Rajoo Engineers Delivers Strong Q1 FY25 Performance

Rajoo Engineers Limited, a leading plastic extrusion machine manufacturer in India, announced robust financial results for the quarter ended June 30, 2024 (Q1 FY25).

Financial Highlights

The company recorded a substantial 63.01% year-on-year (YoY) increase in revenue from operations to ₹50.87 crore. This growth was driven by a strong order book, with deliveries scheduled across multiple quarters.

EBITDA (excluding other income) surged by 144.41% YoY to ₹7.12 crore, reflecting improved operational efficiency and cost management. Consequently, profit after tax (PAT) witnessed a remarkable 116.97% YoY growth, reaching ₹5.34 crore. This translated to a healthy PAT margin of 10.50%.

Strategic Initiatives

Rajoo Engineers has undertaken several strategic initiatives to drive growth and enhance operational capabilities. The company expanded its manufacturing capacity by 30% through the inauguration of a new facility in Rajkot, which spans across 18,000 square feet. This investment underlines the company’s commitment to meeting increasing market demand.

To align with the government’s focus on renewable energy, the company formed Shrutina Nexgen Solar LLP in partnership with promoter group entities. This venture aims to leverage solar power, promote environmental sustainability, and comply with government regulations.

Furthermore, Rajoo Engineers launched the Proex series of high-performance blown film lines. Equipped with advanced RELEX 4.0 extruders and CSD 4.0 die, this new product line offers enhanced energy efficiency, higher output, and superior film quality, solidifying the company’s position as a technology leader in the industry.

Outlook

The strong performance in Q1 FY25, coupled with strategic investments and product launches, positions Rajoo Engineers for continued growth and success. The company’s focus on expanding manufacturing capacity, adopting sustainable practices, and introducing innovative product offerings demonstrates its commitment to meeting the evolving needs of the plastic extrusion industry.

Commenting on the Company’s performance, Ms Khushboo Chandrakant Doshi, Managing Director, Rajoo Engineers Ltd, said: During the first quarter ended 30th June 2024, we have registered a Revenue of ₹50.87 crore, EBITDA of ₹7.12 crore and PAT of ₹5.34 crore. During the quarter we had an encouraging order book and also the lifting of the machines was better compared to the corresponding previous quarter.

The recent expansion of our Rajkot facility marks a significant milestone in our journey of growth and innovation. This development increases our manufacturing capacity by 30%, spanning an impressive 18,000 sq. ft. with an additional 7,000 sq. ft. dedicated to the QCA. Our strategic investment not only boosts production capabilities but also exemplifies our commitment to excellence.”

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