Remsons Industries Limited — Updates, 12-11-2024: Press Release

Remsons Industries Ltd. reported a solid financial performance for the quarter and half-year ended September 30, 2024. In 2QFY25, revenue surged by 20% year-on-year to ₹913 million, while PAT rose by 11% to ₹31 million. For the first half of FY25, revenue growth was 13%, with PAT increasing by 22% to ₹58 million. The company also achieved TISAX certification, demonstrating its commitment to information security, and received a Gold Medal in Ecodavis Sustainability Assessment for ESG excellence. Strategic acquisitions included a 51% stake in BEE Lighting Ltd., a UK-based automotive lighting company, and a 55% stake in Remsons-Uni Autonics Private Ltd, further strengthening its portfolio. The management expressed confidence in reaching revenue targets of ₹9,000-₹10,000 million by FY28, attributing this to operational efficiency and synergetic partnerships. The outlook remains positive, emphasizing growth potential through strategic initiatives.