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**Operational Highlights:**
Century Enka continues to be recognized as a leading producer of Nylon Filament Yarn and Nylon Tyre Cord Fabric in India, with a capacity of approximately 92,000 MTPA across its modern facilities in Pune and Bharuch. The demand for Nylon Tyre Cord Fabric (NTCF) faced challenges due to reduced truck and bus segment orders, partially mitigated by stability in the 2&3-wheeler segments. However, the company is cautiously optimistic about demand recovery in Q4 and FY26, as they anticipate the commercial production of Polyester Tyre Cord Fabric to commence in FY26.
**Financial Performance:**
In Q3-FY25, Century Enka reported operational revenue of INR 4,934 Mn, up 9.5% year-over-year, while EBITDA rose significantly to INR 272 Mn, reflecting a margin improvement to 5.51%. For the 9M-FY25 period, revenues increased 22.1% to INR 15,577 Mn, with EBITDA margins improving to 6.81%. The net profit for Q3 was INR 140 Mn, a notable turnaround compared to the previous year, and earnings per share (EPS) stood at INR 6.40.
**Investor Implications:**
The overall positive trajectory in financial performance, alongside strategic initiatives focused on high-margin products, points to potential growth opportunities for investors. However, vigilance is advised due to fluctuating raw material prices and ongoing competitive pressures within the market.