Beezaasan Explotech Reports Strong Growth in FY 2024-25, Profits More Than Double

Beezaasan Explotech Limited , a leading manufacturer of industrial explosives, has reported robust financial results for the fiscal year 2024-25, with significant growth in revenue and profitability.

Financial Highlights

• Revenue from operations increased by 15.20% to ₹2,149.95 crore, up from ₹1,874.49 crore in the previous year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by 100.80% to ₹246.86 crore, compared to ₹122.92 crore in FY 2023-24.
• Net profit after tax more than doubled, rising by 156.60% to ₹131.23 crore from ₹51.14 crore in the previous year.
• Earnings per share (EPS) improved to ₹13.42, up from ₹5.38 in FY 2023-24.

Operational Performance

The company's strong financial performance was driven by increased demand from mining and infrastructure sectors. Beezaasan Explotech successfully expanded its production capacity and improved operational efficiency during the year.

Key Developments

• Successful listing on BSE SME platform on March 3, 2025, raising capital through an Initial Public Offering (IPO).
• Acquisition of remaining 49% stake in subsidiary Asawara Industries Limited, making it a wholly-owned subsidiary.
• Commencement of new Detonating Fuse plant, enhancing the company's product portfolio.
• Entry into export markets, with initial shipments to Southeast Asia.

Management Commentary

Navneetkumar Somani, Chairman and Managing Director, stated, "FY 2024-25 has been a milestone year for Beezaasan Explotech. Our successful listing and strong financial results reflect the trust of our stakeholders and the growing demand for our products. We are well-positioned to capitalize on the opportunities in the mining and infrastructure sectors while expanding our global footprint."

Future Outlook

The company remains optimistic about its growth prospects, citing ongoing infrastructure development projects and increasing mining activities in India. Beezaasan Explotech plans to focus on capacity expansion, research and development, and strengthening its position as a one-stop solution provider in the commercial explosives sector.

With a robust order book of ₹84.48 crore and strong demand from mining, infrastructure, cement, and defense sectors, Beezaasan Explotech is poised for continued growth in the coming years.

About Beezaasan Explotech Limited

Beezaasan Explotech Limited is a leading manufacturer of industrial explosives, serving clients across mining, quarrying, and construction applications. The company offers a comprehensive portfolio of products including slurry and emulsion explosives, detonating fuses, and cast boosters.

Note: All figures are based on consolidated financial statements for FY 2024-25.