Frontier Springs Ltd. — Earnings Release 2025

Feb 10, 2025

Dhruv Digitally signed by Dhruv Bhasin Bhasin Date: 2025.02.10 13:30:40 +05'30'

Q3 & 9MFY25 PRESS AND MEDIA RELEASE

==> picture [161 x 52] intentionally omitted <==

Kanpur, February 10, 2025

FRONTIER SPRINGS, ONE OF INDIA’S LEADING PLAYER IN COIL SPRINGS, FORGING & AIR SPRINGS, ANNOUNCED ITS FINANCIAL RESULTS FOR Q3 & 9MFY25. FOR QUARTER ENDED DECEMBER 31, 2024

REVENUE FROM OPERATIONS

₹ 58.27 Cr

EBITDA

₹ 12.47 Cr

PAT

₹ 8.73 Cr

76.44% Y-O-Y 141.65% Y-O-Y 171.04% Y-O-Y

FOR NINE MONTH ENDED DECEMBER 31, 2024

REVENUE FROM OPERATIONS

₹ 161.26 Cr

76.68% Y-O-Y

EBITDA

PAT

₹ 32.91 Cr

₹ 23.00 Cr

146.54% Y-O-Y 189.87% Y-O-Y

Commenting on the performance, Kapil Bhatia , Managing Director, said:

“I am delighted to report that Frontier Springs Limited has delivered exceptional performance in Q3FY25. Our financial performance is a result of the robust contributions from all our business verticals, leading to strong improvements in both topline and profitability. We remain firmly on track to achieve our stated guidance of ₹ 240-250 crores in gross revenues for the current financial year.

This quarter marks our best-ever performance in terms of both revenue and profitability, and we are confident in maintaining this strong momentum in the coming quarter as well. Our healthy order book continues to grow, giving us confidence in sustaining these growth rates into FY26. Improved margins are a result of several key factors: the robust demand in coil springs, a favourable shift in our product mix driven by growth in the air springs segment, and continued soft steel prices.

On the capital expenditure front, trial production of the 6-tonne hammer has commenced and is expected to contribute to our performance starting next financial year. We have already procured orders for this new capacity, with supply to begin in the next financial year. Furthermore, in addition to the ongoing capex projects aimed at addressing bottlenecks in the coil springs segment, we have decided to further increase our capex investments given the incremental demand visibility.

The recent budget announcements are highly encouraging, and we are witnessing clear indications of increased production of locomotives, passenger coaches, and wagons. This provides us with strong visibility of improved demand for our products. Frontier Springs is very well-positioned to capture and capitalise on this significant railway modernisation initiative undertaken by the Government. We look forward to continued growth and success in the years ahead.”

1/2

Q3 & 9MFY25 PRESS AND MEDIA RELEASE

==> picture [161 x 52] intentionally omitted <==

Financial Highlights

₹ I N C R OR E

PARTICULARS Q3FY25 Q2FY25 Q3FY24 Q-o-Q Y-o-Y 9MFY25 9MFY24 Y-o-Y Rev enue F rom Operat ions 58.27 52.24 33.02 11.55% 76.44% 161.26 91.27 76.68%
Other I nc ome 0.06 0.13 0.05 -54.12% 18.18% 0.85 0.15 458.75%
To tal In come 58.33 52.36 33.07 11.39% 76.35% 162.11 91.42 77.32%
Tot al OperatingExpens es 45.85 41.68 27.86 10.02% 64.57% 129.20 77.92 65.80%
EBITD A 12.47 10.69 5.16 16.70% 141.65% 32.91 13.35 146.54%
EBITD A Margin(%) 21.41% 20.46% 15.63% 95 bps 578 bps 20.41% 14.63% 578 bps
Finance Cos t 0.06 0.05 0.04 39.11% 50.84% 0.15 0.14 8.36%
Depreciation And Amortisat ion Expenses 1.01 1.02 0.86 -1.51% 16.64% 2.98 2.64 13.23%
Profit Before Tax 11.46 9.75 4.31 17.58% 166.19% 30.63 10.73 185.54%
Pro fi t After T ax 8.73 7.29 3.22 19.79% 171.04% 23.00 7.94 189.87%

About Frontier Springs Limited

Founded in 1981, Frontier Springs began its journey as a manufacturer of Leaf Springs and Laminated Bearing Springs for Automobiles and Railways. Today, the company primarily produces Hot Coiled Compression Springs and forging items, catering especially to the needs of Wagon, Locomotives, and Carriage sectors. Registered with RDSO since 1990, Frontier Springs is a trusted supplier to the Indian Railways.

Frontier Springs’ manufacturing prowess is spread across two state-of-the-art facilities located in Kanpur, Uttar Pradesh, and Poanta Sahib, Himachal Pradesh. The company's portfolio has witnessed significant diversification, now encompassing forging items from 100 gm to 20 Kg and a specialised Spring Division that addresses the needs of both national and international heavy engineering sectors. Recently, the Company made a strategic foray into the production of Air Springs, marking a significant expansion in its product portfolio.

For further details, please get in touch

Dhruv Bhasin Abhishek Mehra Company Secretary Investor Relations Advisor Frontier Springs Limited TIL Advisors c.s@frontiersprings.co.in abhishek@theinvestmentlab.in

Safe Harbour

This document which have been prepared by Frontier Springs Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.

Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict.The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document.

2/2