The company also reported a growth in Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to ₹43 crore, up 10% from ₹48 crore last year. Margins also improved by 150 basis points to 18.7% from 17.2% last year.
The laminates manufacturer, for whom exports bring in the majority of the revenue, in the June quarter earned ₹205 crore from export business, while the remaining ₹78 crore came from domestic sales. Revenue from exports increased by 21% year-on-year.
The company is expanding its manufacturing capacity with a new plant in Panchkula, Haryana, which will be its third laminates plant. Operations are expected to commence in October 2025, and the construction of the expansion is progressing well, according to a stock exchange filing.
In May, the company in the Q4 FY25 results announced that its net profit declined 21% year-on-year to ₹29.60 crore, compared to a profit of ₹37 crore during the same quarter last year. The firm’s EBITDA also fell 10% to ₹43 crore as against ₹48 crore in the same period a year ago.
Also read: Stylam Industries shares jump 6% after anti-dumping duty imposed on key product
Shares of the company closed at ₹1780.1, up 2% on the BSE on August 1. The stock has gained as much as 11% over the last month.
