Safari Industries India Limited has announced its financial results for the third quarter ending December 31, 2024, highlighting a mixed performance across key metrics.
The company’s net profit declined by 27.7% to ₹31.1 crore compared to ₹43 crore in the same period last year. The dip was primarily attributed to higher costs impacting margins despite revenue gains.
Key Financial Highlights:
- Revenue: ₹442.7 crore, up 14% YoY from ₹388.3 crore in Q3 FY24, driven by continued sales momentum in its product lines.
- EBITDA: ₹418.6 crore, representing a 2.7% YoY increase from ₹346.8 crore last year, reflecting marginal operational efficiency gains.
- EBITDA Margin: Improved to 94.6% from 89.3% in the year-ago period, signaling efforts to control variable expenses.
- Net Profit: ₹31.1 crore, reflecting a 27.7% decline YoY as cost pressures impacted the bottom line.
Despite the challenges on the profit front, Safari Industries remains focused on sustaining growth through operational improvements and market expansion initiatives.
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