Food Products company Manorama Industries announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenues during Q2FY25 grew by 66.0% YoY to Rs 1,954 million due to higher demand of the company's product portfolio coupled with commercialization of the new fractionation capacity. EBITDA during Q2FY25 surged by 144.5% YoY at Rs 452 million; EBITDA margin for the quarter expanded by 743 bps YoY to 23.1%. PAT during 02 FY25 increased by 210.3% YoY to Rs 267 million; PAT margin expanded by 636 bps to 13.7% in Q2FY25. H1FY25 Financial Highlights: Revenues during H1FY25 grew by 43.4% YoY to Rs 3,288 million owing to sustained higher demand of the Company's overall product portfolio. EBITDA during H1FY25 surged by 93.8% YoY at Rs 719.76 million; EBITDA margin for the half year expanded by 569 bps YoY to 21. 9%. PAT during H1FY25 increased by 99.6% YoY to Rs 402.5 million; PAT margin expanded by 345 bps to 12.2% in H1FY25. Ashish Saraf, Chairman and Managing Director of Manorama Industries, said: "The Company's revenues grew by 66.0% YoY growth to Rs 1,954 million in Q2FY25 better product mix & realization, seamless operations and commercialization of the new fractionation capacity. Our domestic to export market mix stands at 27:73 in 02FY25. The Company's EBITDA has surged by 144.5% YoY reaching Rs 452 million in Q2FY25. Additionally, Manorama Industries EBITDA margin expanded by 743 bps YoY at 23.1% in Q2FY25 which was attributed to economies of scale and operational efficiencies. Our H1FY25 annualized return ratio's i.e., ROE and ROCE stood at 21.3% and 28.9%, respectively as on 30th September 2024. The Company's strategic move to build on inventory for new fractionation plant reaped rich reward as the annualized working capital days have improved to 138 days in H1FY25 from 178 days in FY24. During the ongoing financial year 2024-25, Manorama Industries has incorporated six new subsidiaries (5 in Africa and 1 in UAE) for establishing its roots beyond borders. The Company's new African subsidiaries will strengthen the souring of Shea Seeds. Manorama Mena Trading LLC (UAE Subsidiary) aims to tap new customers from the MENA region. Additionally, Manorama Industries is planning to enter the South American market in the coming quarters. Manorama Industries through its robust and unique 'Waste-to-Wealth' business model has carved a niche by supplying sustainable Cocoa Butter Equivalent (CBE) and Exotic Specialty Fats and Butter to Fortune 500 and Domestic Confectionery, Chocolate and Cosmetic companies. The Company is on track to surpass its guidance of Rs 750+ Crores for the fiscal year 2025 by strengthening its sourcing capabilities of raw materials, adding new customers across geographies, coupled with enhanced profitability due to operating leverage and economies of scale." Result PDF