| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 570.73 | 6.1% |
| Total Income | 586.96 | 6.7% |
| Expenditure | 525.31 | 2.5% |
| PBT | 61.65 | 31.9% |
| Net Profit | 45.39 | 33.4% |
| OPM | 4.30% | 3.84pp |
| NPM | 7.73% | 3.10pp |
| EPS | 10.01 | 33.4% |
Siyaram Silk Mills Reports Q3 & 9M FY25 Results: Total Income at 586 Crores, EBITDA at 83 Crores, PAT at 46 Crores
25 Jan 2025 · 25 Jan 2025, 10:14 pm
Summary
Siyaram Silk Mills Ltd., a leading producer of blended high fashion suitings, shirtings and apparels, has reported its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company's total income for Q3FY25 stood at 586 crores, showcasing a growth of 14.3% on a y-o-y basis. EBITDA for Q3FY25 grew by 4.1% at 83 crores as compared to 80 crores in Q3FY24. The company also declared a 2nd Interim Dividend of Rs. 3/- per equity share for the Financial Year 2024-25.
Key Highlights
- 1
Total Income for Q3FY25 stood at 586 crores, showcasing a growth of 14.3% on a y-o-y basis.
- 2
Siyarams has signed 30 stores in Tier II and III cities, with around 20 stores expected to be opened by March 2025.
- 3
EBITDA for Q3FY25 grew by 4.1% at 83 crores as compared to 80 crores in Q3FY24.
- 4
The company declared a 2nd Interim Dividend of Rs. 3/- per equity share for the Financial Year 2024-25.
- 5
The company's revenue mix for Q3 FY25 comprised of Fabric at 83%, Garments at 12%, and Yarn & Others at 5%.
Management Comments
Mr. Gaurav Poddar
President and Executive Director, Siyaram Silk Mills Limited
Consumer sentiment in Q3 was initially lifted by festivities with spending picking up during the season. The inflationary pressure was persistent throughout the quarter thus moderating demand in the later half. However, it was encouraging to note that inflation showed signs of cooling down at the end of the quarter making outlook optimistic going forward. Our expansion plan remains on track, with a goal to open approximately 30 new fast fashion and ethnic retail outlets. The fast fashion outlets are branded as ZECODE, while the ethnic clothing outlets are branded as DEVO. Our financial performance for the quarter shows improvement, with total income at 586 crores, compared to 513 crores in Q3 FY24. We are pleased to report an EBITDA of 83 crores, with an EBITDA margin of 14.1%. Additionally, our Profit After Tax (PAT) for the quarter reached 46 crores, with a PAT margin of 7.8%. Looking ahead, we are hopeful that the remainder of the fiscal year will be driven by favorable market environment and prudent capital management, ensuring continued growth. We thank our stakeholders for their trust and support as we move into the next phase of growth.
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