Saraswati Saree Depot Limited — Updates, 12-11-2024: Press Release

H1 FY25 total revenue for Saraswati Saree Depot Ltd. reached Rs. 296.6 Crore, marking a year-over-year increase of 13.9%. EBITDA expanded to Rs. 20.2 Crore, up by 21.3%, while PAT surged by 29.9% to Rs. 15.7 Crore. The company is now debt-free, enhancing its financial flexibility.

In Q2 FY25, revenue from operations was Rs. 164.75 Crore, up 26.48% YoY, driven by a strong festive season and demand in seasonal exhibitions. EBITDA for the quarter stood at Rs. 12.32 Crore, yielding a PAT of Rs. 9.57 Crore, reflecting solid operational performance.

Recent developments include the inauguration of a strategic purchase office in Surat, expected to streamline procurement and reduce costs. The company plans to invest up to Rs. 3.5 Crore in advanced machinery to boost production efficiency and diversify supply chain risks. The management expresses optimism about future growth opportunities through these strategic initiatives.