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- Important
- Financial Update
- Fund Raise
- Board Meeting
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Here's a summary of the announcement:
**1. Financial Highlights:**
Net sales were 591.94 Cr (down 4.7% YoY) in Q2 2025 due to lower volumes. EBITDA surged 28.7% YoY to 49.27 Cr, with margins improving to 8.3% (from 6.2%), driven by favorable sales mix and efficiency. Profit Before Tax (ex-exceptional) rose 55.2% YoY to 33.12 Cr. H1 figures showed similar trends. Balance sheet stable with Nil Net Debt and strong liquidity (155.7 Cr cash, 125.0 Cr liquid MFs, 371.9 Cr unutilized limits).
**2. Strategic Initiatives & Growth Drivers:**
Efficiency programs continue to boost profitability. Key sustainability initiatives include ink cooling for solvent reduction, plans to update SBTi targets (1.5°C by 2030), and a renewable electricity project at Khopoli.
**3. Business Developments:**
Several Indian sites achieved Zero Liquid Discharge (ZLD) status, underscoring commitment to sustainable water management. Safety metrics improved, with employees actively participating in safety challenges.
**4. Market Position & Competitive Advantage:**
Improved margins from favorable sales mix and operational efficiency highlight a strategic focus on value. Stable financials, zero net debt, and strong liquidity provide a robust foundation.
**5. Investor Implications:**
Strong profitability growth (EBITDA, PBT*) despite volume decline shows effective operational management. Robust balance sheet and growing ESG initiatives present positive growth potential. Monitor future volume trends.