Savita Oil Technologies (SOTL) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 total income reached Rs 933 crore, up 3.4% year-over-year, despite lower crude prices and international market challenges.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2024.

• Limited review reports from statutory auditors confirm no material misstatements in the financials.

• PBT for Q2 FY25 was Rs 46.3 crore, with stable overall sales volumes and double-digit growth in Transformer Oil and Lubricant Division quarter-over-quarter.

• DEF volumes grew 74% YoY, while White & Mineral Oils demand remained muted, mirroring FMCG sector trends.

Financial highlights

• Q2 FY25 consolidated revenue: Rs 933.2 crore (+3.4% YoY); H1 FY25: Rs 1,900.8 crore (+3.5% YoY).

• Q2 FY25 EBITDA: Rs 60.3 crore (-18.3% YoY); H1 FY25 EBITDA: Rs 124.6 crore (-22.1% YoY).

• Q2 FY25 PAT: Rs 31.1 crore (-33.9% YoY); H1 FY25 PAT: Rs 70.9 crore (-30.9% YoY).

• EPS for Q2 FY25: Rs 4.50 (vs Rs 6.80 YoY); H1 FY25 EPS: ₹10.27 (vs ₹14.85 YoY).

• Total comprehensive income for H1 FY25 was ₹7,054.26 lakhs, down from ₹10,263.03 lakhs in H1 FY24.

Outlook and guidance

• Expect gradual pickup in White & Mineral Oils demand as FMCG sector recovers.

• Improvement anticipated in international business logistics and freight rates in coming quarters.

• Focus on expanding Savsol Ester 5 and exploring new ester-based transformer oil opportunities domestically and internationally.

• No explicit forward-looking guidance provided; subsidiary Savita Greentec Limited is yet to commence operations.