CARYSIL LIMITED — PPTs, 13-02-2025: Investor Presentation

**Financial Highlights:** Total income for 9MFY25 rose 24% YoY to Rs 614.9 Cr, driven by strong performance in the quartz sink segment and better results from the UAE subsidiary. However, Q3FY25 total income was Rs 205.5 Cr, slightly down from the previous quarter, influenced by seasonal factors and lower steel sink sales. Operating EBITDA in Q3FY25 was affected by increased material, freight, and marketing costs, alongside a notional forex loss due to GBP appreciation.

**Strategic Initiatives and Growth Drivers:** Carysil is focused on product optimization, infrastructure expansion, cost control, and broadening its customer base. A new factory is in the pipeline to support growth, and the company aims to achieve profitability in its US subsidiary by Q1FY26.

**Business Developments:** The company is experiencing robust interest in its steel sink offerings, indicating significant growth potential.

**Market Position and Competitive Advantage:** Carysil's efforts to deepen domestic market penetration via an expanded dealer network support its strategic roadmap.

**Investor Implications:** These developments suggest a positive outlook for Carysil, with strong growth prospects in existing and new markets, albeit on the watch for material costs and forex fluctuations.