Throughout Wednesday’s buying and selling session, the shares of certainly one of India’s main producers of Polyester Filament Yarn surged practically 9 p.c to Rs. 50.78 on BSE, after the corporate introduced growth plans and reported an increase in web revenue by 251 p.c QoQ and 35 p.c YoY in FY25.
With a market cap of Rs. 2,217 crores, the shares of Filatex India Restricted closed within the inexperienced at Rs. 49.95, up by round 7 p.c, as in comparison with its earlier closing value of Rs. 46.65.
What’s the information
The fluctuations within the share costs had been noticed after Filatex Ind Restricted introduced the monetary outcomes for Q3 FY25, by the rece filings with the inventory alternate
For Q3 FY25, Filatex India reported income from operations of Rs. 1,068.7 crores, registering a marginal enhance of round 2 p.c QoQ from Rs. 1,049 crores in Q2 FY25, in addition to an increase of about 1.3 p.c YoY from Rs. 1,083 crores in Q3 FY24.
The corporate’s web revenue for Q3 FY25 grew to Rs. 47.4 crore representing a big rise of round 251 p.c QoQ from Rs. 13 crores in Q2 FY25, and a year-on-year enhance of practically 35.4 p.c from Rs. 35 crores in Q3 FY24.
In Q3 FY25, the corporate reported a rise in EBITDA to Rs. 75.4 crores, reflecting a powerful 65 p.c QoQ progress in comparison with Rs. 45 crores in Q2 FY25.
Growth Plans
The corporate’s Board has permitted an growth mission for extra manufacturing services at its current unit in Dahej. This contains 19,800 MTPA of Partially Oriented Yarn (POY), 14,400 MTPA of Absolutely Drawn Yarn (FDY), and 14,400 MTPA of Draw Textured Yarn (DTY).
The estimated price of this growth is about Rs. 155 crores, with an anticipated commissioning date of June 2026. Moreover, the Board has permitted an funding of round Rs. 24 crores in a brand new hybrid energy mission in collaboration with Torrent Energy Restricted (TPL).
The mission shall be arrange, owned, and operated by TPL or its wholly owned Particular Objective Automobile (SPV) and/or its associates, situated in Gujarat. The mission is predicted to be commissioned by September 2025.
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Inventory Efficiency
The inventory has delivered unfavourable returns of practically 18 p.c in a single yr, in addition to round 20 p.c returns within the final six months. Equally, the shares of Filatex India have given unfavourable returns of about 18 p.c within the final one month.
Concerning the Firm
Filatex India Restricted is primarily engaged within the enterprise of producing of polyester chips, absolutely drawn yarns (FDY), polypropylene multifilame crimp yarns, polyester partially oriented yarns (POY), drawn textured yarns (DTY), and slender woven materials.
Written by Shivani Singh
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