Plastiblends India Limited — Board Meeting, 16-01-2025: Outcome of Board Meeting

The Board has announced a board meeting, during which it approved the un-audited financial results for the quarter and nine months ended December 31, 2024. Revenue from operations stood at ₹184.37 Cr, with a Q-o-Q drop of 0.52%. EBITDA rose to ₹13.42 Cr, reflecting an 8.16% increase. Furthermore, the board approved the expansion of the Engineering Plastic Division at Palsana, highlighting strategic growth despite challenging market conditions. The positive trajectory in EBITDA and PBT margins suggests potential resilience against demand slowdowns in urban areas.