Himatsingka Seide Reports Decline in Q1 Financial Performance
Himatsingka Seide Limited's Q1 consolidated results show a significant decline in financial performance. Revenue decreased by 10.67% to ₹656.94 crore, while net profit fell by 47% to ₹10.90 crore compared to the same quarter last year. EBITDA decreased to ₹120.00 crore, with the EBITDA margin contracting to 18.37%. Despite lower revenue, the company managed to reduce total expenses to ₹646.70 crore. Finance costs remained substantial at ₹72.08 crore. The company continues to operate solely in the textile segment.
28May 25
Himatsingka Seide Reports Decline in Q4 Financials
Himatsingka Seide's Q4 results show a 5.9% YoY revenue decrease to ₹6.56 billion. EBITDA fell 17.2% to ₹1.20 billion, with margins contracting from 20.75% to 17.93%. Consolidated net profit dropped sharply by 49.9% YoY to ₹119.00 million. The company faced significant challenges across key financial metrics, indicating pressure on operational efficiency and profitability.
Himatsingka Seide Limited has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹65 crore. The board meeting on April 17, 2025, sanctioned 650 un-rated, senior, unlisted, secured, redeemable Series 'A' NCDs with a face value of ₹10 lakh each. The NCDs will have an 11.50% interest rate, payable quarterly, with a tenure of up to 39 months. Repayment includes an 18-month moratorium followed by 8 equal quarterly installments. The NCDs are secured by a first pari passu charge on fixed assets of manufacturing facilities in Hassan and Doddaballapur.
11Apr 25
Himatsingka Seide to Consider Fund Raising via Private Placement of NCDs
Himatsingka Seide Limited's board will meet on April 17, 2025, to discuss raising funds through Non-Convertible Debentures (NCDs) via private placement. The funds will be used for refinancing existing debt and general corporate purposes. This decision, in compliance with SEBI regulations, could impact the company's financial strategy and growth plans.