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Shaily Engineering Plastics Delivers Strong Q4: Revenue and Profit Surge on Robust Demand

Updated: May 13, 2025 19:31

Image Source: Shaily
Shaily Engineering Plastics Ltd has reported impressive financial results for the quarter ended March 2024, signaling robust operational performance and strong demand across its product segments. The company posted a consolidated revenue from operations of ₹2.18 billion (₹218 crore) and a consolidated net profit (PAT) of ₹285.9 million (₹28.59 crore), marking a significant year-on-year growth.
 
Key Highlights:
  • Revenue Growth: Consolidated revenue from operations for the March 2024 quarter stood at ₹218 crore, up 26.8% from ₹134.5 crore in the same quarter last year, reflecting healthy demand and successful client acquisitions.
  • Profit Surge: Net profit soared 94.8% year-on-year to ₹28.59 crore, compared to ₹14.67 crore in the March 2023 quarter, driven by improved operational efficiencies and higher-margin product mix.
  • Operating Performance: The company’s operating profit margin (OPM) expanded to 20.34% from 18.74% a year ago, indicating better cost management and pricing power.
  • Annual Performance: For the full year ended March 2024, Shaily Engineering Plastics reported a 6% rise in sales to ₹643.87 crore and a 63% jump in net profit to ₹57.29 crore, underscoring sustained growth momentum.
  • Market Position: The strong quarterly and annual results highlight Shaily’s growing stature in the engineering plastics industry, supported by a diversified product portfolio and expanding customer base.
With these robust numbers, Shaily Engineering Plastics is well-positioned for continued growth in the coming quarters, buoyed by operational excellence and strategic expansion.
 
Sources: Business Standard, Capital Market, Economic Times

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