{"id":42039,"date":"2024-08-15T16:34:45","date_gmt":"2024-08-15T11:04:45","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2024\/08\/15\/sky-industries-reports-65-growth-in-consolidated-ebidta-108-growth-in-consolidated-net-profit-for-q1-fy25\/"},"modified":"2024-08-15T16:34:45","modified_gmt":"2024-08-15T11:04:45","slug":"sky-industries-reports-65-growth-in-consolidated-ebidta-108-growth-in-consolidated-net-profit-for-q1-fy25","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2024\/08\/15\/sky-industries-reports-65-growth-in-consolidated-ebidta-108-growth-in-consolidated-net-profit-for-q1-fy25\/","title":{"rendered":"Sky Industries reports 65% growth in Consolidated EBIDTA &amp; 108% growth in Consolidated Net Profit for Q1 FY25"},"content":{"rendered":"<div>\n<div>\n<p><strong>New Delhi [India] August 15:<\/strong> Sky Industries\u00a0Limited,\u00a0(BSE \u2013 526479), one of the\u00a0prominent\u00a0Hook and Loop manufacturer and exporter,\u00a0announced\u00a0its\u00a0Unaudited\u00a0Financial Results for\u00a0Q1\u00a0FY25.<\/p>\n<p><strong>Q1 FY25\u00a0Key Financial\u00a0Highlights<\/strong><strong>\u00a0<\/strong><\/p>\n<p><strong>Consolidated<\/strong><\/p>\n<p>* Total Income of\u00a0\u20b9\u00a022.57 Cr, YoY growth of 13.47%<\/p>\n<p>* EBITDA of\u00a0\u20b9\u00a02.80 Cr, YoY growth of 65.20%<\/p>\n<p>* EBITDA Margin of 12.40%, YoY growth of 388 Bps<\/p>\n<p>* Net Profit of\u00a0\u20b9\u00a01.59 Cr, YoY growth of 107.93%<\/p>\n<p>* Net\u00a0Profit(%) of 7.03%, YoY growth of 319 Bps<\/p>\n<p>* EPS of\u00a0\u20b9\u00a02.01, YoY growth of 107.22%<\/p>\n<p><strong>Standalone<\/strong><\/p>\n<p>* Total Income of\u00a0\u20b9\u00a022.49 Cr, YoY growth of 13.08%<\/p>\n<p>* EBITDA of\u00a0\u20b9\u00a02.88 Cr, YoY growth of 70.17%<\/p>\n<p>* EBITDA Margin of 12.79%, YoY growth of 429 Bps<\/p>\n<p>* Net Profit of\u00a0\u20b9\u00a01.66 Cr, YoY growth of 117.34%<\/p>\n<p>* Net\u00a0Profit(%) of 7.37%, YoY growth of 354 Bps<\/p>\n<p>* EPS of\u00a0\u20b9\u00a02.10, YoY growth of 116.49%<\/p>\n<p>Mr.\u00a0Maikal\u00a0Raorani,\u00a0Whole\u00a0time\u00a0Director\u00a0and\u00a0CFO, Sky Industries Limited,\u00a0said\u00a0\u201cWe are delighted to share our outstanding financial performance for the first quarter of FY25. The quarter marked an exceptional start to the financial year, with our\u00a0Net profit\u00a0showing a remarkable growth of over 100% compared to the same period last year. This significant achievement underscores our strategic focus on operational efficiency, innovation, and market expansion.<\/p>\n<p>During this quarter, Sky Industries had the privilege of participating in the prestigious\u00a0Techtextil\u00a02024 Business Exhibition held in Frankfurt, Germany. The exhibition provided an excellent platform for us to showcase our latest trends and innovations in Technical Textiles.<\/p>\n<p>We are\u00a0also\u00a0pleased to announce that CRISIL Ratings Limited has reaffirmed our creditworthiness by assigning a rating of CRISIL BB+\/Stable for our long-term loan facilities and CRISIL A4+ for our short-term loan facilities, covering a total of\u00a0\u20b918.3 crore in bank facilities. This rating reflects our strong financial position and prudent management practices.\u201d<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India] August 15: Sky Industries\u00a0Limited,\u00a0(BSE \u2013 526479), one [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":42040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-42039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=42039"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/42040"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=42039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=42039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=42039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}