Revenue and Profitability See Growth Amidst Retail and Channel Expansion
BENGALURU, February 3, 2025 – Shankara Building Products Limited (NSE: SHANKARA, BSE: 540425) announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported strong revenue growth driven by expansion in both the retail and channel & enterprise segments.Key Financial Highlights (Consolidated)
| Particulars (₹ in Crores) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,437.16 | 1,329.40 | 1,177.27 | 4,057.53 | 3,451.89 | 4,828.44 |
| Total Income | 1,437.79 | 1,330.40 | 1,179.06 | 4,059.69 | 3,454.72 | 4,833.68 |
| Total Expenses | 1,413.28 | 1,310.00 | 1,150.77 | 3,993.24 | 3,378.79 | 4,725.58 |
| EBITDA | 48.37 | 44.82 | 45.83 | 141.24 | 129.07 | 180.59 |
| Profit Before Tax (PBT) | 24.51 | 20.40 | 28.29 | 66.45 | 75.93 | 108.10 |
| Net Profit | 17.69 | 15.21 | 21.42 | 48.95 | 56.91 | 81.13 |
| Earnings Per Share (₹) | 7.29 | 6.27 | 9.06 | 20.19 | 24.62 | 34.67 |
Segment-Wise Performance
- Retail Revenue: ₹738.20 Cr in Q3 FY25, up from ₹702.90 Cr in Q2 FY25 and ₹623.94 Cr in Q3 FY24.
- Channel & Enterprise Revenue: ₹698.96 Cr in Q3 FY25, compared to ₹626.50 Cr in Q2 FY25 and ₹553.33 Cr in Q3 FY24.
Standalone Performance
| Particulars (₹ in Crores) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,290.66 | 1,238.54 | 1,179.44 | 3,707.21 | 3,541.33 | 4,862.73 |
| Profit Before Tax (PBT) | 23.16 | 17.75 | 25.48 | 61.36 | 65.70 | 92.92 |
| Net Profit | 16.79 | 13.24 | 19.30 | 45.36 | 49.26 | 69.86 |
| Earnings Per Share (₹) | 6.92 | 5.46 | 8.16 | 18.70 | 21.31 | 29.85 |
Corporate Developments
- Scheme of Arrangement: A restructuring plan involving Shankara Building Products Limited and Shankara Buildpro Limited is pending shareholder approval in a meeting scheduled for February 12, 2025.
- Debt & Defaults: The company has no outstanding loan defaults.
- Regulatory Compliance: Financial results adhere to Ind AS standards and SEBI Listing Obligations & Disclosure Requirements.
Management Commentary
Sukumar Srinivas, Managing Director, stated:"We are witnessing strong traction in the retail segment, supported by our strategic initiatives and operational efficiencies. Our focus on expanding our distribution network and optimizing costs has yielded solid results despite macroeconomic challenges. Moving forward, we remain committed to sustaining growth and enhancing shareholder value."
Outlook & Strategic Focus
- Expansion Plans: Strengthening retail footprint and increasing penetration in high-demand regions.
- Operational Efficiency: Cost optimization measures to improve margins.
- Technology & Supply Chain: Investments in digitization and inventory management to enhance efficiency.
Stock Performance & Investor Call
Investors and analysts are encouraged to join the upcoming earnings call where management will provide further insights into the results and growth strategy.