Hyderabad, India – January 28, 2025: Sai Silks (Kalamandir) Limited (NSE: KALAMANDIR, BSE: 543989) has announced its unaudited financial results for Q3 FY2024-25. The company posted strong revenue growth and steady profitability, recording a net profit of ₹61.53 crore, reflecting its continued expansion and demand for premium ethnic wear.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹448.56 crore (YoY increase of 17.3% from ₹382.45 crore)
- Total Income: ₹454.20 crore
- Profit Before Tax (PBT): ₹61.53 crore
- Net Profit (PAT): ₹61.53 crore (YoY increase of 23.7% from ₹50.07 crore)
- Earnings Per Share (EPS): ₹3.12 per share.
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹1,063.17 crore (YoY increase of 4.9% from ₹1,013.91 crore)
- Profit Before Tax (PBT): ₹182.27 crore (YoY increase of 35.5% from ₹134.68 crore)
- Net Profit (PAT): ₹182.27 crore
- Earnings Per Share (EPS): ₹7.51 per share.
Segment-Wise Performance
- Retail Sales Growth: Continued strong demand for premium ethnic and wedding wear.
- Inventory Adjustments: Lower inventory holding, improving cash flow efficiency.
- Expansion Strategy: New stores in key metro cities were opened to strengthen market presence.
Strategic Developments & Key Announcements
- IPO Utilization Update:
- ₹566.24 crore was raised through IPO, of which ₹367.04 crore was utilized as of December 31, 2024.
- Funds were allocated towards 30 new stores, warehouse expansion, working capital, and debt repayment.
- Stock Market Listing Growth:
- Shares listed on BSE & NSE in September 2023.
- Steady growth post-listing, backed by strong financial performance.
Management Commentary
Nagakanaka, Managing Director, Sai Silks (Kalamandir) Limited, stated:"Our consistent revenue growth and profitability underscore the strength of our brand in the ethnic wear market. We remain focused on store expansion, customer experience, and operational efficiency to drive long-term value creation.".
Market Outlook & Investor Takeaways
- Expansion into new geographies and store openings to drive revenue growth.
- Higher inventory efficiency and working capital management improve profitability.
- Steady post-IPO performance reinforcing investor confidence.