Accuracy Shipping Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Accuracy Shipping Ltd reported a 0.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 36.0%.
- Its expenses for the quarter were up by 0.2% QoQ and 33.8% YoY.
- The net profit increased 120.5% QoQ and decreased 133.6% YoY.
- The earnings per share (EPS) of Accuracy Shipping Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 254.42 | 253.52 | 187.10 | 0.4% | 36.0% |
Total Expenses | 252.99 | 252.61 | 189.07 | 0.2% | 33.8% |
Profit Before Tax | 1.43 | 0.90 | -1.97 | 58.9% | -172.6% |
Tax | 0.46 | 0.47 | 0.92 | -2.1% | -50.0% |
Profit After Tax | 0.97 | 0.44 | -2.89 | 120.5% | -133.6% |
Earnings Per Share | 0.10 | 0.00 | -0.20 | - | -150.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Accuracy Shipping Ltd is a company that operates within the shipping and logistics industry. The company is primarily involved in providing comprehensive shipping and logistics solutions, which may include freight forwarding, transportation, warehousing, and supply chain management services. As of the last update, specific details about recent major developments or changes within the company are not available. The company plays a role in facilitating efficient transport and distribution of goods, which is crucial for businesses requiring reliable logistics support.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Accuracy Shipping Ltd reported a total income of ₹254.42 crores. This marks a slight quarter-over-quarter (QoQ) increase of 0.4% from the previous quarter (Q2FY25), where total income stood at ₹253.52 crores. Comparing year-over-year (YoY) data, there was a significant increase of 36.0% from Q3FY24, when total income was ₹187.10 crores. These figures indicate the company's ability to maintain and grow its revenue base over the year, reflecting its performance in the current economic environment.
Profitability
For Q3FY25, the company recorded a profit before tax (PBT) of ₹1.43 crores, an improvement from the ₹0.90 crores in Q2FY25, which represents a QoQ growth of 58.9%. Compared to the same quarter in the previous year (Q3FY24), when the company experienced a loss before tax of ₹-1.97 crores, this reflects a substantial turnaround in profitability. The profit after tax (PAT) for Q3FY25 was ₹0.97 crores, up from ₹0.44 crores in Q2FY25 (a QoQ increase of 120.5%), and a notable improvement from a loss of ₹-2.89 crores in Q3FY24. Additionally, earnings per share (EPS) in Q3FY25 was ₹0.10, compared to ₹0.00 in the preceding quarter and ₹-0.20 in the same period last year.
Operating Metrics
The total expenses incurred by the company in Q3FY25 were ₹252.99 crores, showing a slight increase of 0.2% from Q2FY25, where expenses were ₹252.61 crores. Year-over-year, expenses increased by 33.8% from Q3FY24, when total expenses were ₹189.07 crores. The tax expense for Q3FY25 was ₹0.46 crores, slightly down from ₹0.47 crores in Q2FY25, and a decrease from ₹0.92 crores in Q3FY24, reflecting changes in tax liabilities over the periods. The consistent management of expenses relative to revenue growth has been a key aspect of the company's operational performance during this period.
