Rajoo Engineers Limited has unveiled impressive financial results for the first quarter ended June 30, 2024, showcasing significant growth and strategic advancements. The company’s latest unaudited consolidated financials reveal a robust performance, driven by increased revenue and substantial profit margins. The announcement highlights key developments, including a major facility expansion and new product launches.

Record-Breaking Financial Performance

In Q1 FY25, Rajoo Engineers Limited achieved a revenue of ₹50.87 crore, a remarkable 63.01% increase compared to ₹31.21 crore in Q1 FY24. This growth is attributed to a strong order book and the successful delivery of machinery. EBITDA, excluding other income, surged by 144.41% to ₹7.12 crore from ₹2.91 crore year-over-year. The EBITDA margin improved to 13.99%, up from 9.33% in the previous year.

Profit After Tax (PAT) also saw a significant rise, reaching ₹5.34 crore, up 116.97% from ₹2.46 crore in Q1 FY24. The PAT margin increased to 10.50%, a substantial improvement from 7.89% year-over-year. These figures underscore Rajoo Engineers’ robust financial health and operational efficiency.

Strategic Facility Expansion

The company has recently expanded its Rajkot facility, enhancing its manufacturing capacity by 30%. The new facility spans 18,000 square feet, with an additional 7,000 square feet allocated for Quality Control and Assurance (QCA). This expansion not only boosts production capabilities but also highlights Rajoo Engineers’ commitment to growth and innovation.

Launch of Proex High-Performance Blown Film Line

Rajoo Engineers has introduced the Proex series of high-performance blown film lines, featuring the RELEX 4.0 extruders and CSD 4.0 die. This advanced technology enables the production of film at 900 kg/hr with a thickness of 22 microns and a 2800 mm lay-flat width. The Proex line achieves unprecedented speeds of 150 m/min, showcasing the company’s dedication to technological advancement and energy efficiency.

Formation of Shrutina Nexgen Solar LLP

In a strategic move towards sustainability, Rajoo Engineers has partnered with other group companies to form Shrutina Nexgen Solar LLP. This collaboration focuses on leveraging solar energy to align with the government’s solar power utilization scheme and promote Environmental, Social, and Governance (ESG) compliance. The formation of this LLP reflects Rajoo Engineers’ commitment to green energy and environmental responsibility.

Management’s Perspective

Khushboo Chandrakant Doshi, Managing Director of Rajoo Engineers Limited, expressed enthusiasm about the company’s performance and recent developments. She highlighted the substantial growth in revenue and profit, the strategic expansion of the Rajkot facility, and the launch of innovative products. Doshi also emphasized the importance of the partnership with Shrutina Nexgen Solar LLP in supporting the company’s ESG goals and contributing to the global push for renewable energy.

Looking Ahead

Rajoo Engineers remains focused on sustaining its growth trajectory through continued innovation and market expansion. The company is optimistic about securing significant orders from high-growth regions and maintaining its strong market position. With a clear vision and commitment to quality and customer satisfaction, Rajoo Engineers is poised for continued success in the global market.

Based in Rajkot, Rajoo Engineers Limited, established in 1986, has become a leading global player in blown film and sheet extrusion lines. The company’s dedication to technological advancements and world-class quality has established its reputation on a global scale, with products that compete with the industry’s best.

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