New Delhi, January 29, 2025 – Wonder Electricals Limited (NSE: WEL, BSE: 543449), formerly known as Wonder Fibromats Limited, has reported a significant surge in revenue and profitability for the third quarter of FY2024-25, demonstrating strong operational efficiency and financial resilience. The company also declared an interim dividend and announced plans to establish a new Limited Liability Partnership (LLP).
Financial Highlights
Revenue Growth and Profitability
For the quarter ending December 31, 2024, Wonder Electricals posted a total revenue of ₹22,190.75 lakh, marking a 69.4% increase from ₹13,120.49 lakh in the same period last year. This remarkable growth was driven by higher sales volumes and increased operational efficiency.For the nine months, revenue stood at ₹58,286.11 lakh, reflecting an 87.0% jump from ₹31,157.78 lakh in the previous year.
Profitability Metrics
The company reported a profit before tax (PBT) of ₹793.07 lakh for Q3 FY25, a sharp rise from ₹398.67 lakh in Q3 FY24. This represents a 99% year-over-year (YoY) growth.Profit after tax (PAT) for the quarter surged to ₹509.48 lakh, compared to ₹299.29 lakh in the same quarter last year, a 70.3% increase.
For the nine months, PAT stood at ₹739.05 lakh, up from ₹362.51 lakh in the corresponding period of the previous year, marking a 103.9% increase.
Operational Efficiency
The company’s cost of materials consumed stood at ₹19,436.73 lakh for Q3 FY25, compared to ₹11,838.22 lakh in Q3 FY24. Wonder Electricals effectively managed expenses to maintain profitability despite the increased input costs.Manufacturing expenses, administrative costs, and employee benefits also rose, reflecting the company’s expansion and increased scale of operations.
Earnings Per Share (EPS)
The basic and diluted EPS for Q3 FY25 stood at ₹0.38 per share, up from ₹0.22 per share in the same quarter of the previous year.Interim Dividend Declared
The Board of Directors declared an interim dividend of ₹0.10 per equity share (10% on face value of ₹1 per share) for FY2024-25. The record date for the dividend payment has been set as February 7, 2025, with the payout scheduled as per regulatory guidelines.Strategic Expansion: Formation of LLP
In a strategic move to expand its footprint in the electronics manufacturing sector, the Board approved the incorporation of an LLP. The proposed LLP, Integrated Motion & Control LLP or Electronic Solution LLP (subject to regulatory approval), will focus on manufacturing printed circuit boards (PCBs) and allied electronic products.- Investment: ₹1 crore (₹100 lakh) will be invested in the LLP.
- Company’s Stake: Wonder Electricals will hold 51% equity in the LLP.
- Industry Focus: The new entity will specialize in PCB manufacturing, flexible circuits, and electronic components.
Stock Market Performance and Outlook
Wonder Electricals’ strong financial performance and strategic expansion have positioned the company for sustained growth. With robust revenue gains, higher profitability, and a strategic foray into PCB manufacturing, the company is well-positioned to capitalize on India’s growing electronics industry.Analysts anticipate further growth as demand for energy-efficient and automation-related electrical products rises.