Carysil Q1 Results Review - Commences FY25 On A Strong Note; Assign Buy: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Navigating through global turmoil, Carysil Ltd. registered a strong growth in Q1 FY25, wherein topline increased by 42%YoY (low-base impact) and 6% QoQ to Rs 2.01 billion (highest quarterly turnover). Quartz/Stainless Steel/Others/Solid Surfaces registered a growth of 42%/38%/27%/50% YoY respectively and constituted 46%/11%/11%/32% of revenue respectively which was largely driven by volume growth of 49%/86%/27% YoY for Quartz/Stainless steel/Others respectively.Realisations for Quartz sinks and Stainless Steel Sinks contracted by 5%YoY and 25%YoY respectively, majorly due to change in product-mix. For Carysil Products Ltd, revenue (Mn GBP) grew by 36%YoY to wherein Quartz sales (49% of revenue) increased by 59%YoY.Carysil Surface and United Granite LLC also displayed sequential improvement 14% each in Q1 FY25. Overall, domestic revenue constituted 18% of turnover and registered a growth of 15%YoY and overseas sales (82% of revenue), grew by 50%YoY. Gross profit margin was under pressure due to higher freight cost and change in product mix.Consequently, Ebitda margins came in at 17.8% versus 18.4%/18.1% in Q1 FY24/Q4 FY24 respectively..Click on the attachment to read the full report:.KIMS Q1 Results Review - Expansion Plans On Track; Arpob Up On Volumes, Less Alos; Buy: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Carysil Q1 Results Review - Commences FY25 On A Strong Note; Assign Buy: Yes Securities

With the company entering new geographies and onboarding new customers, reckon company’s Quartz sinks volumes should grow by 22%CAGR over FY24-FY26E, says the brokerage.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Carysil Q1 Results Review - Commences FY25 On A Strong Note; Assign Buy: Yes Securities

With the company entering new geographies and onboarding new customers, reckon company’s Quartz sinks volumes should grow by 22%CAGR over FY24-FY26E, says the brokerage.

Choose a plan

Follow Us

DOWNLOAD THE APP