Narmada Macplast Sees Record Revenue Surge Amid Market Boom

Narmada Macplast Drip Irrigation Systems Limited, listed on the BSE as 517431, announced a remarkable surge in revenue and profitability for the quarter ending March 2025. The company's revenue leaped by 624.4% to Rs. 247.39 lakh, a significant rise from Rs. 34.15 lakh in the same period the previous year. The net profit reached Rs. 43.17 lakh, a notable recovery from last year's net loss of Rs. 3.06 lakh.

For the financial year 2024-25, the company's revenue skyrocketed by 285% to Rs. 698.40 lakh from Rs. 181.27 lakh recorded in 2023-24. Net profit for the year soared to Rs. 539.17 lakh compared to the Rs. 0.18 lakh posted in the previous year, a more than 3,000-fold increase.

A Narmada Macplast spokesperson attributed the exceptional financial performance to heightened operational efficiencies and strong market demand, alongside strategic initiatives. The company's Board of Directors is slated to convene on May 9 to discuss the interim dividend for the financial year 2025-26, with a record date set for May 16, pending approvals.

(With inputs from agencies.)