MMP Industries Limited — Updates, 16-11-2024: Press Release

**Financial Highlights:** Total revenue for Q2 FY25 reached ₹1,454 million, reflecting a 15% increase compared to ₹1,268 million in Q2 FY24. EBITDA surged 46% to ₹119 million, resulting in an EBITDA margin improvement to 8.2% from 6.4% in the previous year. Profit After Tax (PAT) grew by 25% to ₹58 million.

**Strategic Initiatives and Growth Drivers:** MMP Industries has plans for expansion, with Phase I and II expected to contribute full revenue by Q2 FY25. The beneficial partnership with a European company is anticipated to broaden the product range and strengthen market presence globally. Additionally, the expansion into composite insulators targets the growing power sector.

**Business Developments:** Revenue from aluminium powders increased to ₹908 million, while aluminium foils and conductors also saw significant growth. Aluminium foils grew 28% to ₹354 million, and conductors surged 65% to ₹180 million.

**Market Position and Competitive Advantage:** MMP holds a diverse customer base across key sectors like pharmaceuticals and construction, reinforcing its status as a leading vendor. Growth metrics indicate a commitment to enhancing production capacity and optimizing quality, positioning the company well against competitors.

**Investor Implications:** Investors should monitor the ongoing expansions and partnerships, as the company's strategic direction suggests a positive outlook for growth and profitability in the coming quarters.