Ahmedabad, India – January 31, 2025
The Anup Engineering Limited (BSE: 542460 | NSE: ANUP) has reported its unaudited standalone and consolidated financial results for the third quarter (Q3) and nine months ended December 31, 2024, showcasing robust revenue growth and profitability.
Key Financial Highlights (₹ in Lakhs except per share data)
Consolidated Financials
| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 (31-Dec-24) | 9M FY24 (31-Dec-23) |
|---|---|---|---|---|---|
| Revenue from Operations | 17,160.12 | 19,314.11 | - | 51,073.49 | - |
| Total Income | 17,241.21 | 19,456.43 | - | 51,553.11 | - |
| EBITDA (Calculated) | 3,973.58 | 4,475.85 | - | 11,735.41 | - |
| Profit Before Tax (PBT) | 3,279.74 | 3,792.89 | - | 9,981.43 | - |
| Net Profit (PAT) | 3,021.40 | 3,253.26 | - | 8,676.74 | - |
| Earnings Per Share (EPS) – Basic | 15.11 | 16.32 | - | 43.50 | - |
Standalone Financials
| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 (31-Dec-24) | 9M FY24 (31-Dec-23) |
|---|---|---|---|---|---|
| Revenue from Operations | 17,087.10 | 18,787.32 | 12,840.14 | 50,302.88 | 39,346.22 |
| Total Income | 17,155.65 | 18,924.77 | 13,100.07 | 50,764.72 | 39,811.39 |
| EBITDA (Calculated) | 4,024.63 | 4,431.77 | 3,263.77 | 11,792.17 | 9,296.91 |
| Profit Before Tax (PBT) | 3,424.35 | 3,768.92 | 2,641.21 | 10,078.45 | 8,059.87 |
| Net Profit (PAT) | 3,136.85 | 3,231.45 | 2,016.76 | 8,752.64 | 6,044.75 |
| Earnings Per Share (EPS) – Basic | 15.69 | 16.21 | 10.18 | 43.88 | 30.51 |
Segment-Wise Performance
- The company operates in a single business segment of engineering products, including pressure vessels, reactors, storage tanks, heat exchangers, and heavy structural components.
- Revenue has seen a strong YoY growth, reflecting increased demand and operational efficiency.
Key Developments
Strategic Acquisition of Mabel Engineers Private Limited (MEPL)
- On March 15, 2024, Anup Engineering acquired 100% stake in Mabel Engineers Private Limited (MEPL) for ₹3,300 lakhs.
- The acquisition became effective on June 19, 2024 and is recognized provisionally under Ind AS 103 ‘Business Combinations’.
- MEPL specializes in engineering, fabrication, and erection solutions for pressure vessels, reactors, storage tanks, silos, and piping systems.
Bonus Share Issuance
- On April 26, 2024, the company issued bonus shares in a 1:1 ratio (one bonus equity share for every one existing equity share of ₹10).
Employee Stock Option Plan (ESOP)
- 24,000 equity shares were issued under ESOP in Q3 FY25 (compared to 101,500 shares in Q2 FY25).
Deferred Tax Adjustment
- The company reversed deferred tax liability of ₹234.73 lakhs related to the carrying value of land.
Management Commentary
Reginaldo Desouza, Managing Director of The Anup Engineering Limited, stated:Outlook & Market Positioning
- The company remains optimistic about sustained growth, leveraging acquisition synergies, cost efficiencies, and demand for specialized engineering products.
- Key growth drivers include:
- Expansion in industrial fabrication and heavy engineering segments.
- Government initiatives boosting domestic manufacturing and infrastructure projects.
- Strengthened order book visibility post the MEPL acquisition.