Captain Polyplast Limited (CPL, BSE: 536974) is one of the largest manufacturer and exporter of micro-irrigation solutions and has forayed into solar EPC and polymer business. The Company has declared its Unaudited financials for Q3 FY25.
Q3 FY25 Consolidated Key Financials
• Total Income of Rs. 90.90 Cr, up 8.90%
• EBITDA of Rs. 11.95 Cr, up 23.30%
• EBITDA Margin (%) of 13.14%, up 153 BPS
• Net Profit of Rs. 6.73 Cr, up 35.46%
• Net Profit Margin (%) of 7.40%, up 145 BPS
• EPS of Rs. 1.21, up 23.47%
Ritesh Khichadia, Whole Time Director of Captain Polyplast Limited said, "We are pleased with our Q3 FY25 performance, which reflects steady growth and improved profitability. We have achieved the highest quarterly revenue in company's history at INR 90.90 crores which was driven by both our micro irrigation and solar EPC business.”
“In the MIS business, we saw improved demand from a few crucial states, which is expected to continue in Q4 as well. In the solar EPC business, we got empanelled under PM Surya Ghar Yojna in Telangana and Andhra Pradesh increasing our presence to 6 states now in the project.”
“Our profitability improved during the quarter on account of lower input costs and our focus on operational efficiency. An important development during the quarter was fund raise of INR 34.56 through preferential warrants. This fund raise will play critical role in expediting our future growth."
Captain Polyplast Limited (CPL) is one of the largest player in micro irrigation industry, manufacturing and exporting micro irrigation equipment for various agricultural applications.
Founded in 1997, the company has over 25 years of experience and has manufacturing facilities in Rajkot, Gujarat and Kurnool, Andhra Pradesh. The company has a strong distribution network in 16 states in India and has a significant market share in micro irrigation. The company also exports to Africa, Latin America and Middle East.
Recently CPL forayed into solar EPC business and has partnered with IOCL for polymer product marketing in Gujarat. Known for its quality, reliability and durability the company is getting recognition in both domestic and international market.
The company's upcoming Ahmedabad plant which will start operations in Q1 FY26 has 70,000 sq. ft. area and is strategically located. This will help in increasing manufacturing efficiency and profitability by focusing on critical components for company's micro irrigation segments and thereby increasing production capacity.
Going forward the company will increase the mix of commercial sales including non-subsidy micro irrigation (MI) sales, PVC pipes and exports to optimize working capital. The company will expand its network both domestic and international and expect better capacity utilization and profitability.