Shree Pushkar Chemicals & Fertilisers Limited (Shree Pushkar), a leading manufacturer of Dyes, Dye Intermediates and Fertilisers, has announced its Financial Results for the quarter ended 30th September 2024.

The company has posted net profit of Rs. 13.3 crore in Q2 FY25 as compared to Rs. 8.5 crore, reflecting a growth of 57.5 per cent. Revenue from Operations was Rs. 175.6 crore in Q2 FY25 as compared to Rs. 185.2 crore, reflecting a drop of 5.2 per cent. EBITDA in Q2 FY25 was Rs. 19.1 crore as compared to Rs. 14 crore in Q2 FY24.

For H1 FY25, Revenue from Operations was Rs. 369.8 crore as compared to Rs. 360.7 crore, a growth of 2.5 per cent. PAT in H1 FY25 was Rs. 26.2 crore as compared to Rs. 16.3 crore, reflecting a growth of Rs. 60.1 per cent.

Commenting on the performance, Punit Makharia, Chairman and Managing Director, said: “Presenting our Q2 FY25 financial results, which highlight our strategic efforts to balance growth with financial stability despite ongoing market challenges. While we faced external headwinds, our total revenue reached Rs. 175.6 crore, reflecting a 5% decline compared to Q2 FY24. Nevertheless, we saw significant improvements in profitability. EBITDA grew by 36% year-on-year to INR 19.1 crore, leading to an EBITDA margin increase from 7.5% in Q2 FY24 to 10.9%. PAT grew by 58% to INR 13.3 crore, with PAT margins improving from 4.6% to 7.6%.

“Our operational performance was resilient, particularly in the Fertilizer division, which saw a 24% increase in volume year-on-year. While the Chemicals division experienced a 6% decline in volume, we anticipate a rebound as market conditions improve in the coming quarters.

“Our disciplined approach to financial management is evident, with non-lien deposits strengthening to Rs. 141.1 crore, a 31% increase quarter-on-quarter, enhancing liquidity for strategic investments. We also continued to prioritize growth, investing INR 68.48 crore in CAPEX to further scale our operational capabilities.

“Looking ahead, we are focused on driving sustainable growth through improved capacity utilization, strategic investments, and enhanced operational efficiencies in both our Chemicals and Fertilizer divisions. We are confident these initiatives will support long-term value creation and position us to capitalize on future opportunities.”