Remsons Industries: Accelerated Growth through Strategic Acquisitions

Remsons Industries Ltd, a prominent automotive OEM components manufacturer, reported significant financial growth for Q2 and H1 of FY25. With a 20% increase in revenue and strategic initiatives including acquisitions and enhanced operational efficiency, the company is set to achieve ambitious financial targets by FY28.

Mumbai, November 14, 2024: Remsons Industries Ltd, a leading player in automotive OEM components manufacturing, has released its financial statements for the quarter and half year ending September 30, 2024. The company's results reveal substantial growth across various financial metrics, showcasing its robust performance.

In the second quarter of FY25, Remsons reported a revenue boost to Rs. 913 million, a 20% increase from the previous year's Rs. 763 million. Profit Before Tax (PBT) and Profit After Tax (PAT) demonstrated upward trends with respective increases of 14% and 11%. Although EBITDA saw a slight dip from Rs. 82 million to Rs. 75 million, PAT improved to Rs. 31 million.

The first half of FY25 saw a revenue rise to Rs. 1678 million from Rs. 1491 million in H1 FY24, along with notable PBT and PAT growth of nearly 22%. Remsons attributes its positive financial trajectory to strategic initiatives, including acquisitions like BEE Lighting, UK, operational efficiencies, and strong export gains.

(With inputs from agencies.)