Textiles company Filatex India announced Q1FY26 results Revenue of Rs 1,049 crore against Rs 1,054 crore. EBITDA stands at Rs 77.8 crore against Rs 60.9 crore. Net Profit stands at Rs 40.7 crore against Rs 32.3 crore. Production Quantity is 94,996 MT against 97,580 MT. Sales Quantity is 97,263 MT against 95,962 MT. Madhu Sudan Bhageria, MD of Filatex India said: that demand and margin signs are improving gradually, and demand has been stable. In our assessment, in the coming months as imports volumes reduce, the margins will continue to improve further. Over the quarter, the performance was stable and the EBIDTA margins have slightly improved – up from Rs 75.7 crore to Rs 77.8 crore. Net profit remains almost the same as compared to last quarter. However, we have achieved substantial growth of almost ~26% in EBIDTA and PAT compared form current Q1FY26 to last Q1FY25 (YoY). Result PDF
Conference Call with Filatex India Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Textiles company Filatex India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue of Rs 1,080 crore against Rs 1,026 crore. EBITDA stands at Rs 75.7 crore against Rs 64.7 crore. Net Profit stands at Rs 41.4 crore against Rs 34.8 crore. Production Quantity is 96,524 MT against 96,969 MT. Sales Quantity is 96,561 MT against 96,419 MT. FY25 Financial Highlights: Revenue of Rs 4,252 crore against Rs 4,286 crore. EBITDA stands at Rs 257.7 crore against Rs 239.2 crore. Net Profit stands at Rs 134.6 crore against Rs 110.7 crore. Production Quantity is 3,91,303 MT against 4,05,603 MT. Sales Quantity is 3,90,210 MT against 4,01,052 MT. Madhu Sudan Bhageria, Filatex India, said: that over the last two quarters, demand has been stable but there is no improvement in the margins. In our assessment in the coming months, the margin will also improve. Imports curbs and tariffs are also likely to bring in some improvement. Ove the year, the performance is stable and the EBIDTA margins have marginally improved – up from Rs 239.2 crore to Rs 257.7 crore. Net profit improved from Rs 110.7 crore to Rs 134.6 crore, an improvement of 21.6%. As, mentioned in our previous earning release for Q3FY25, the company has planned to add additional yarn capacity of Partially Oriented Yarns (POY) of 19800 MTPA, Fully Drawn Yarn (FDY) of 14400 MTPA and Draw Textured Yarn (DTY) of 14400 MTPA at its Dahej plant. The planned addition has undergone a change, wherein Fully Drawn Yarn (FDY) capacity addition will now be doubled to 28800 MTPA instead of 14400 MTPA planned earlier. Accordingly, the capital outlay of Rs 155 crore has now been revised to Rs 235 crore. Result PDF
Textiles company Filatex India announced Q3FY25 results Revenue of Rs 1,069 crore against Rs 1,049 crore. EBITDA stands at Rs 75.4 crore against Rs 45.7 crore. Net Profit stands at Rs 47.4 crore against Rs 13.5 crore. Production Quantity is 1,02,207 MT against 94,993 MT. Sales Quantity is 1,01,432 MT against 96,255 MT. Madhu Sudan Bhageria said: that over the last two quarters we experienced a low demand and margins were minimal. However, in the third quarter there were signs of some positive shift that began in November. We observed some upticks in both the demand and margins that continued in subsequent month. The increase in EBIDTA from 45 to 75 crore shows the improvement. Looking ahead we are committed to growth with a strong commitment and focus on sustainability, reduction in carbon footprint, and circular economy, Thus, to enhance its share of the usage of renewable energy the company is proposing a new investment in a new hybrid power project with M/s Torrent Power Ltd and has signed a Letter of Intent with them to invest about Rs 24.00 crore for hybrid power project being set up, owned and operated by Torrent Power Ltd./ wholly owned SPV (TPL or Power Producer) and / or its associates, located in Gujarat. The TPL will provide energy from a capacity of 19.8 MW @ 58% CUF. The company is likely to get around 100 million units annually and this arrangement is expected to result in a savings of Rs 25 crore. This project is in its advance stage of execution and is likely to be commissioned by September 2025. Further, the company has planned to add additional manufacturing facilities of Partially Oriented Yarn (POY) of 19800 MTPA, Fully Drawn Yarn (FDY) of 14400 MTPA and Draw Textured Yarn (DTY) of 14400 MTPA at its existing unit at Dahej. This capacity addition has a capital outlay of Rs 155 crore and the expected date of commissioning is June 2026. Result PDF
Textiles company Filatex India announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue of Rs 1,049 crore against Rs 1,108 crore. EBITDA stands at Rs 45.7 crore against Rs 54.2 crore. Net Profit stands at Rs 13.5 crore against Rs 23.1 crore. Production Quantity is 94,993 MT against 1,03,307 MT. Sales Quantity is 96,255 MT against 1,03,677 MT. H1FY25 Financial Highlights: Revenue of Rs 2,103 crore against Rs 2,177 crore EBITDA stands at Rs 106.6 crore against Rs 99.1 crore. Net Profit stands at Rs 45.8 crore against Rs 40.7 crore. Production Quantity is 1,92,572 MT against 2,05,711 MT. Sales Quantity is 1,92,217 MT against 2,03,888 MT Madhu Sudhan Bhageria, CMD, said: over the past few months, we experienced a period of subdued demand in July and August. However, I am glad to report a positive shift that began in October. Since then, we have observed an encouraging uptick in both demand and margins across our operations, a trend that continues to the present day We are well positioned to benefit from the market's turnaround. Our market position provides us with a solid foundation to leverage this positive momentum effectively and sustainably. Looking ahead, we are committed to driving growth with a strong focus on sustainability. We see significant potential in the recycled polyester route, which aligns with our values and the global push toward environmental responsibility. Result PDF
Textiles company Filatex India announced Q4FY24 & FY24 results: Q4FY24 Vs Q4FY23 Financial Highlights: Revenue of Rs 1,026 crore against Rs 1,047 crore EBITDA stands at Rs 64.6 crore against Rs 68.7 crore Profit Before Tax stands at Rs 47.2 crore against Rs 25.2 crore Net Profit stands at Rs 34.8 crore against Rs 18.6 crore Production Quantity is 96,969 MT against 97,610 MT Sales Quantity is 96,419 MT against 97,390 MT FY24 vs FY23 Financial Highlights: Revenue of Rs 4,286 crore against Rs 4,304 crore EBITDA stands at Rs 237.8 crore against Rs 233.9 crore Profit Before Tax stands at Rs 150.4 crore against Rs 122.1 crore Net Profit stands at Rs 110.7 crore against Rs 89.9 crore Production Quantity is 4,05,603 MT against 3,80,197 MT Sales Quantity is 4,01,052 MT against 3,82,133 MT Commenting on the performance, Madhu Sudhan Bhageria, CMD, stated, The Government of India (GoI) implemented Quality Control Order (QCO) effective from 5th October 2023 for polyester yarns, to enforce quality standards and curb the influx of substandard imports. The Bureau of Indian Standards (BIS) plays a pivotal role in ensuring adherence to these standards by certifying products meeting the prescribed criteria for both domestic and international manufacturers. Following BIS enforcement, polyester yarn imports saw a significant decline in subsequent months. However, the Indian textile industry faced another challenges by way of from a surge in low-price knitted fabric imports from China which caused a cute distress to whole value chain i.e. yarns manufacturers, weavers & processors. Such unprecedented volumes of import at low prices prompted the Government upon various trade association representations and has set a minimum value cap of USD 3.5/kg. This step has stemmed the tide. The textile industry requires a fair competitive landscape. Currently, the Indian Polyester Industry struggles to compete with China. The influx of low-priced Chinese imports, spanning yarns and fabrics, poses a major threat, leading to diminished margins for domestic polyester manufacturers. The export of yarns has dropped to almost negligible levels. The exports from India can only be improve, when the Government would provide any measures by some means or way of ensuring the availability of raw materials at par with international prices. The textile industry requires a fair competitive landscape. Currently, the Indian Polyester Industry struggles to compete with China. The influx of low-priced Chinese imports, spanning yarns and fabrics, poses a major threat, leading to diminished margins for domestic polyester manufacturers. The export of yarns has dropped to almost negligible levels. The exports from India can only be improve, when the Government would provide any measures by some means or way of ensuring the availability of raw materials at par with international prices. Despite such external challenges, domestic demand remains robust, growing at an impressive 8% CAGR. As import-related margin pressures ease, we are optimistic about the future of our polyester filament business, considering its status as the most widely utilized fiber globally." Result PDF
Textiles company Filatex India announced Q2FY24 & H1FY24 results: Q2FY24 vs Q1FY24: Revenue of Rs 1,107.84 crore against Rs 1,069.27 crore EBITDA stands at Rs 53.86 crore against Rs 44.65 crore Profit Before Tax stands at Rs 31.52 crore against Rs 23.96 crore Net Profit stands at Rs 23.10 crore against Rs 17.62 crore Sales Quantity is 1,03,677 MT against 1,00,211 MT H1FY24 vs H1FY23: Revenue of Rs 2,177.11 crore against Rs 2,186.71 crore EBITDA stands at Rs 105.95 crore against Rs 137.66 crore Profit Before Tax stands at Rs 55.48 crore against Rs 92.56 crore Net Profit stands at Rs 40.72 crore against Rs 68.55 crore Sales Quantity is 2,03,888 MT against 1,84,554 MT Commenting on the performance Madhu Sudhan Bhageria, Chairman & Managing Director, stated, “The continuous and increasing influx of Chinese imports was unabated in this quarter. To retain their market share, Indian manufacturers were forced to cut their prices to align with import rates, which are lower by Rs 4-5/kg. The industry has been grappling with an erosion of margin. This has hurt profit margins despite a higher volume of sales. To further increase the share of renewable energy, the company has signed PPA and SHA with Onevolt Energy Pvt Ltd, a 100% subsidiary of Amplus Energy Solutions Pte Ltd, to procure solar power as a captive consumer under the Inter-State Transmission System (ISTS) for both its plants in Dahej and Dadra.” Result PDF