RSWM Limited has informed the Exchange about Transcript
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RSWM filed the transcript of its Q4 & FY25 earnings call. For FY25, revenue grew 18.9% to ₹4,825 crore, with EBITDA up 76.8% to ₹233 crore (margin improving from 3.2% to 4.8%), though the company remained in a PAT loss of ₹41 crore due to high finance and depreciation costs. In Q4 alone, revenue rose 7.2% YoY to ₹1,256 crore, EBITDA jumped 44.8% to ₹79 crore at a 6.2% margin, and PAT turned positive at ₹1.6 crore versus a ₹8 crore loss in Q3 FY25. Management attributed the improvement to internal efficiencies, inventory liquidation, and better utilization in denim and knitting, while cotton yarn spreads stayed under pressure. Total debt stood at ₹1,700 crore (including ₹700 crore term loan), with the CFO outlining a plan to refinance high-cost borrowings, prepay loans, and improve working capital to lower the debt-to-equity ratio. Management sees the India-UK FTA as a major growth lever and indicated no major CAPEX is planned for FY26 beyond maintenance.
The call signals a credible operational turnaround — quarterly PAT has turned positive and EBITDA margins are trending up, which is positive for the stock. However, full-year losses, elevated debt, and weak cotton spreads remain overhangs; near-term performance hinges on execution of the debt reduction roadmap and sustaining Q4's margin trajectory.