News: Revenue increased by 12.5% YoY (+5.8% QoQ) to ₹ 94.99 crore in Q2FY25. EBITDA increased by 13% YoY (+12.5% QoQ) to ₹20.36 crore. Subsequently, PAT was up by 18.7% YoY (+10.1% QoQ) at ₹ 13.66 crore. The EBITDA margin for the quarter increased by 127 bps YoY and 9 bps QoQ at 21.4%. For H1FY25 the revenue increased by 9.7% YoY to ₹184.74 crore while EBITDA increased by 10.2% and PAT by 15.4% to ₹ 38.4 crore and ₹ 26.07 crore, respectively.
Views: Overall performance for the healthy and came in line with the expectations. With capacity expansions across existing segments & venturing into new product segment (metal bellows), company remains focused on improving profitability through increasing overall share of better-margin products.
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