Latest news with #AkinoriIsomura
Business Standard
21-05-2025
- Business
- Business Standard
Panasonic Energy Q4 PAT jumps 10% YoY to Rs 1 crore; declares dividend of Rs 9.42/sh
Panasonic Energy India Company's standalone net profit jumped 10.37% to Rs 1.17 crore in Q4 FY25, compared with Rs 1.06 crore in Q4 FY24. However, revenue from operations tumbled 12.56% year on year to Rs 63.40 crore in Q4 FY25. Profit before tax spiked 98.37% to Rs 2.44 crore in the fourth quarter of FY25, compared with Rs 1.23 crore in Q4 FY24. Total expense tanked 14.48% year on year to Rs 61.77 crore during the quarter. Cost of materials consumed stood at Rs 29.96 crore (down 7.81% YoY), while Employee benefits expense stood at Rs 12.04 crore (down 16.27% YoY) during the period under review. On a full-year basis, the companys net profit increased by 1.11% to Rs 11.77 crore, despite an 8.21% decline in revenue from operations, which stood at Rs 268.41 crore in FY25 compared to FY24. Meanwhile, the board has recommended a dividend of Rs 9.42 per equity share (94.20%) for the financial year 2024-25. If approved at the 53rd annual general meeting (AGM), the dividend will be paid within 30 days. Further, the board has approved the resignation of Akinori Isomura as chairman & managing director of the company, effective from 30 June 2025, after office hours. Lastly, based on the recommendation of the nomination and remuneration committee, the board has recommended the approval of the appointment of Akio Fujita as an additional director of the company and has designated him as the chairman & managing director for a period of 2 years, effective from 1 July 2025 to June 30 2027. Panasonic Energy India Company is in the business of manufacturing dry cell batteries. Shares of Panasonic Energy India Company rose 0.04% to Rs 402.75 on the BSE.
Time of India
21-05-2025
- Business
- Time of India
Panasonic Energy India posts 14.35% rise in FY25 PBT at ₹176.95 million
New Delhi: Panasonic Energy India Co. Ltd. reported a 14.35 per cent year-on-year rise in profit before tax (PBT) at ₹176.95 million for the financial year ended March 31, 2025. EBITDA increased by 14.96 per cent to ₹220.72 million, compared to ₹192 million in FY24. Profit after tax for FY25 stood at ₹117.73 million, marginally up from ₹116.43 million in the previous year. Earnings per share (EPS) rose to ₹15.70 from ₹15.52. The company's market capitalisation stood at ₹2,586.75 million. Revenue from operations declined by 8.21 per cent to ₹2,684.15 million, down from ₹2,924.21 million in FY24. The company attributed the revenue dip to an exceptional B2B order in the previous year. Adjusted for this, the core business posted a growth of 3 per cent. 'We see India as an opportunity and have been regularly exploring prospective investments to expand our operations and product portfolio. We are pleased with our continued growth trajectory in FY24-25, particularly the significant growth in profitability metrics,' said Akinori Isomura, Chairman and Managing Director, Panasonic Energy India Co. Ltd. 'We are pursuing a three-pillar strategy to drive future growth, focusing on stabilizing strategic investment in Salesforce automation, expanding product portfolio aligned with customer demand while expanding distribution through all the channels including quick-commerce platforms, and increasing investment in brand-building campaigns,' he added. The company operates a carbon-neutral factory in Pithampur, Madhya Pradesh, which is certified by Verra and the International REC Standard. The plant generates 150 KV from solar panels, meeting 30 per cent of its energy needs, and maintains zero wastewater discharge. Half of the plant area is under forest cover. Panasonic Energy India's product mix includes 87 per cent zinc carbon batteries, 5 per cent alkaline batteries, 5 per cent rechargeable batteries, and 3 per cent lithium coin batteries. The company uses approximately 6 per cent recycled materials in its products and complies with RoHS Directives (EU) 2015/863.
