Safari Industries (India) Ltd Share Price – NSE /  BSE

Plastic products, Small Cap

According to the regulatory filing the company said “this is to inform that Safari Manufacturing, the wholly owned subsidiary of the company, after completion of trial-runs, has successfully commenced its commercial production of luggage on 2 nd December 2024 at its newly set up greenfield manufacturing facility at Jaipur, Rajasthan.”

Safari Industries (India) is engaged in the manufacturing and marketing of luggage and luggage accessories.

Safari Industries (India) reported 25.40% decrease in consolidated net profit to Rs 29.66 crore in Q2 FY25 as compared to Rs 39.76 crore recorded in Q2 FY24. However, revenue from operations grew by 23.72% year on year (YoY) to Rs 457.79 crore in the quarter ended 30 September 2024.

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Safari Industries (India)  announced that Safari Manufacturing, the wholly owned subsidiary of the Company, after completion of trial-runs, has successfully commenced its commercial production/manufacturing of luggage today i.e. 2 December 2024 at its newly set up greenfield manufacturing facility at Jaipur, Rajasthan.

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Safari Industries (India) announced that the Board of Directors of the Company at its meeting held on 08 November 2024, has recommended a Interim dividend of Rs.1.50 per share (i.e.75%), subject to the approval of the shareholders.

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However, revenue from operations grew by 23.72% year on year (YoY) to Rs 457.79 crore in the quarter ended 30 September 2024.

Profit before tax stood at Rs 37.84 crore during the second quarter of FY25, down 27.07% from Rs 51.89 crore posted in same quarter last year.

Total expenses spiked 33.01% YoY to Rs 427 crore in September 2024 quarter. Cost of material consumed was at Rs 148.63 crore (up 53.03% YoY) and employee benefits expenses stood at Rs 30.18 crore (up 21.54% YoY) during the quarter.

On standalone basis, the company’s net profit fell 36.04% to Rs 21.82 crore in Q2 FY25 as against 34.12 crore reported in Q2 FY24. However, revenue from operation increased by 23.72% YoY to Rs 457.32 crore posted in Q2 FY25.

Meanwhile, the company’s board declared an interim dividend of Rs 1.50 per share for FY25. The said interim dividend will be paid on or before 6 December 2024.

Safari Industries (India) is engaged in the manufacturing and marketing of luggage and luggage accessories.

Shares of Safari Industries (India) fell 0.81% to currently trade at Rs 2,241.55 on the BSE.

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