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Acme Safezone Posts Strong Profit Surge
31 Oct
Summary
- Net profit reached ₹7 crore, reversing a ₹8 crore loss last year.
- Revenue increased 16% to ₹120 crore, with EBITDA up 55% to ₹13 crore.
- IPO funds will support expansion, solar power, and acquisitions.
Acme Universal Safezone 9, a prominent industrial safety footwear manufacturer, has announced robust financial results for the first half of the current fiscal year. The company achieved a net profit of ₹7 crore, starkly contrasting with a net loss of ₹8 crore during the same period in the previous year. This marks a significant turnaround following its recent listing on the BSE SME platform.
Revenue experienced a healthy growth of 16%, reaching ₹120 crore compared to ₹103 crore in the prior year. Concurrently, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 55% to ₹13 crore from ₹8 crore. Export sales in the first half of FY'27 amounted to ₹10 crore, already nearing two-thirds of the total FY'26 export revenue of ₹16 crore.
Nitin Tiwari, the Managing Director, expressed satisfaction with the company's performance, highlighting steady progress across all business segments, including exports. He detailed plans to allocate Initial Public Offering (IPO) proceeds towards capital expansion initiatives, the establishment of a captive solar power plant, bolstering incremental working capital, and funding potential acquisitions within the sector. The company remains committed to safeguarding industrial workforces with high-performance safety footwear and expanding its international market presence.
