Banswara Syntex Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Banswara Syntex’s FY25 revenue rose 2% to INR1,307.5 Cr, led by 19% growth in Fabric. EBITDA dipped 2.8% to INR117.2 Cr (9% margin), while PAT fell to INR21.4 Cr due to higher finance costs and one-offs. Q4 revenue declined 1.6% to INR346.6 Cr; PAT dropped 38% amid labor shortages and shutdown costs. Yarn revenue fell 10% due to modernization. Fabric capacity utilization stood at 79% in Q4. Garments are restructuring with utilization near 46%; a 20% growth and 7–9% EBITDA margin target is set for next year. Management eyes INR1,550 Cr revenue and 12% EBITDA margin in FY26, focusing on Fabric, Yarn, and brand business expansion. Net debt increased by ~INR110 Cr to INR456 Cr due to modernization and working capital; major capex paused for 2–3 years. Labor shortages remain a challenge, but execution and profitability are expected to improve in FY26.