Nupur Recyclers, a recycling and processing ferrous and non-ferrous metal scraps company, has revealed its unaudited financial results for the quarter ending 30th September, 2024. Despite a 30.30 per cent Year-on-Year (YoY) decline in total income to Rs 5,349.16 lakhs from Rs 7,674.48 lakhs in Quarter Two Financial Year 2024 (Q2 FY24), the company delivered impressive growth in profitability and margins, underscoring its strategic resilience and operational efficiency.
Operating Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) surged 156.61 per cent YoY to Rs 589.84 lakhs, lifting the EBITDA margin by 1,031 basis points to 15.35 per cent. Profit After Tax (PAT) nearly doubled, growing 96.90 per cent YoY to Rs 475.82 lakhs, with the PAT margin improving by 575 basis points to 8.90 per cent. The performance highlights the company’s focus on enhancing operational efficiency despite revenue headwinds.
Key margin improvements in Q2 FY25 include Operating EBITDA margins rising from 3.00 per cent in Q2 FY24 to 11.03 per cent and PAT margins nearly tripling from 3.15 per cent to 8.90 per cent.
Rajesh Gupta, Managing Director (MD), Nupur Recyclers said, “We are delighted with our strong financial performance in Q2 FY25, marked by significant growth in both EBITDA and PAT. These results reflect our focus on operational efficiency and strategic expansions in metal recycling. Our new ventures into aluminium extrusion and lithium-ion battery recycling demonstrate our commitment to sustainability and innovation. These initiatives will position NRL at the forefront of eco-friendly solutions in the evolving industrial landscape.”
In addition, the company has announced plans to expand its operations into aluminium extrusion and lithium-ion battery recycling. A cutting-edge facility dedicated to metal scrap processing and these emerging sectors is set for completion by 2027, aligning with growing demand for eco-friendly industrial solutions, particularly in the Electric Vehicle (EV) market.
