BSL Ltd Revenue Up 2.1%, PAT Rises 1.8% In Q1 FY25
BSL Ltd, a leading textile company with fully integrated operations, has announced its unaudited financial results for Q1 FY25, ending June 30, 2024. The company posted a revenue of Rs 163.7 crore, marking a 2.1% increase year-on-year (YoY).
Financial Highlights for Q1 FY25 (Rs in cr.):
- Revenue: Rs 163.7 cr., up 2.1% YoY
- EBITDA: Rs 15.2 cr., up 1.1% YoY
- EBITDA margin: 9.3%
- PAT: Rs 2.3 cr., up 1.8% YoY
- EPS: Rs 2.24
Commenting on the results, Nivedan Churiwal, Managing Director of BSL Ltd, highlighted the company’s resilience amidst global economic challenges, including rising labour costs, logistical issues and fluctuating cotton prices. He emphasized BSL’s positive performance in Q1 FY25, with sales growth of 2.1% YoY and an increase in PAT by 1.8% YoY.
Looking ahead, Churiwal pointed out the significant opportunities arising from shifts in global textile consumption, particularly as the US, EU and China are set to drive demand in the coming decade. With geopolitical tensions and trade issues affecting China and economic challenges in Bangladesh and Vietnam, India is well-positioned to capitalize on these changes. He also noted the potential boost from government initiatives like the PLI scheme and upcoming FTAs with the UK and EU.
