S H Kelkar and Company Limited — Important, 12-02-2025: Updates

S H Kelkar and Company reported strong financial performance for the quarter and nine months ended December 31, 2024. Revenues from operations reached ₹1,556 crore, up 17.2% year-on-year, while Q3 revenues also grew by 15.2% to ₹543.2 crore. However, EBITDA for Q3 fell to ₹69.5 crore, reflecting an 8.3% decline, with an EBITDA margin of 12.9% compared to 16.2% the previous year, impacted by rising raw material costs. For the nine-month period, EBITDA improved to ₹238.6 crore, yielding a margin of 15.4%.

The company's Whole Time Director, Kedar Vaze, highlighted ongoing positive sentiment in the Indian market and steady demand in Europe as key growth drivers, despite facing raw material supply challenges that are expected to persist in the near term. Investments in new development centers signal a commitment to capturing a larger market share in the coming years. Overall, SHK maintains a cautiously optimistic outlook for the future, aiming for long-term growth through innovation and market expansion.