Black Rose Industries announced strong financial results for the quarter, with notable increases in both sales and profits compared to the prior quarter and the same period last year. The company reported Q2 FY25 consolidated revenue 25 per cent higher at Rs. 124.16 crore as compared to Rs. 99.31 crore in Q1 FY25. Q2 FY25 consolidated PAT stood at Rs. 4.71 crore as compared to Rs. 4.72 crore in Q1 FY25. Consolidated PAT is exclusive of Rs.5.63 crores on account of elimination of dividend distributed by the subsidiary as per Indian Accounting Standards (IND AS).

The growth was driven by higher sales volumes, improved pricing for key products, and effective management strategies, underscoring the company’s ability to capitalize on market opportunities and sustain its growth momentum.

Outlook

Manufacturing Division:

Acrylamide liquid sales are expected to grow this quarter as the company focuses on gaining further market share, while acrylamide solids should remain stable due to consistent competitive pricing. Following the launch of a new ceramic binder version last quarter, sales are projected to improve, despite a sluggish market. NMA sales are expected to remain stable. Overall, the manufacturing segment is set for steady growth, driven by the company’s strategic initiatives.

Distribution Division:

For the upcoming quarter, the company expects stable sales volumes, though product realization may soften. Merchant exports could face challenges due to subdued demand from the US oil and gas sector. The company is focused on increasing its market presence for key products and continues to maintain adequate stock levels to meet customer needs. These efforts are aimed at enhancing market share and supporting steady growth.

Projects and Expansion

While the current R&D team focuses on completing the polyacrylamide solids technology by the end of the fiscal year, the company is also establishing a world-class R&D facility in Navi Mumbai. Efforts are underway to strengthen both the R&D and manufacturing teams. We have identified prospective land for future manufacturing projects and are progressing with our Environmental Clearance application for a specialty chemicals project in collaboration with a Japanese partner at our Jhagadia site. Additionally, the company is actively pursuing new opportunities in the manufacturing segment as a natural extension of its distribution business