Mumbai, 28th May 2025 – In a major announcement, NAMO eWaste Management Limited (NSE: NAMOEWASTE) has reported a robust financial performance for the fiscal year ending March 31, 2025 (FY25). The company, a frontrunner in electronic waste recycling in India, clocked a 50% increase in total revenue, rising from ₹101.08 crore in FY24 to ₹151.18 crore in FY25.

Strong Financial Performance in FY25

The company’s financial results show sustained momentum and operational excellence:

• Total Revenue: ₹151.18 crore, a 50% increase YoY

• EBITDA: ₹14.76 crore, up 29% YoY

• Profit After Tax (PAT): ₹8.46 crore, up 25% YoY

These figures underscore Namo eWaste’s solid positioning in the ESG-led waste management sector and its ability to capture market share amid evolving regulations and increasing demand from environmentally conscious stakeholders.

Capacity Expansion – Key to Future Growth

One of the most compelling aspects of Namo eWaste’s strategy is its rapid scaling of infrastructure. As of FY25, the company operates at a recycling capacity of over 30,500 MTPA, but has laid out clear plans to more than double this capacity by Q3 FY26.

• Upcoming Lithium-ion Battery Recycling Plant in Nashik

  • Capacity: 12,240 MTPA

  • Operational Date: June 2025

• New E-waste Recycling Facility in Hyderabad

  • Capacity: 25,000 MTPA

  • Operational Date: December 2025

These plants are strategically located in high-growth industrial hubs to meet the increasing regulatory and industrial demand for sustainable and certified recycling solutions.

Regulatory Tailwinds: Mandates Drive Growth

India’s regulatory framework on e-waste compliance is turning increasingly stringent. With 60% recycling compliance mandated for FY25 and 70% for FY26, this regulatory push acts as a structural demand catalyst for companies like Namo.

As the largest formal recycler in the country with certified facilities, Namo is uniquely placed to offer secure, compliant, and scalable solutions to OEMs and electronic producers.

This positions the company as a trusted partner for navigating Extended Producer Responsibility (EPR) obligations, making it integral to the circular economy and green transition in India.

IPO Success and Shareholder Value

Namo eWaste’s successful IPO in September 2024 was a turning point. Since listing, the company’s stock has consistently traded above the issue price, with an average of ₹187 per share. This places it among the top 10% of premium companies post-listing – a testament to investor confidence in its long-term growth trajectory.

A Women-Led Workforce and ESG-Centric Mission

Beyond numbers, Namo eWaste’s commitment to ESG principles stands out. The company boasts a 60%+ women-led workforce, reaffirming its belief in inclusivity and social impact.

With robust infrastructure, an expanding order pipeline, and a commitment to ESG, Namo eWaste is transforming the waste management ecosystem in India. It is actively contributing to reducing environmental harm, promoting sustainable development, and supporting India’s national goals for circular economy and green transition.

Vision for the Future: 45–50% CAGR Over Next 3 Years

Managing Director Mr. Akshay Jain highlighted the company’s ambition to sustain a 45–50% compound annual growth rate (CAGR) over the next three years. This will be backed by:

• Operational excellence

• Regulatory alignment

• Pan-India presence

• Continued infrastructure expansion

• Growing partnerships with OEMs and enterprise clients

Why This Matters for India’s Sustainability Goals

India generates over 3.2 million tonnes of e-waste annually, and this is expected to rise exponentially. Formal recycling remains limited, with a major share still handled by the informal sector. Companies like Namo eWaste play a crucial role in bridging this gap, introducing formalized, compliant, and scalable recycling solutions.

With the expansion of its Nashik and Hyderabad plants, Namo eWaste is not only increasing capacity but also strengthening its regional footprint and logistics efficiency, enabling better service coverage across the country.

Conclusion: A Pivotal Force in Circular Economy

Namo eWaste’s performance in FY25 is more than just financial success—it represents the emergence of a responsible, high-growth enterprise that is shaping the future of waste management in India. With its data-driven operations, ESG leadership, and visionary expansion plans, the company is poised to become a regional leader in electronic and battery waste recycling.

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