakh, marginally higher than ₹507 lakh in Q3 FY2024.

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Management Commentary​

Utkarsh Patel, Managing Director, stated:
"Our performance in Q3 FY2025 showcases robust demand and operational efficiencies. We remain committed to delivering sustainable growth through innovation and market expansion."
Jagdish Patel, Chairman, added:
"With a strong financial position and a focus on brand enhancement, we are confident in achieving long-term value creation for our stakeholders."

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Strategic Outlook​

• Expansion in key domestic markets and potential new product offerings in the pipeline.
• Continued focus on brand-building initiatives to strengthen market position.
• Efforts to optimize supply chain costs and sustain profit margins.

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Audit Review​

The company’s financial results were reviewed by R. Kabra & Co. LLP, which did not identify any material misstatements in its limited review report.

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Conclusion​

Jyoti Resins and Adhesives Limited has posted strong revenue and profit growth for Q3 FY2025, reinforcing its market leadership in the adhesives segment. With a solid financial base and clear strategic initiatives, the company remains well-positioned for future expansion.