Archidply Industries' Credit Rating Downgraded to BB+/Stable by CRISIL
CRISIL Ratings has downgraded Archidply Industries Limited's long-term credit rating on bank loan facilities worth Rs. 100.50 crore from 'CRISIL BBB-/Stable' to 'CRISIL BB+/Stable'. The downgrade affects cash credit facilities from HDFC Bank, State Bank of India, and South Indian Bank, as well as a term loan from ICICI Bank. This change signifies a shift from 'moderate safety' to 'moderate risk' in terms of timely servicing of financial obligations. The rating will remain valid until March 31, 2026, with CRISIL conducting continuous surveillance and review.
26Jul 25
Archidply Industries Reports 19.6% Growth in Q1 Net Profit
Archidply Industries Limited announced Q1 financial results with significant growth. Standalone net profit rose 19.6% to Rs. 300.75 crore. Revenue from operations reached Rs. 11,933.25 crore. Profit before tax increased to Rs. 425.18 crore. Plywood segment contributed Rs. 8,420.44 crore, Laminates Rs. 3,219.09 crore, and MDF Rs. 290.73 crore standalone. Consolidated revenue was Rs. 14,785.34 crore with net profit at Rs. 56.81 crore. EPS improved to Rs. 1.51 from Rs. 1.27 year-over-year.