Rockingdeals Circular Economy Limited — Updates, 15-11-2024: Press Release

Rockingdeals Circular Economy Limited reported significant growth in its H1 FY25 performance. Total income surged to ₹214.0 crore, reflecting a year-on-year increase of 36.81%. EBITDA rose by 128.40% to ₹5.23 crore, with margins expanding by 981 basis points to 24.45%. Profit After Tax (PAT) increased by 122.14% to ₹3.20 crore, also achieving a PAT margin gain of 573 basis points to 14.93%. EPS grew by 45.99% to ₹5.65.

The company aims for further expansion, targeting over 20 brand partnerships and intending to enter international markets, specifically Dubai. Rockingdeals is enhancing its presence in tier-two Indian cities and developing a 360-degree circular economy solution that includes e-waste management and an integrated e-commerce model. The strategic development of retail outlets through company-owned stores and franchises positions the firm for continued growth and value creation. Positive outlook ahead as they capitalize on these initiatives.