Shares of Indo Count Industries Limited (ICIL) jumped 12% to ₹299.85 following the release of its Q3 FY25 financial results and the announcement of a new manufacturing facility in North Carolina, U.S.
Q3 FY25 Financial Performance:
Indo Count reported a 29.99% increase in net profit, reaching ₹75.47 crore in the quarter ended December 2024, compared to ₹58.06 crore in the same quarter last year. Revenue from operations surged 61.41% YoY, rising from ₹713.42 crore to ₹1,151.55 crore.
The operating profit margin (OPM) stood at 12.97%, slightly lower than 14.61% recorded in the year-ago period. Profit before depreciation and tax (PBDT) climbed 30% YoY to ₹129.88 crore, while profit before tax (PBT) rose 27% YoY to ₹99.55 crore.
Stock Performance Details:
- Current Share Price: ₹299.85 (+12%)
- Day’s Range: ₹273.55 – ₹299.55
- Previous Close: ₹269.65
- 52-Week Range: ₹258.00 – ₹450.65
- Market Cap: ₹58.82 billion
- P/E Ratio: 19.03
- Dividend Yield: 0.74%
Expansion into North Carolina, U.S.:
Indo Count has announced a new greenfield manufacturing facility in North Carolina, expanding its U.S. presence across the East Coast, West Coast, and Midwest.
Key Highlights of the Expansion:
- New Facility: Indo Count Global East Inc., a subsidiary of ICIL, will operate the North Carolina facility to boost its utility bedding business.
- Production Capacity: The facility will manufacture 18 million pillows annually to meet growing demand.
- Investment: The project is valued at $15 million, structured under a 75:25 debt-equity model.
- Manufacturing Footprint: The plant will complement Indo Count’s existing U.S. operations in Phoenix, Arizona (West Coast) and Columbus, Ohio (Midwest).
- Revenue Impact: Indo Count projects aggregate revenue of $175 million from its three U.S. manufacturing units once the facility is fully operational.
- Increased Capacity: The company’s total U.S. annual manufacturing capacity will now reach 31 million pillows and 1.5 million quilts across three locations.
This expansion aligns with Indo Count’s strategic focus on increasing global market share, enhancing supply chain efficiencies, and strengthening its utility bedding business in North America.
