Manorama Industries Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Manorama Industries Reports Q3 FY25 Financiai Resuits: Revenues at INR 2,092 Mn in Q3 FY25, up 112.5% YoY; EBITDA at INR 552 Mn in Q3 FY25, up 253.4% YoY
21 Jan 2025 · 21 Jan 2025, 10:27 pm
Summary
Manorama Industries Limited, a global leader in manufacturing Cocoa Butter Equivalent (CBE), specialty fats & butters, and exotic products, has announced its financial results for the third quarter and nine months ended December 31, 2024. The company reported a significant increase in revenues, EBITDA, and PAT for both Q3 FY25 and 9M FY25. The robust financial performance is attributed to higher demand for the company's product portfolio and the commercialization of new fractionation capacity. Manorama Industries is also considering a new phase of expansion, evaluating investments in several projects to sustain its growth momentum.
Key Highlights
- 1
Revenues in Q3 FY25 grew by 112.5% YoY to INR 2,092 Mn
- 2
EBITDA in Q3 FY25 surged by 253.4% YoY to INR 552 Mn
- 3
PAT in Q3 FY25 increased by 296.8% YoY to INR 295 Mn
- 4
Revenues in 9M FY25 grew by 64.2% YoY to INR 5,380 Mn
- 5
Manorama Industries is evaluating investments in several expansion projects
Management Comments
Mr. Ashish Saraf
The financial results for Q3FY25 reflects our robust business model and the growing demand for our products. We have achieved highest ever quarterly revenues of INR 2,098 million in Q3FY25, recording a growth of 112.5% YoY. This growth is a testament to the strength of our product portfolio and our expanding presence in both domestic and international markets. EBITDA saw a remarkable multi-fold increase of 2.5 times YoY at INR 552 million. The EBITDA margin expanded by 1,051 bps YoY at 26.4 % in Q3FY25. As guided earlier, this achievement is the result of our relentless focus on cost management and the benefits of operating leverage. Also, we are confident of meeting our INR 7,500 million revenue guidance for the ongoing fiscal year 2024-25. To sustain our growth momentum, Manorama Industries is considering a new phase of expansion and is evaluating investments in several projects. These include forward integration through entering the market of alternative cocoa butter equivalent (CBA), forward integration through Palm mid fraction manufacturing facility, forward integration via production of industrial and compound chocolates, backward integration through setting up processing unit for Sal, Mango and other exotic seeds in Raipur, India, and backward integration through prepress and solvent extraction plant in Burkina Faso, Africa. The company will provide detailed reports on these initiatives and update its capital expenditure strategy through regulatory filings. Manorama is dedicated to growing responsibly, supplying high-quality, ethically obtained products to its international customers, and creating value for its respected stakeholders.
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