Investors Presentation on Unaudited Financial Results for the half year ended on 30th September 2025
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Srigee DLM Limited, a design-led plastic component manufacturer serving brands like Symphony, Havells, LG and Yamaha, shared an investor presentation along with its H1 FY26 (April–September 2025) unaudited results. H1 FY26 revenue fell sharply to ₹2,088 lakhs from ₹3,607 lakhs in H1 FY25, while PAT dropped to ₹134 lakhs from ₹231 lakhs. Despite the revenue decline, H1 FY26 EBITDA margin actually expanded to about 22.5% from 20.2% a year earlier, driven by lower raw material costs as a share of sales. For full-year FY25, the company reported revenue of ₹7,123 lakhs (up 31% YoY), EBITDA of ₹750 lakhs (margin 10.51% vs 8.91%) and PAT of ₹501 lakhs (margin 7.03% vs 5.36%). The company is undertaking a major 5X capacity expansion at a new integrated facility in Ecotech-10, Greater Noida, construction of which has commenced. Top 10 customers contribute nearly 89% of revenue, with Uttar Pradesh accounting for about 60%, highlighting concentration risks. The stock trades near its 52-week low at ₹116.95 with a market cap of around ₹70 crore.
The sharp H1 FY26 revenue contraction is a negative signal suggesting demand weakness or customer destocking, but the margin defense and a visible 5X capacity build-out signal management's confidence in long-term growth. Shareholders should watch for revenue recovery in H2 FY26 and timely execution of the new Greater Noida facility before drawing comfort from the margin story.