Houseware company La Opala RG announced Q3FY25 results Revenue: The revenue from operations stood at Rs 9,129.59 lakh for Q3FY25, marking a 14.79% decrease compared to Rs 10,714.10 lakh in Q3FY24. EBITDA: EBITDA (excluding other income) amounted to Rs 2,563.40 lakh in Q3FY25, representing a 36.91% decline from Rs 4,063.25 lakh in Q3FY24. EBITDA Percentage: The EBITDA margin reduced to 28.08% in Q3FY25 from 37.92% in Q3FY24. Profit Before Tax (PBT): PBT was reported at Rs 2,882.24 lakh for Q3FY25, a 35.88% drop from Rs 4,495.25 lakh in Q3FY24. Profit After Tax (PAT): The company recorded a PAT of Rs 2,316.97 lakh in Q3FY25, a noticeable 47.53% decline from Rs 4,415.64 lakh in Q3FY24. Result PDF
Houseware company La Opala RG announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from operations was at Rs 91 crore in Q2FY25, as against Rs 73 crore in Q1FY25. EBITDA stood at Rs 29 crore in Q2FY25, as against Rs 27 crore in Q1FY25. EBITDA margin stood at 32% in Q2FY25, as against 37% in Q1FY25. PAT at Rs 24 crore in Q2FY25, as against Rs 24 crore in Q1FY25. H1FY25 Financial Highlights: Revenue from operations was at Rs 163 crore in H1FY25, as against Rs 175 crore in H1FY24. EBITDA stood at Rs 56 crore in H1FY25, as against Rs 70 crore in H1FY24. EBITDA margin stood at 34% in H1FY25, as against 40% in H1FY24. PAT at Rs 48 crore in H1FY25, as against Rs 60 crore in H1FY24. Ajit Jhunjhunwala, Vice Chairman and Managing Director, said: “We are encouraged by the steady improvement in revenue performance, reflecting early signs of market recovery. While Q2 saw some subdued gross margins due to the gradual normalization of consumption patterns, we remain optimistic about a stronger performance in the second half of the financial year, supported by the festive and wedding demand. Our EBITDA levels have shown sequential improvement, driven by robust cost-control measures and a relentless focus on operational efficiencies. Distribution channels have performed better compared to the previous quarters, although the recent strategic adjustments made to enhance market reach are still stabilizing. We are confident that these changes will translate into greater market penetration in the near term. Despite the improvement in revenues, profitability for the quarter remained at lower levels due to a one-time deferred tax expense. To cater to the anticipated surge in sales during the festive season, we have proactively scaled up inventory levels and launched targeted sales promotion activities. La Opala is well-positioned to capitalise on these opportunities, backed by our superior product quality, strong brand equity, and a robust partner network. We remain confident in our ability to navigate the current challenges and deliver sustained value to our stakeholders." Result PDF
Houseware company La Opala RG announced Q1FY25 results: Revenue from operations was at Rs 73 crore in Q1FY25, as against Rs 86 crore in Q1FY24 EBITDA stood at Rs 27 crore in Q1FY25, as against Rs 35 crore in Q1FY24 EBITDA margin stood at 37% in Q1FY25, as against 41% in Q1FY24 PBT at Rs 32 crore in Q1FY25, as against Rs 39 crore in Q1FY24 PAT at Rs 24 crore in Q1FY25, as against Rs 29 crore in Q1FY24 Commenting on the performance during the quarter, Ajit Jhunjhunwala, Vice Chairman and Managing Director, said, "Overall, the quarter's performance remained subdued, as Q1 is typically a softer period for the industry. However, zero wedding days in this quarter as against Q1 FY24, compounded by reduced consumer spending added to further pressure. Despite some easing in inflationary pressures, demand has been slow to recover. However, we did see a sequential improvement at the EBITDA and PBT le vels, driven by reduced production costs following the strategic suspension of operations at our ageing and obsolete Madhupur plant and the temporary shutdown of one of the furnace at Sitarganj for relining. With production now fully consolidated at Sitarganj, where we have the latest automated technology, we remain committed to driving efficiencies and implementing necessary cost-control measures. The recent adjustments made to our distribution channels for enhanced reach are taking same time to stabilise, and we anticipate a recovery demand once these changes have fully settled. We are starting to see early signs of recovery, though it will take some time for demand to fully pick up. Our focus on high-quality products, strong brand recognition, and a solid partner network keeps us well- positioned as a preferred choice for our customers." Result PDF
Houseware company La Opala RG announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations was at Rs 83 crore in Q4FY24, as against Rs 109 crore in Q4FY23 EBITDAstood at Rs 26 crore in Q4FY24, as against Rs 40 crore in Q4FY23 EBITDA margin stood at 31% in Q4FY24, as against 37% in Q4FY23 PAT at Rs 24 crore in Q4FY24, as against Rs 29 crore in Q4FY23 Extensive range of value-added products lead to better realizations FY24 Financial Highlights: Revenue from operations was at Rs 365 crore in FY24, as against Rs 452 crore in FY23 EBITDA stood at Rs 136 crore in FY24, as against Rs 172 crore in FY23 EBITDA margin stood at 37% in FY24, as against 38% in FY23 PAT at Rs 128 crore in FY24, as against Rs 123 crore in FY23 Strong balance sheet with cash position at Rs. 476 crore in FY24 The Board of Directors have recommended dividend of Rs 10/- per equity share (@ 500%) inclusive of special dividend of Rs 5/- per equity share of the face value of Rs 2 each for the financial year ended March 31, 2024(subject to the approval of the Shareholders at the ensuing Annual General Meeting). Commenting on the performance during the quarter, Ajit Jhunjhunwala, Vice Chairman and Managing Director, said, “Our performance for the quarter was subdued owing to lower consumer discretionary spending and some softness in general trade channels. Despite a challenging external environment, we have strived to maintain our margin position by focusing on stringent cost control measures and maintaining optimum utilisation levels. Our commitment to understanding customer needs drives our efforts in portfolio expansion through value-added products and new categories. While our revenues were lower on a sequential basis due to festive sales in Q3FY24, our dedication to highquality products and strong brand recognition positions La Opala to capitalise on the anticipated upward demand movement. Our extensive experience, manufacturing capabilities, robust partner network, and strong brand recall make us the preferred choice among customers.” Result PDF
Houseware company La Opala RG announced Q3FY24 & 9MFY24 results: Key Financial Highlights for Q3FY24: Revenue from operations stood at Rs 107 crore in Q3FY24, compared to Rs 89 crore in Q2FY24. EBITDA reached Rs 41 crore in Q3FY24, up from Rs 34 crore in Q2FY24. EBITDA margin was 38% in Q3FY24, slightly lower than 39% in Q2FY24. Profit after tax (PAT) amounted to Rs 44 crore in Q3FY24, compared to Rs 31 crore in Q2FY24. The extensive range of value-added products contributed to better realizations. Key Financial Highlights for 9MFY24: Revenue from operations was Rs 283 crore in 9MFY24, down from Rs 343 crore in 9MFY23. EBITDA stood at Rs 110 crore in 9MFY24, compared to Rs 132 crore in 9MFY23. EBITDA margin was 39% in 9MFY24, slightly higher than 38% in 9MFY23. PAT amounted to Rs 104 crore in 9MFY24, compared to Rs 94 crore in 9MFY23. Commenting on the performance during the third quarter, Ajit Jhunjhunwala, Vice Chairman and Managing Director, said, “Our performance for the quarter was tepid given the challenging external environment and subdued consumer spending. The revenue on a sequential basis was up while we managed to maintain our margins owing to our stringent focus on operational parameters including capacity utilisation and cost control measures. Despite the short-term headwinds, we believe that the India growth story is here to stay. We will be able to capitalise on emerging trends on the back of our years of experience, manufacturing capabilities, extensive partner network, and strong brand recall among customers. We are also working towards increasing our offerings to customers through product portfolio expansion largely towards value added products and category expansion.” Result PDF