Windsor Machines Limited (BSE: 522029 | NSE: WINDMACHIN) has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company’s board approved the financial statements along with key strategic decisions in its meeting held on February 1, 2025.
Key Financial Highlights (Standalone)
Particulars
Q3 FY2025 (₹ Lakhs)
Q2 FY2025 (₹ Lakhs)
Q3 FY2024 (₹ Lakhs)
9M FY2025 (₹ Lakhs)
9M FY2024 (₹ Lakhs)
FY2024 (₹ Lakhs)
Revenue from Operations
10,721.21
5,838.18
8,409.92
24,475.66
23,446.62
33,992.90
Total Income
10,797.25
5,839.72
8,489.23
24,604.32
23,633.03
34,255.69
EBITDA
1,253.57
448.21
1,011.67
2,610.07
2,648.72
5,589.51
Profit Before Tax (PBT)
833.00
(874.02)
408.22
(201.34)
543.57
551.81
Net Profit After Tax (PAT)
812.72
(2,344.16)
298.28
(1,657.74)
391.96
342.09
Earnings Per Share (₹)
1.25
(3.61)
0.46
(2.55)
0.60
0.53
The company recorded a YoY revenue growth of 27.5%, with a substantial QoQ growth of 83.7%.
Net profit stood at ₹812.72 lakhs, rebounding from a loss of ₹2,344.16 lakhs in the previous quarter.
Earnings per share (EPS) improved significantly to ₹1.25 from a negative EPS of ₹3.61 in Q2.
Segment-Wise Performance (Standalone)
Segment
Q3 FY2025 Revenue (₹ Lakhs)
Q2 FY2025 Revenue (₹ Lakhs)
Q3 FY2024 Revenue (₹ Lakhs)
9M FY2025 (₹ Lakhs)
9M FY2024 (₹ Lakhs)
Extrusion Machinery
5,037.72
2,328.88
4,467.62
10,376.33
10,854.63
Injection Moulding Machinery
5,750.81
3,503.68
4,015.71
14,199.85
12,757.04
The Extrusion Machinery division grew by 12.8% YoY and 116.3% QoQ.
The Injection Moulding Machinery division saw a 43.2% YoY growth and a 64.2% QoQ growth.
Key Corporate Developments
Board Appointments
Mr. Rohit Sojitra was appointed as Company Secretary & Compliance Officer, effective February 1, 2025.
Mr. Hitendrabhai Hasmukhbhai Patel was appointed as Additional Director (Executive, Non-Independent), subject to shareholder approval in the upcoming General Meeting.
Financial Settlements & Liabilities
Executed a one-time settlement (OTS) for inter-corporate loans amounting to ₹5,880.65 lakhs, receiving an upfront payment of ₹1,875 lakhs, with the balance due by June 30, 2025.
Wintal Machines SRL (Italy), a wholly-owned subsidiary, has been liquidated under judicial proceedings as of December 30, 2024. The company has already provided for the total investment and does not expect further financial recoveries.
The Income Tax Department ruled against the company’s past appeals, leading to a provision of ₹1,548.33 lakhs for tax liabilities.
Consolidated Financial Performance
Particulars
Q3 FY2025 (₹ Lakhs)
Q2 FY2025 (₹ Lakhs)
Q3 FY2024 (₹ Lakhs)
9M FY2025 (₹ Lakhs)
9M FY2024 (₹ Lakhs)
Revenue from Operations
10,765.40
5,941.19
8,703.38
24,790.01
24,533.14
Total Income
10,850.25
5,944.45
8,789.51
24,940.73
24,746.08
Net Profit After Tax (PAT)
4,167.86
(3,667.73)
167.05
91.79
(23.65)
The consolidated results reflect a strong recovery, primarily driven by a ₹3,790.71 lakhs gain from the liquidation of Wintal Machines.
Outlook & Strategic Direction
The company expects strong revenue momentum in the Extrusion and Injection Moulding divisions, driven by increased orders and operational efficiencies.
The divestment of its stake in RCube Energy Storage Systems Pvt Ltd. is expected to reduce financial lossesfrom this segment.
Windsor Machines continues to focus on deleveraging its balance sheet while exploring new growth opportunities in the machinery sector.
Conclusion
Windsor Machines Limited has showcased a notable turnaround in its financial performance in Q3 FY2025, bouncing back from previous losses. With strong revenue growth, cost optimization strategies, and settlement of past financial obligations, the company is positioning itself for a sustained recovery and future expansion.