Linc Limited — Updates, 03-02-2025: Press Release

**Financial Highlights:** Linc Limited reported total income of ₹12,355 lakh for Q3 FY25, showing a slight decline of 0.9% YoY from ₹12,467 lakh, while revenue for 9M FY25 grew by 5.7% YoY to ₹39,227 lakh. Gross Profit increased by 2.9% YoY to ₹4,017 lakh, with a margin of 32.9%. EBITDA grew by 9.2% YoY to ₹1,599 lakh, achieving a margin of 12.9%. Profit After Tax (PAT) reached ₹872 lakh, up 15.3% YoY, with a margin of 7.1%. Earnings per Share (EPS) rose to ₹1.47, compared to ₹1.27 in Q3 FY24.

**Strategic Initiatives and Growth Drivers:** Despite revenue challenges in domestic sales due to trade slowdowns, Linc is expanding its portfolio and focusing on growth in exports, modern trade, and e-commerce—segments that are driving operational performance.

**Business Developments:** The company aims to broaden its product range, targeting an expanded Total Addressable Market (TAM) of ₹14,000-15,000 crore, particularly capitalizing on the ₹9,000 crore writing instruments sector.

**Market Position and Competitive Advantage:** Linc, a leading player in the writing instrument market, benefits from strong brand equity and distribution capability, which positions it well against competitors in a ₹38,500 crore stationery market.

**Investor Implications:** With a clear growth strategy and ongoing innovation efforts, Linc shows potential for sustained profitability and value creation for shareholders, even amidst current market headwinds.