Mafatlal Industries Reports Highest-Ever 9-Month Revenue In Q3 FY25
Mafatlal Industries Ltd, a legacy player in the Indian textile industry, announced its unaudited financial results for the quarter and nine months ending December 31, 2024. The company reported a remarkable 116.7% year-on-year growth in revenue from operations for Q3 FY25, reaching Rs 910.2 crore, compared to Rs 420.1 crore in Q3 FY24. For the nine months, revenue from operations rose by 79.4% to Rs 2,357.5 crore from Rs 1,314.2 crore in the previous year. Total income for Q3 FY25 was Rs 923 crore, a 112.3% increase from Rs 434.7 crore in the same quarter last year, and for 9M FY25, it reached Rs 2,390 crore, up 74.2% YoY.
The company achieved a 44.3% increase in Profit After Tax (PAT) in Q3 FY25, amounting to Rs 24.6 crore compared to Rs 17.1 crore in Q3 FY24. Operating EBITDA for the quarter surged by 46.5% to Rs 20 crore, driven by strong institutional order executions and a change in the product mix. The 9M FY25 PAT was Rs 75 crore, marking a 14.5% increase YoY. The total EBITDA includes a one-time receipt of Rs 5.93 crore from a claim and reflects the company’s cost optimization efforts, which included a Voluntary Retirement Scheme (VRS) cost of Rs 0.04 crore in Q3 FY25.
During the quarter, Mafatlal Industries successfully executed large institutional orders, including supplying consumable durable articles to 6.66 lakh beneficiaries in Maharashtra, distributing 74.69 lakh pieces of dhotis, sarees and lungis in Jharkhand, and establishing a Personal Adaptive Learning Lab in Tripura. The company also delivered 104 lakh metres of uniform fabric across various states.
Mafatlal Industries reduced its gross debt to Rs 57 crore as of December 31, 2024, compared to Rs 86 crore as of September 30, 2024. The company also reported its highest-ever nine-month revenue from operations, attributed to the successful execution of large institutional orders, with a current order book of approximately Rs 550 crore.
M.B. Raghunath, CEO of Mafatlal Industries, commented, “We are pleased to report a strong result for the nine months, achieving our highest-ever topline, operating EBITDA and PAT. This success reflects our robust strategy and excellence in execution. Our successful order executions have been key to our growth, and we continue to explore promising opportunities in textiles, digital infrastructure and the consumer durable domain.”
