Mumbai, January 30, 2025 – Sarla Performance Fibers Ltd (NSE: SARLAPOLY, BSE: 526885) has announced its financial results for the third quarter and nine months ended December 31, 2024. The company’s board has also approved a new Employee Stock Option Plan (ESOP) and scheduled a postal ballot for shareholder approval.
Key Financial Highlights (Standalone & Consolidated)
Standalone Performance (₹ in Lakhs)
| Particulars | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 | FY2024 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 9,992.64 | 11,389.19 | 9,594.33 | 32,435.50 | 27,682.37 | 38,217.12 |
| Total Income | 9,952.65 | 12,599.93 | 10,144.95 | 34,673.25 | 29,384.09 | 40,256.42 |
| Total Expenses | 8,487.41 | 10,006.04 | 8,937.32 | 28,365.00 | 25,917.30 | 35,307.67 |
| EBITDA (Excluding Exceptional Items) | 2,856.11 | 3,229.81 | 2,483.76 | 9,054.94 | 7,556.76 | 10,574.25 |
| Profit Before Tax | 1,465.25 | 2,153.89 | 1,207.63 | 5,868.26 | 3,466.79 | 4,948.76 |
| Net Profit After Tax (PAT) | 1,185.43 | 1,501.07 | 903.70 | 4,369.55 | 2,594.27 | 3,715.25 |
| Earnings Per Share (EPS) (₹) | 1.42 | 2.32 | 1.08 | 5.76 | 3.11 | 4.45 |
Consolidated Performance (₹ in Lakhs)
| Particulars | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 | FY2024 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 10,144.36 | 11,179.91 | 9,550.80 | 32,236.28 | 27,259.91 | 37,757.05 |
| Total Income | 10,198.81 | 12,601.47 | 10,198.81 | 34,937.68 | 29,475.80 | 40,420.06 |
| Total Expenses | 9,047.09 | 10,020.22 | 9,047.09 | 28,465.21 | 26,473.22 | 35,911.82 |
| EBITDA (Excluding Exceptional Items) | 2,554.70 | 3,203.36 | 2,554.70 | 9,038.22 | 7,582.49 | 10,596.00 |
| Profit Before Tax | 1,151.72 | 2,581.25 | 1,151.72 | 6,472.47 | 3,002.59 | 4,508.25 |
| Net Profit After Tax (PAT) | 847.78 | 1,928.42 | 847.78 | 4,973.77 | 2,130.07 | 3,272.05 |
| Earnings Per Share (EPS) (₹) | 1.02 | 5.95 | 1.02 | 5.95 | 2.57 | 3.94 |
Segment-Wise Performance
Yarn Segment:- Revenue: ₹9,928.58 Lakhs in Q3 FY2025, up from ₹9,178.46 Lakhs in Q2 FY2025.
- Profit Before Tax (PBT): ₹2,441.16 Lakhs in Q3 FY2025, up from ₹2,174.44 Lakhs in Q2 FY2025.
- Revenue: ₹75.81 Lakhs in Q3 FY2025, down from ₹258.00 Lakhs in Q2 FY2025.
- PBT: Loss of ₹8.93 Lakhs in Q3 FY2025, compared to a profit of ₹57.03 Lakhs in Q2 FY2025.
Key Corporate Developments
- Approval of ESOP Scheme 2025:
- The Board approved the Sarla Performance Fibers Limited Employee Stock Option Plan (ESOP) 2025, allowing the issuance of up to 41,75,150 stock options (5% of paid-up equity capital).
- The ESOP will be subject to shareholder approval via postal ballot.
- Exercise price will be at face value or higher, as determined by the Nomination and Remuneration Committee.
- Postal Ballot and Shareholder Approval Process:
- e-Voting Period: February 5, 2025 – March 6, 2025.
- Scrutinizer’s Report & Results Declaration: March 8, 2025.
- Scrutinizer Appointed: CS Swati Gupta (Practicing Company Secretary).
Management Commentary
Krishna M. Jhunjhunwala, Managing Director of Sarla Performance Fibers Ltd, commented:"Despite challenging market conditions, our consistent focus on operational efficiencies and cost management has yielded strong results. We continue to strengthen our core yarn business while leveraging opportunities in renewable energy through our wind power segment. The introduction of the ESOP Scheme 2025 further aligns our workforce with our growth vision, driving long-term value creation."
Strategic Outlook
- Expansion & Diversification:
- The company continues to explore new markets and product innovations to sustain revenue growth.
- Operational Efficiency:
- Measures are in place to improve inventory management and optimize costs.
- Shareholder Value Enhancement:
- The ESOP scheme aims to improve employee retention and long-term growth alignment.
- Wind Power Performance:
- The company plans to reassess its wind energy segment and evaluate potential improvements.