Conference Call with Laxmi Organic Industries Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Specialty Chemicals company Laxmi Organic Industries announced H1FY25 & Q2FY25 results Revenue for Q2FY25 grew by ~18% YoY and ~8% for H1FY25 on a YoY basis. Total volumes increased by ~19% on a YoY basis in Q2FY25 and ~14% in H1FY25 on a YoY basis across both business units. EBIDTA for Q2FY25 grew by 92% YoY and EBIDTA margins stood at 9.7%. PAT for Q2 & H1FY25 grew by 162% & 27% YoY respectively. Rajan Venkatesh – MD & CEO, Laxmi Organic Industries, said: “We have delivered double-digit top-line growth in Q2FY25 on a year-on-year basis and double-digit volume as well as bottom-line growth on a year-on-year basis in Q2FY25 and H1FY25 despite the prevailing chemical industry dynamics and in the constantly evolving geopolitical backdrop. This growth is driven with our continued focused on a) operational efficiency efforts resulting in both additional volumes and improved cost competitiveness, b) capacity augmentation and c) our customer centric approach which has enabled us to expand our market share and widen our reach to new industries. At our Fluoro-intermediates site the emphasizes remains on scaling the plant with commercial production in H2FY25, with a focus to start generating revenue from this business in H2FY25 to expand our overall Specialties intermediate product offerings to our customers. At our Dahej site, we remain on track to receive the pending regulatory approvals, and the project remains on track on timelines and budget. We remain ‘Geared to Win’ and ‘Geared for Growth’ to achieve our laid-out plans for FY28.” Result PDF