Fiem Industries (FIEMIND) Q4 24/25 earnings summary

Executive summary

• FY25 net sales rose 19.39% to ₹2,404.96 crore and PAT increased 23.09% to ₹204.14 crore; two-wheeler growth and LED adoption supported performance.

• Investments in R&D, electronics and four-wheelers aim to build capabilities and diversify growth while lighting remains the core business.

• Auditors issued unmodified opinions on FY25 standalone and consolidated results.

Financial highlights

• Q4 FY25 sales were ₹633.80 crore, up 14.26% YoY; EBITDA was ₹83.81 crore versus ₹75.46 crore, and PAT was ₹57.69 crore versus ₹47.19 crore.

• FY25 EBITDA was ₹320.73 crore versus ₹267.97 crore, with a 13.34% margin; PAT was ₹204.14 crore versus ₹165.84 crore.

• Standalone FY25 revenue from operations was ₹2,422.20 crore and PBT ₹275.15 crore, including ₹3.75 crore exceptional income.

• Consolidated FY25 revenue from operations was ₹2,422.61 crore and PAT after the JV share was ₹204.92 crore; standalone PAT was ₹204.14 crore.

• Standalone FY25 total income, including other income, was ₹24,381 mn; EBITDA including other income was ₹3,367 mn, PAT ₹2,040 mn and EPS ₹77.56.

Outlook and guidance

• Revenue growth guidance is 15%–20% over the next 3–5 years, supported by product, customer and export diversification; management said this is not a commitment for flat markets.

• FY26 outlook cites expected rural demand and a favorable monsoon; LED penetration is expected to rise, and the new-project pipeline is fully LED.

• EBITDA margins are expected to remain broadly stable over the next couple of years as investments continue.

• Four-wheeler RFQs have staggered SOPs this year and next, with a major program targeted for 2028; typical development lead time is 2–3 years.