Gandhinagar, India | February 5, 2025
Shree Rama Multi-Tech Limited (BSE: 532310 | NSE: SHREERAMA) has released its unaudited financial results for the quarter and nine months ended December 31, 2024. The financials were approved by the company’s Board of Directors at their meeting held on February 5, 2025, and have been reviewed by the statutory auditors.
Key Financial Highlights (Standalone)
(Figures in ₹ Lakhs, except EPS)| Particulars | Q3 FY2025 (Dec 2024) | Q2 FY2025 (Sep 2024) | Q3 FY2024 (Dec 2023) | 9M FY2025 | 9M FY2024 | FY2024 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 5,289.52 | 5,280.06 | 4,347.16 | 14,867.35 | 13,082.1 | 17,769.88 |
| Total Income | 5,306.94 | 5,302.85 | 4,387.74 | 14,915.20 | 13,200.48 | 17,909.87 |
| Total Expenses | 4,780.59 | 4,775.02 | 4,137.07 | 13,440.26 | 12,547.52 | 16,913.38 |
| EBITDA | 732.62 | 726.47 | 352.51 | 2,095.66 | 1,208.48 | 1,830.06 |
| Profit Before Tax (PBT) | 526.35 | 528.83 | 210.67 | 1,474.94 | 661.96 | 996.49 |
| Net Profit (PAT) | 526.35 | 528.83 | 210.67 | 1,474.94 | 661.96 | 996.49 |
| Earnings Per Share (EPS) | 0.39 | 0.40 | 0.16 | 1.11 | 0.58 | 0.84 |
Segmental Performance
- The company operates in a single segment—manufacturing of packaging materials, including Lami-Tubes, Tube Laminates, Multilayer Films, and Flexible Laminates.
Corporate Updates
- Investment Write-off: The company has an investment of ₹13.06 lakh in equity shares and ₹18.60 lakh in share application money in its wholly owned subsidiary, Shree Rama (Mauritius) Limited. The subsidiary has been declared defunct under Mauritius law. Consequently, the company has made full provision for diminution in investment value in earlier years. Regulatory approval for a write-off under FEMA laws is pending.
- No Consolidated Financials: Due to the above-mentioned issue, the company could not prepare consolidated financial results as required under Ind AS 110 and the Companies Act, 2013.
- Auditor’s Review: The statutory auditors, Mahendra N. Shah & Co., reviewed the financials, highlighting non-consolidation of accounts for the Mauritius subsidiary as a qualification in their report.
Management Commentary
Mr. Hemal R. Shah, Whole-Time Director of Shree Rama Multi-Tech Ltd., commented: "Our strong revenue growth of over 21.7% YoY for the quarter demonstrates resilience in demand for our packaging solutions. The company continues to maintain operational efficiency, reflected in an improved EBITDA. We remain focused on optimizing costs and strengthening our financial position."Strategic Outlook
- The company expects continued growth in the packaging industry, driven by increasing demand from pharmaceuticals, FMCG, and food sectors.
- Shree Rama Multi-Tech Ltd. is looking to enhance its manufacturing capabilities and explore new markets for expansion.
- Management is closely monitoring regulatory requirements related to investment write-offs and will take appropriate action in due course.
Conclusion
Shree Rama Multi-Tech Limited has delivered consistent performance in Q3 FY2025, with strong revenue growth and steady profitability. Despite accounting challenges related to its defunct Mauritius subsidiary, the company maintains a positive operational trajectory.Stock Performance & Investor Outlook: Investors will watch for regulatory updates and future growth plans as the company navigates financial adjustments and industry opportunities.