Saraswati Saree Depot Limited — Updates, 13-11-2024: Press Release (Revised)

H1 FY25 for Saraswati Saree Depot Ltd. showed total revenue of Rs. 296.6 Crore, reflecting a YoY growth of 13.9%. EBITDA reached Rs. 20.2 Crore, marking a 21.3% increase, while PAT stood at Rs. 15.7 Crore, up 29.9% from the previous year. The company achieved a debt-free status, supported by improved operational efficiencies, leading to an EBITDA margin increase to 6.83%.

For Q2 FY25, revenue from operations was Rs. 164.75 Crore, a substantial 26.48% YoY increase, attributed to a strong festive season demand. EBITDA for the quarter reached Rs. 12.32 Crore, with a PAT of Rs. 9.57 Crore, up 22.85% YoY.

Recent initiatives include the leasing of a new 25,000 square foot space in Surat to enhance procurement capabilities. The company plans a strategic investment of up to Rs. 3.5 Crore in advanced machinery, targeting a ROCE of 30%. With a focus on growth and efficiency, Saraswati Saree Depot is well-positioned for future opportunities in the saree wholesaling sector. Positive outlook ahead!