Sprayking Ltd. Reports Stellar Q1FY25 Earnings, PAT Jumps 126% YoY

Sprayking Limited. (BSE: 540079), a leading player engaged in the manufacturing of brass components and parts, has announced its earnings for the quarter ended 30 June 2024. 

For Q1FY25, Revenue stood at Rs. 3586.08 Lakhs, showing a steady growth of 119.17% YoY. EBITDA came in at Rs. 444.30 Lakhs. The company reported a Profit Before Tax (PBT) of Rs. 329.87 Lakh for the quarter, reflecting a robust growth compared to the previous quarter and a substantial improvement from the same period in the previous year. Basic Earnings Per Share (EPS) for the quarter were Rs. 0.44, and Diluted EPS stood at the same value. The total comprehensive income for the quarter was Rs. 234.76 Lakh, including both profit and other comprehensive income, recording a growth of 126% YoY.

Earlier, that its board has approved issue of Bonus shares to the equity shareholders of the Company, in the ratio of 1:1. This significant move underlines the company's commitment to rewarding its investors and signifies the substantial growth and success achieved over the years. The company has announced August 21, 2024 as record date for the bonus issue.

Earlier, Sprayking Limited announced that the Company has secured INR 15 Million Order, for 25 Tonnes Brass Rod from New Domestic Client. This order marks a significant milestone for the company and underscores its growing presence in the domestic market.

The order comes at an opportune time for Sprayking Limited, as the company has recently inaugurated a new state-of-the-art manufacturing facility. This facility, equipped with advanced machinery and technology, has substantially enhanced the company’s production capabilities and efficiency. The new factory represents a strategic investment aimed at meeting increasing demand and ensuring the highest standards of quality in brass rod production.

Formerly known as Sprayking Agro Equipment Limited, the Company have now rebranded itself as Sprayking Limited. This change reflects our evolving business strategy and broader aspirations as we continue to expand our product offerings and explore new avenues in the market.

Established in 2005, Sprayking Limited is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components. Sprayking is a renowned manufacturer specializing in copper forging products. With a commitment to quality craftsmanship and exceptional design, Sprayking aims to provide customers with a diverse range of functional and decorative copper products. Sprayking is in the business of manufacturing and trading of agricultural sprayer parts & garden fittings, extruded brass rods, brass fittings & lead free.

Brass fittings and forging specialty. The Company has a truly global presence with an unparalleled clientele in USA, Europe, Australia, Canada, South Africa, UAE & India. The high-quality Products, Technical knowledge & infrastructure enable Company to encompass global markets.

Sprayking, a leading forging company renowned for its commitment to innovation and excellence, has its state-of-the-art Research and Development (R&D) facility. This cutting-edge facility represents a belief of Company in advancing forging technologies and processes, further solidifying Sprayking's position as an industry leader in its region.

Recently, the company bought a new manufacturing facility in Gujarat's Jamnagar. Like the company's current manufacturing facility, the unit will produce brass and forging components and parts. This 3,000 square meter modern manufacturing plant is spread out. The company's market position will be strengthened with the installation of this production plant.

In an effort to grow the company, Sprayking Limited recently purchased more than 51% share in M/s. Narmada Brass Industries. Mr. Hitesh Dudhagra founded the partnership venture Narmada Brass Industries in 2019. Narmada Brass produces copper brass goods at its own production facility. The manufacturing facility can produce 2,000 tons of forged goods annually. With this acquisition, the business is expanding rapidly and meeting new orders from the domestic and international markets.

Acquired its new manufacturing facility at Jamnagar, Gujarat with the view of expasion. The unit will be manufacturing brass and forging components/parts like the existing manufacturing facility of the Company. This new Manufacturing facility is spread over 3,000 sq. mtr which has been acquired by the Company on rent from the third party.