Ahmedabad, May 6: Narmada Macplast Drip Irrigation Systems Limited (BSE: 517431), engaged in import-export and consultancy of plastic products and raw materials, reported a sharp jump in revenue and profitability for the quarter and financial year ended March 31, 2025.
In the March 2025 quarter, the company posted a revenue of Rs. 247.39 lakh, a jump of 624.4% from Rs. 34.15 lakh recorded in the same quarter of the previous year. Narmada Macplast reported a net profit of Rs. 43.17 lakh during the quarter, a significant turnaround from the net loss of Rs. 3.06 lakh in the same period last year.
For the financial year 2024–25, revenue surged by 285% to Rs. 698.40 lakh, compared to Rs. 181.27 lakh in the financial year 2023-24. The company posted a net profit of Rs. 539.17 lakh for the year, more than 3,000 times higher than the Rs. 0.18 lakh posted in the previous year.
A spokesperson of Narmada Macplast Drip Irrigation Systems Limited, said, “Our strong financial performance in the March quarter and financial year 2024-25 is the result of improved operational efficiencies, strong market demand, and our strategic initiatives. We are committed to sustainable growth and long-term value creation for our stakeholders.”
Separately, the Board of Directors of Narmada Macplast is scheduled to meet on Friday, 9 May, to consider the interim dividend for the financial year 2025–26. The record date to determine the shareholder eligibility for the interim dividend is 16 May 2025, subject to declaration and necessary Board approvals.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
