BSEKaka Industries LtdMediumNeutral
Announced Thu, 15 May · 19:56 IST

Investor Presentation- H2 & FY25

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

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AI summary

Kaka Industries, a Gujarat-based PVC, UPVC and WPC profile manufacturer, reported FY25 revenue of ₹1,977.8 Mn, up 16.2% YoY, with EBITDA rising 22.8% to ₹260.8 Mn and EBITDA margin expanding 71 bps to 13.2%. However, profit after tax slipped 1% to ₹128.6 Mn as interest costs jumped 126% and depreciation doubled, both linked to the new Lasundra integrated plant. In H2FY25 alone, revenue grew 23.8% YoY to ₹1,023.3 Mn but EBITDA margin contracted 127 bps to 13%. Management highlighted that the plant is now running at higher utilisation since January 2025, recording its highest-ever monthly sales of ₹20 crore in that month.

Likely market impact

Top-line growth is healthy but bottom-line is under pressure from new-plant costs; near-term PAT may remain soft, though higher utilisation and upcoming 7.5 MW captive solar plant (₹25 Cr, Aug 2025) could support margin recovery — investors should watch for margin expansion in FY26.