“We are pleased to announce our strong financial performance for Q2 FY25, with significant growth in both EBITDA and PAT. Our improved margins are a direct result of our focused approach and strategic expansions in metal recycling and related products.” Rajesh Gupta, Managing Director, Nupur Recyclers Limited
Nupur Recyclers Limited (NSE: NRL), a leading player in the recycling and processing of ferrous and non-ferrous metal scraps, announced its unaudited financial results (stand-alone and consolidated) for the quarter ended September 30, 2024. The results showcased robust growth in profitability and operating margins, reflecting the company’s strategic initiatives and operational efficiency.
In Q2 FY25, the company delivered notable financial performance despite a 30.30% YoY decline in total income to ₹5,349.16 lakh from ₹7,674.48 lakh in Q2 FY24. Operating EBITDA surged 156.61% YoY to ₹589.84 lakhs, boosting the EBITDA margin to 15.35%, an increase of 1,031 basis points. Profit After Tax (PAT) nearly doubled to ₹475.82 lakh, up 96.90% YoY from ₹241.66 lakh, with the PAT margin improving by 575 bps to 8.90%. These results underscore the company’s operational efficiency and profitability amid revenue challenges.
The company achieved notable profitability improvements in Q2 FY25, with Operating EBITDA margins rising from 3.00% in Q2 FY24 to 11.03% and PAT margins nearly tripling from 3.15% to 8.90%. These gains highlight enhanced operational efficiency and a strong focus on delivering results.
NRL’s robust financial performance is complemented by its focus on strategic growth initiatives. The company recently announced its plans to expand into metal scrap processing, aluminium extrusion, and lithium-ion battery recycling. A state-of-the-art facility dedicated to these operations is planned for completion by 2027, aligning with the rising demand for sustainable and eco-friendly industrial solutions, particularly in the electric vehicle (EV) segment.
Commenting on the performance and future plans, Rajesh Gupta, Managing Director of Nupur Recyclers Limited, said: “We are pleased to announce our strong financial performance for Q2 FY25, with significant growth in both EBITDA and PAT. Our improved margins are a direct result of our focused approach and strategic expansions in metal recycling and related products.
“Looking ahead, we are thrilled to embark on new ventures in aluminium extrusion and lithium-ion battery recycling. These initiatives demonstrate our commitment to sustainability and innovation, ensuring NRL remains at the forefront of eco-friendly solutions in an evolving industry.”
