BSL Ltd. — Interim / Quarterly Report 2025

Feb 13, 2025

Digitally signed by Shubham Shubham Jain Jain Date: 2025.02.13 18:25:45 +05'30'

Press Release

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BSL Limited Maintains Growth Momentum in Q3 FY25 with ₹170 Cr Revenue, ₹16 Cr EBITDA (+4% QoQ), and ₹3 Cr PAT (+21% QoQ)

13th February 2025, Bhilwara – BSL Limited (BSE: 514045/NSE: BSL), a pioneering company in the textile industry, operates a fully integrated unit that encompasses spinning, weaving, processing, and manufacturing capabilities using state-of-the-art technologies sourced globally has published its unaudited Financial Results for the Q3 & 9M FY25 period that ended on 31[st] December 2024.

Key Business Highlights:

• Steady Revenue: Q3 FY25 revenue stood at ₹170 Cr, while 9M FY25 reached ₹512 Cr, reflecting stability.

• EBITDA Expansion: EBITDA grew 4.1% QoQ to ₹16 Cr, with an 81 bps margin improvement, highlighting efficiency.

• PAT Growth: PAT surged 20.8% QoQ to ₹3 Cr, with a 38 bps margin boost, driven by cost control.

• Resilient 9M FY25: PAT for the nine-month period stood at ₹8 Cr, ensuring financial stability.

• EPS Growth: Earnings per share rose 20.8% QoQ, reinforcing shareholder value.

Q3 FY25 Segmental Revenue Performance:

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Q3 & 9M FY25 Financial Performance (₹ in Cr except EPS):

Parameters	Quarterly	Nine - Months	Yearly
	Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY	9M FY25 9M FY24 YoY	FY24
Revenue	169.8 178.1 (4.6%) 171.0 (0.7%)	511.6 510.1 0.3%	666.5
EBITDA	16.4 15.7 4.1% 18.0 (9.2%)	47.8 49.5 (3.4%)	66.0
EBITDA Margins 9.6% 8.8% 81 bps 10.5% (89 bps)		9.3% 9.7% (35 bps)	9.9%
PAT 3.0 2.5 20.8% 3.9 (22.4%)		7.9 8.7 (9.6%)	11.2
PAT Margins 1.8% 1.4% 38 bps 2.3% (50 bps)		1.5% 1.7% (17 bps)	1.7%
EPS 2.96 2.45 20.8% 3.81 (22.3%)		7.65 8.47 (9.7%)	10.91

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Press Release

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Commenting on the results, Mr. Nivedan Churiwal, Managing Director of BSL Limited said,

“During Q3 FY25, the company revenue reached ₹170 Cr, reflecting a marginal decline of 4.6% & 0.7% on a QoQ & YoY basis respectively. This slight dip was primarily driven by market-driven pricing adjustments and moderated demand in the yarn segment. Despite these challenges, EBITDA rose to ₹16 Cr, marking a 4.1% QoQ increase, with EBITDA margins improving to 9.6%, representing a QoQ increase of 81 bps. PAT stood at ₹3 Cr, reflecting a robust 20.8% QoQ growth, with PAT margins advancing to 1.8%, a QoQ improvement of 38 bps. These results underscore our relentless focus on operational excellence and disciplined cost management, reinforcing our commitment to diversifying our premium product range and strengthening our international footprint.

Furthermore, our export operations and emerging product lines maintained their upward trajectory, providing strong support to our overall performance. We remain confident that our strategic focus on value-enhanced yarn offerings, alongside expanding our fabric capacity, will unlock new growth opportunities in the upcoming quarters. We are deeply grateful to our shareholders for their trust and unwavering belief in our vision as we progress on this journey towards sustained, profitable growth.”

About BSL Ltd. (BSE: 514045/NSE: BSL):

BSL Limited has a proud history as a leader in the textile industry. Its vertically integrated unit seamlessly integrates spinning, weaving, processing, and manufacturing capabilities with the aid of cutting-edge technologies from around the world. The company boasts a diverse range of products including synthetic, worsted, and cotton yarns, as well as synthetic and worsted suiting and a variety of furnishings fabrics. Since its establishment in 1971, BSL Limited has continuously grown and expanded. Today, the company is recognized for its high-quality synthetic blended fabrics under the brand name BSL Suiting and premium worsted fabrics under the brand name Geoffrey Hammonds. The company's extensive experience in textile manufacturing has earned it the ability to produce over 20 million meters of fabric annually across India and 60 countries around the world. The company is committed to providing the highest quality products, as evidenced by its IS/ISO 9001-2008 certification. For more information, please visit the company website www.bslltd.com

About LNJ Bhilwara:

The esteemed journey of the LNJ Bhilwara Group started in 1960, when the Group’s founder, Mr. L. N. Jhunjhunwala established a textile mill in Bhilwara, Rajasthan. The Group has completed more than 50 glorious years and today the single textile mills of 1961 have expanded into several plants; the Group export earnings comprise 50% of its turnover and has strategically diversified over the period. It stands proudly as a multi-products and services conglomerate in textile, graphite electrodes, power generation, IT-enabled services, power engineering consultancy services, Energy storage solutions and Skill development. LNJ Bhilwara Group is a well-diversified conglomerate & one of India's largest setups on the corporate horizon. The $967 million LNJ Bhilwara Group (www.lnjbhilwara.com), commands 20 production units, is strategically located, markets internationally, and employs over 25,000 employees globally. HEG Ltd. is the group’s flagship company and has the world’s largest single-location graphite electrode manufacturing plant. The group also owns two hydroelectric projects under Bhilwara Energy Ltd.

For further details please contact:

BSL LIMITED CIN: L24302RJ1970PLC002266	BSL LIMITED CIN: L24302RJ1970PLC002266	BSL LIMITED CIN: L24302RJ1970PLC002266
Mr. Nivedan Churiwal Managing Director, BSL Ltd. E: n ivedan@bslltd.com W: www.bslltd.com	Mr. Praveen Jain CFO & Director (Operations), BSL Ltd. E: praveenjain@bslsuitings.com W: www.bslltd.com	Mr. Ritesh Shashiprakash Singh Investor Relations Consultant, Rik Capital E: r itesh.singh@rikcapital.in W: www.rikcapital.in M:+91 83293 85762

Safe Harbor:

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forwardlooking statements to reflect actual results changed assumptions or other factors.

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