Image Source: Money Mint Idea
Stallion India Fluorochemicals Ltd (SIFL) has successfully settled a major liability with Zhejiang Sanmei Chemical Industry Co. Ltd., making a total payment of $1.3 million (approx. ₹10.71 crore) to resolve an old outstanding claim and associated legal matters. This strategic move is expected to bolster the company’s financial position and support its ongoing expansion plans.
Key Highlights
Full Settlement Achieved: SIFL made a partial payment of USD 565,625 earlier, with the balance of USD 685,665 paid by April 30, 2025, completing the $1.3 million settlement with Zhejiang Sanmei Chemical Industry Co. Ltd.
One-Time Provision: The company made a one-time provision of ₹10.71 crore in FY25 accounts to cover the settlement, impacting reported profits but resolving a long-standing dispute.
Strong Financial Performance: Despite the provision, SIFL reported robust financials for FY25:
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Total revenue: ₹379.47 crore
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EBITDA: ₹49.74 crore
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Profit After Tax (PAT): ₹32.33 crore
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Excluding the settlement provision, PAT would have been ₹43.04 crore, highlighting strong operational performance.
Operational Excellence: Q4 FY25 revenue surged to ₹153.16 crore, up nearly 80% quarter-on-quarter, with significant improvements in EBITDA and PAT, reflecting successful execution of strategic initiatives.
Strategic Focus: The settlement clears the path for SIFL to focus on its growth vision for FY26 and beyond, including expansion in specialized refrigerant and industrial gas markets.
Corporate Developments: The company also saw board changes, with the resignation of a non-executive independent director in April 2025, and continued compliance and transparency in disclosures.
Industry Position: SIFL remains a key player in the Indian refrigerant and industrial gases sector, serving critical industries such as semiconductors, automotive, electronics, and pharmaceuticals.
“We are pleased to report a robust financial performance for Q4 FY25, reflecting the successful execution of our strategic initiatives and continued operational excellence. The one-time settlement provision demonstrates our commitment to resolving legacy issues and focusing on future growth.”
— Shazad Sheriar Rustomji, Managing Director & CEO, Stallion India Fluorochemicals Ltd.
Source: Business Standard, The Economic Times, Screener, Tribune India
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