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FIBERWEB (INDIA) LTD. — Earnings Release 2024
Nov 6, 2024
60935_rns_2024-11-06_57970ca9-00b0-47fd-a5a6-7bbdfc65447a.pdf
Earnings Release
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Manufactures of: Spunbond Nonwoven Fabrics
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Date: 06[th] November, 2024
To, To, BSE Limited National Stock Exchange of India Limited Corporate Relations Department, Exchange Plaza, 1st Floor, New Trading Ring, P. J. Plot No. C/1, G Block, Towers, Dalal Street, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051.
Reference: BSE Scrip code - 507910 - Fiberweb (India) Limited NSE Scrip code: FIBERWEB
Sub.: Press Release for Q2 FY 25 Results
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirement) Regulation, 2015, please find attached herewith Press Release for Q2 FY 25 Results.
Kindly take note of the same.
hanking you,
Yours faithfully,
For Fiberweb (India) Limited
Digitally signed by PRAVIN VRAJLAL PRAVIN SHETH DN: c=IN, o=Personal, postalCode=400019, st=Maharashtra, serialNumber=42B1CA804A57F32F787C VRAJLAL AF3CC8DC4909D755D654242A3BACB36 65DD59C143D5D, cn=PRAVIN VRAJLAL SHETH SHETH Date: 2024.11.06 14:10:35 +05'30' Pravin V. Sheth Chairman & Director DIN: 00138797
Encl: As above
Product is manufactured in the plant, where the Management system is certified for ISO 9001 : 2015, 14001 : 2015, ISO 45001 : 2018
Mumbai : “KIRAN”, Ground Floor, 128, Bhaudaji Road, Matunga, Mumbai – 400019. Phone: 91 (22) 2404 4855 / 76 / 24082689 / 90 Regd. Office : Airport Road, Kadaiya, Nani Daman, (U.T.) – 396210.
& Works Phone: 91 (260) 222 0766/0458/1458/1858/0958 E-mail : [email protected] Website : fiberwebindia.com CIN NO: L25209DD1985PLC004694 ISO 9001:2015, 14001:2015, ISO 45001:2018
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Fiberweb India Limited Reports 192% YoY Growth In H1 FY25 Net Profit
Mumbai 05[th] November, 2024 - Fiberweb (India) Limited (NSE - FIBERWEB | BSE - 507910) a 100% EOU & manufacturers of non-woven fabrics announced unaudited Q2 and H1 FY25 result.
Key Financial highlights
| Particulars(₹ Cr) | Q2 FY25 | Q2 FY24 | YoY Change |
|---|---|---|---|
| Total Income | 25.65 | 20.99 | 22.18 % |
| EBITDA | 5.24 | 2.55 | 105.63 % |
| EBITDA Margin(%) | 20.42% | 12.13% | 829 BPS |
| Net Profit | 3.54 | 1.27 | 178.87 % |
| NPM(%) | 13.81% | 6.05% | 776 BPS |
| Diluted EPS(₹) | 1.23 | 0.44 | 179.55 % |
| Particulars(₹ Cr) | H1 FY25 | H1 FY24 | YoY Change |
| Total Income | 51.21 | 50.99 | 0.43 % |
| EBITDA | 10.20 | 4.95 | 105.89 % |
| EBITDA Margin(%) | 19.91% | 9.71% | 1,019 BPS |
| Net Profit | 6.44 | 2.20 | 192.37 % |
| NPM(%) | 12.58% | 4.32% | 826 BPS |
| Diluted EPS(₹) | 2.24 | 0.77 | 190.91 % |
Commenting on the Financial Performance, Mr. Bhavesh P Sheth, Director of Fiberweb (India) Ltd. said, “Our financial performance underscores our resilience within an increasingly dynamic market landscape. We have effectively leveraged the growing demand for technical textiles, especially within the medical and building technologies sectors. Notably, our Cash Flow from operating activities surged significantly, reaching ₹ 7.63 Cr in H1 FY25 from just ₹ 0.11 Cr, a clear indicator of our operational efficiency and enhanced working capital management, further strengthening our financial foundation.
For H1 FY25, our EBITDA margin stood at approximately 20%, reflecting our focused efforts to streamline operational costs. This improvement has contributed to an enhanced net profit, up 192% YoY and NPM of 12.58%, 3X YoY. We believe with our focused strategies; we will maintain profit margins with upward bias reinforcing our value proposition and positioning us for even stronger performance in the coming year with product diversification and market expansion.”
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About Fiberweb (India) Limited:
Fiberweb (India) Ltd. (NSE: FIBERWEB BSE: 507910) established in 1985, though it started as a plastics company it ventured into garbage and carrier bags, and gradually ventured into spun bond nonwoven fabrics, first of its kind in India. Since commissioning of its plant in 1996, it is a 100% EOU, exporting to countries like USA, UK, Europe, UAE, South Africa & Australia. The company has in-house facility for manufacturing stitched garments like medical & Industrial gowns and overhauls, crop cover, aprons, car covers and other made-ups as per client’s specifications. It has also set-up a new product line of Melt-Blown Nonwoven fabrics used in filtration and absorption in the market. The company today has become long term debt-free and is exploring new opportunities & product segments for growth, it also has plans for expansions in their field of technical textiles. It is ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 & known as a quality producer in the International Market.
In FY24, the company has reported Total Income of ₹ 86.89 Cr, EBITDA of ₹ 12.37 Cr & PAT of ₹ 7.27 Cr.
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such forwardlooking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
For Further Information Please Contact Corporate Communication Advisor
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Kirin Advisors Private Limited
Sunil Mudgal – Director [email protected] +91 98692 75849 www.kirinadvisors.com
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