Himatsingka Seide Ltd. Results

Q2FY25 Quarterly Result Announced for Himatsingka Seide Ltd.

Textiles company Himatsingka Seide announced Q2FY25 results Consolidated Total Income for Q2FY25 stood at Rs 700.31 crore vs Rs 748.15 crore in Q2FY24. Consolidated EBITDA for Q2FY25 stood at Rs 144.55 crore vs Rs 156.30 crore in Q2FY24. The EBITDA Margin for Q2FY25 stood at 20.6% Vs 20.9% during Q2FY24. Consolidated EBIT for Q2FY25 stood at Rs 106.49 crore vs Rs 115.45 crore in Q2FY24. Consolidated PBT for Q2FY25 stood at Rs 25.76 crore vs Rs 43.06 crore in Q2FY24. Consolidated PAT for Q2FY25 stood at Rs 21.70 crore vs Rs 28.78 crore in Q2FY24. Shrikant Himatsingka, Executive Vice Chairman and Managing Director, said: “Our Q2FY25 financial performance remained range bound as we were focused on consolidating our operating performance and metrics. We remain focused on increasing our capacity utilisation levels and market share across key regions and channels we operate in. Himatsingka is working to grow its India presence and therefore the domestic market will remain a strategic priority for us in the medium term.” “We are also pleased with the successful completion of the QIP. This capital infusion aligns with our strategy to strengthen our Balance Sheet and position us for sustainable growth”.

Q1FY25 Quarterly Result Announced for Himatsingka Seide Ltd.

Textiles company Himatsingka Seide announced Q1FY25 results: Consolidated Total Income for Q1FY25 stood at Rs 738.08 crore vs Rs 686.54 crore in Q1FY24, an increase of 7.5% YoY. Consolidated EBITDA for Q1FY25 stood at Rs 148.90 crore vs Rs 152.09 crore in Q1FY24. The EBITDA Margin for Q1FY25 stood at 20.2% Vs 22.2% during Q1FY24. Consolidated EBIT for Q1FY25 stood at Rs 111.26 crore vs Rs 110.74 crore in Q1FY24. Consolidated PBT for Q1FY25 stood at Rs 29.43 crore vs Rs 44.37 crore in Q1FY24. Consolidated PAT for Q1FY25 stood at Rs 20.56 crore vs Rs 29.15 crore in Q1FY24. Commenting on the Company’s performance, Shrikant Himatsingka, Executive Vice Chairman & Managing Director said: “Our Q1FY25 financial performance remained stable as we were focused on consolidating our operating performance and metrics. We remain focused on increasing our capacity utilisation levels and market share across key regions and channels we operate in. Himatsingka is working to grow its India presence and therefore the domestic market will remain a strategic priority for us in the medium term.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Himatsingka Seide Ltd.

Textiles company Himatsingka Seide announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated Total Income for Q4FY24 stood at Rs 702.80 crore vs Rs 691.88 crore in Q4FY23, a increase of 1.6% YoY. Consolidated EBITDA for Q4FY24 grew by 21.1% and stood at Rs 150.55 crore vs Rs 124.30 crore in Q4FY23. The EBITDA Margin for Q4FY24 stood at 21.4% Vs 18.0% during Q4FY23. Consolidated EBIT for Q4FY24 stood at Rs 112.91 crore vs Rs 84.30 crore in Q4FY23. Consolidated PBT for Q4FY24 stood at Rs 30.06 crore vs Rs 35.87 crore in Q4FY23. Consolidated PAT for Q4FY24 stood at Rs 23.74 crore vs Rs 22.35 crore in Q4FY23. FY24 Financial Highlights: Consolidated Total Income for FY24 stood at Rs 2,862.59 crore vs Rs 2,752.76 crore in FY23, an increase of 4.0% YoY. Consolidated EBITDA for FY24 grew by 78.4% and stood at Rs 617.33 crore vs Rs 346.04 crore in FY23. The EBITDA Margin for FY24 stood at 21.6% vs 12.6% during FY23. Consolidated EBIT for FY24 stood at Rs 459.24 crore vs Rs 182.01 crore in FY23. Consolidated PBT for FY24 stood at Rs 162.77 crore vs loss of Rs 75.23 crore in FY23. Consolidated PAT for FY24 stood at Rs 112.83 crore vs loss of Rs 64.08 crore in FY23 Commenting on the Company’s performance, Shrikant Himatsingka, Executive Vice Chairman & Managing Director said: “Our Q4 financial performance remained stable as we were focused on consolidating our operating performance and metrics. We remain focused on increasing our capacity utilisation levels and market share across key regions and channels we operate in. Himatsingka is working to grow its India presence and therefore the domestic market will remain a strategic priority for us in the medium term.”

Q1FY24 Quarterly Result Announced for Himatsingka Seide Ltd.

Textiles company Himatsingka Seide announced consolidated Q1FY24 results: Total Income for Q1FY24 stood at Rs 686.54 crore vs Rs 679.02 crore in Q1FY23, increase of 1.1% YoY. EBITDA for Q1FY24 was Rs 152.09 crore vs Rs 52.02 crore in Q1FY23. EBITDA Margin for Q1FY24 stood at 22.2%. EBIT for Q1FY24 stood at Rs 110.74 crore vs Rs 10.79 crore in Q1FY23. PBT for Q1FY24 stood at Rs 44.37 crore vs a loss of Rs 57.77 crore in Q1FY23. PAT for Q1FY24 stood at Rs 29.15 crore vs a loss of Rs 54.73 crore in Q1FY23. Commenting on the Company’s performance, Shrikant Himatsingka, Executive Vice Chairman and Managing Director said, “Our Q1FY24 operating performance witnessed progressive improvement in line with our expectations. We remain focused on continuing to increase our capacity utilisation levels and market share across key regions and channels we operate in. In addition, deleveraging and improving working capital cycles continue to be central to our operating strategy going forward.”