Iron & Steel products company Shankara Building Products announced Q1FY25 results: Revenue at Rs 1,291 crore, grew by 14% YoY Steel Volume grew by 20% YoY Non-Steel Revenues grew by 35% YoY Western and Central India Revenues grew by 52% YoY each EBITDA grew by 20% YoY to Rs 41 crore; EBITDA margin expanded by 15 bps to 3.2% PAT down by 7% YoY to Rs 16 crore, due to an increase in finance cost Earnings per share stood at Rs 6.62 Working capital cycle continues to be around 30 days Commenting on the performance, Sukumar Srinivas, Managing Director, Shankara Building Products, said: “I am glad to announce another quarter of resilient performance. In the backdrop of weak demand due to seasonal softness, exacerbated by general elections and softening of steel prices, we have achieved a 14% growth. Our steel volume grew by 20%, while non-steel vertical saw a robust 35% growth. Our strategic focus on private label in tiles, Fotia Ceramics is yielding strong results. We are excited to announce the expansion of our Fotia brand in quartz sinks. With a dominant presence in South, we are aggressively expanding in Western and Central India now. Bolstering our omnichannel strategy, we have identified 10 new strategic locations for fulfillment centers, which we plan to set up over the next 6-9 months. Our commitment on growing value-added portfolio is consistently enhancing the EBITDA margins. We are also in the process of demerging our building materials marketplace, a move aimed at streamlining our business structure and facilitate a focused capital allocation strategy under our new generation management. We have received NOC from SEBI and are now in the process of filing application with NCLT." Result PDF