Mazda Ltd has secured a substantial order worth ₹28.75 crores for the supply of specialized industrial equipment to a major waste management firm. The contract encompasses the delivery of a multi effect evaporator system and an agitated thin film dryer, representing a significant business win for the capital goods manufacturer.

Regulatory Disclosure and Compliance

The company has made the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full transparency with stakeholders. The announcement was signed by Company Secretary Nishith Kayasth, confirming the order receipt from a leading waste management company.

Project Details and Specifications

The order involves two critical pieces of industrial equipment designed for waste management operations. The contract specifies manufacture and supply of both systems with detailed technical requirements.

Contract Value and Timeline

The financial and operational parameters of this significant contract highlight its importance for Mazda's business portfolio. The execution period begins from the date of approval of technical drawings and documents.

Strategic Significance

This order demonstrates Mazda's capabilities in manufacturing sophisticated industrial equipment for the environmental and waste management sector. The multi effect evaporator system and agitated thin film dryer represent advanced technologies essential for modern waste processing facilities.

The structured project execution plan allows for proper manufacturing, testing, and installation phases. This contract reinforces Mazda's position as a reliable supplier of specialized industrial equipment to major corporations in the waste management industry, with no related party transactions or promoter group interests involved.

Mazda Limited , a diversified company with operations in engineering and food sectors, has reported mixed financial results for the second quarter of fiscal year 2025. The company saw an improvement in its EBITDA margin despite a decline in revenue and net profit.

Financial Highlights

Revenue and Profitability

Mazda Limited reported a revenue of 508.39 crore rupees for Q2 FY2025, marking a 10.48% decrease from 567.93 crore rupees in the same quarter last year. Despite the revenue decline, the company managed to improve its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to 104.67 crore rupees, up 16.35% from 89.96 crore rupees in Q2 FY2024.

The EBITDA margin saw a significant improvement, rising to 20.59% from 15.83% in the corresponding quarter of the previous year, representing an increase of 476 basis points. This improvement in operational efficiency is noteworthy, especially in the face of declining revenues.

However, the company's net profit declined to 75.83 crore rupees from 89.79 crore rupees in the same period last year, representing a 15.55% decrease.

Segment Performance

Mazda Limited operates in two main segments: Engineering Division and Food Division. For Q2 FY2025:

• The Engineering Division generated revenue of 425.47 crore rupees, contributing about 83.7% to the total revenue.
• The Food Division reported revenue of 82.91 crore rupees, accounting for the remaining 16.3% of the total revenue.

In terms of profitability, the Engineering Division showed stronger performance with a segment result of 121.23 crore rupees, while the Food Division contributed 14.46 crore rupees to the overall profit before tax.

Balance Sheet and Cash Flow

As of September 30, 2025, Mazda Limited reported total assets of 2,872.14 crore rupees, up from 2,646.92 crore rupees at the end of the previous fiscal year. The company's equity base remained strong at 2,352.78 crore rupees.

The cash flow statement reveals that the company used 34.03 crore rupees in operating activities during the first half of FY2025, primarily due to an increase in inventories and other assets. However, the company generated positive cash flow from investing activities, amounting to 95.40 crore rupees, mainly from the sale of current investments.

Management Commentary

Percy Avari, Whole-Time Director of Mazda Limited, stated, "Despite challenging market conditions reflected in our revenue decline, we are pleased with the significant improvement in our EBITDA margin. This demonstrates our ability to enhance operational efficiency and manage costs effectively. We remain focused on leveraging our strengths in both the Engineering and Food divisions to drive sustainable growth."

Outlook

While Mazda Limited faces headwinds in terms of revenue growth, the improvement in EBITDA margin suggests that the company is effectively managing its operations. The diverse business portfolio, with a strong presence in both engineering and food sectors, may provide some resilience against market fluctuations.

Investors and analysts will likely keep a close eye on how Mazda Limited navigates the challenging environment, particularly in terms of reviving revenue growth while maintaining the improved operational efficiency demonstrated in this quarter.

Note: All financial figures are based on standalone results as reported by the company.