Remsons Industries net profit soars 11 in Q2 FY25

Mumbai, November 14, 2024: – Remsons Industries Ltd, an automotive OEM components manufacturer supplying to two, three and four-wheeler vehicles, commercial vehicles and off highway vehicles all over India and automotive OEM’s globally, has announced financial results for the quarter and half year ended September 30, 2024.

For Q2 FY25, Remsons registered a revenue of Rs. 913 million, marking a 20% increase as compared to Rs. 763 million in Q2 FY24. PBT and PAT figures also showed upward trends at 14% and 11% increases, respectively. EBITDA stood at Rs. 75 million in Q2 FY25, as compared to Rs. 82 million in Q2 FY24, while PAT stood at Rs. 31 million in Q2 FY25, vis-à-vis Rs. 28 million in Q2 FY24.

For H1 FY25, Remsons reported Revenue growth at Rs. 1678 million as compared to Rs. 1491 million in H1 FY24. The company's EBITDA stood at Rs. 140 million in H1 FY25, as compared to Rs. 148 million in H1 FY24, growing by 8%. PBT grew by nearly 22% and PAT by 22%.

Commenting on the results, Krishna Kejriwal, Managing Director said, “I am pleased to announce that Remsons Industries has had a better performance in 2Q & 1HFY25. In 2QFY25, our revenue grew by 20% YoY, reaching ₹913 million. EBITDA for the quarter was ₹75 million, resulting in an 8% margin. Notably, our net profit increased significantly by 10% year-on-year to ₹31 million, reinforcing our strong financial standing. We are firmly on track to achieve our target of ₹9,000-₹10,000 million by FY28.

This remarkable achievement can be attributed to strategic initiatives, including a focus on higher-value products, improvements in operational efficiency, and strong export realizations. Looking ahead, we are confident in our future-ready position.

Our positive outlook is further strengthened by our belief that our growth trajectory will significantly benefit from strategic partnerships, including synergistic joint ventures, acquisitions, and collaborations. In line with this vision, we recently acquired BEE Lighting, UK, a company specializing in automotive lighting. This is our Second Acquisition in this year.

As always, we remain dedicated to creating shareholder value with unwavering passion and commitment. In the upcoming quarters, we will continue to focus on enhancing our business model by advancing up the value chain, ensuring our ongoing success.”

(Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.). PTI PWR
PWR

(This story has not been edited by THE WEEK and is auto-generated from PTI)