Nupur Recyclers Limited, a leading recycler and processor of ferrous and non-ferrous metal scraps, has announced its unaudited financial results (standalone and consolidated) for the quarter ended 30 September 2024. The results highlight robust growth in profitability and operating margins, driven by strategic initiatives and operational efficiencies.
Despite a 30.30 per cent year-on-year (YoY) decline in total income to Rs 5,349.16 lakhs, down from Rs 7,674.48 lakhs in Q2 FY24, the company achieved significant financial milestones in Q2 FY25. Operating EBITDA soared 156.61 per cent YoY to Rs 589.84 lakhs, with the EBITDA margin expanding by 1,031 basis points to 15.35 per cent. Profit After Tax (PAT) almost doubled to Rs 475.82 lakhs, marking a 96.90 per cent YoY increase from Rs 241.66 lakhs, while the PAT margin improved by 575 basis points to 8.90 per cent.
The company's profitability gains are evident in the growth of operating EBITDA margins, which increased from 3.00 per cent in Q2 FY24 to 11.03 per cent, and PAT margins, which rose from 3.15 per cent to 8.90 per cent. These metrics underscore NRL's enhanced operational efficiency and strong focus on delivering sustainable results amid revenue challenges.
NRL's robust performance is further bolstered by its focus on strategic growth. The company has announced plans to expand into metal scrap processing, aluminium extrusion, and lithium-ion battery recycling. A state-of-the-art facility is planned for completion by 2027 to support these ventures, addressing the rising demand for sustainable industrial solutions, particularly in the electric vehicle (EV) sector.
Rajesh Gupta, Managing Director of Nupur Recyclers Limited, commented on the results and future outlook: "We are pleased to report strong financial performance for Q2 FY25, with significant growth in both EBITDA and PAT. Our improved margins reflect our focused approach and strategic expansion in metal recycling and related segments. Looking ahead, we are excited to embark on ventures in aluminium extrusion and lithium-ion battery recycling. These initiatives reaffirm our commitment to sustainability and innovation, ensuring NRL remains at the forefront of eco-friendly solutions in an evolving industry."