Filatex India Limited — Important, 12-11-2024: Financial Result Updates

**Consolidated Financial Summary**

Filatex India Limited reported a revenue of ₹1,049 crore for the quarter, reflecting a decrease of 5.1% year-over-year from ₹1,108 crore. The half-year revenue also showed a decline of 3.4%, amounting to ₹2,103 crore compared to ₹2,177 crore in the previous year. The company's EBITDA stood at ₹45.7 crore for the quarter, down from ₹54.2 crore last year, while half-year EBITDA increased to ₹106.6 crore, improving from ₹99.1 crore. Net profit for Q2 was ₹13.5 crore, a decline from ₹23.1 crore, but for the half-year, net profit rose to ₹45.8 crore from ₹40.7 crore.

Operational costs increased, with notable rises in material costs contributing to margin pressure. However, improvements in cost efficiency suggest effective management strategies despite reduced production volumes. The balance sheet indicates strong asset management, supporting the financial health of the company.

Looking ahead, the company's focus on market recovery and sustainability, particularly in recycled polyester, positions it well for potential growth.

Investor insight: A hold is suggested given the recent performance pressures but favorable long-term strategic initiatives.