Archean Chemical Industries Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Archean Chemical Industries Ltd reported a 0.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 40.5%.
- Its expenses for the quarter were down by 1.6% QoQ and 35.3% YoY.
- The net profit increased 204.0% QoQ and decreased 52.9% YoY.
- The earnings per share (EPS) of Archean Chemical Industries Ltd stood at 3.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 251.15 | 251.38 | 421.87 | -0.1% | -40.5% |
Total Expenses | 185.40 | 188.41 | 286.74 | -1.6% | -35.3% |
Profit Before Tax | 65.75 | 22.78 | 135.13 | 188.6% | -51.3% |
Tax | 17.93 | 7.05 | 33.60 | 154.3% | -46.6% |
Profit After Tax | 47.82 | 15.73 | 101.53 | 204.0% | -52.9% |
Earnings Per Share | 3.90 | 1.30 | 8.20 | 200.0% | -52.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Archean Chemical Industries Ltd is a company engaged in the chemical manufacturing industry. The company primarily focuses on producing specialty marine chemicals and industrial salt. Archean Chemical Industries is known for its extensive manufacturing capabilities, which include the production of bromine, industrial salt, and sulphate of potash. It serves a diverse range of industries, including agriculture, textiles, and pharmaceuticals. As of the most recent updates, there have been no publicly available reports indicating major new developments or strategic changes within the company. Archean Chemical Industries continues its operations with a strong emphasis on quality production and sustainable practices in the chemical sector.
Revenue
In the third quarter of FY25, Archean Chemical Industries Ltd reported a total income of ₹251.15 crores. This figure shows a slight decrease of 0.1% when compared to the previous quarter's income of ₹251.38 crores. When examining the year-over-year performance, there is a significant decrease of 40.5% from Q3FY24's total income of ₹421.87 crores. The revenue figures indicate a notable decline over the year, which could be attributed to various market and operational factors affecting the chemical industry.
Profitability
For the third quarter of FY25, Archean Chemical Industries Ltd recorded a profit before tax of ₹65.75 crores, marking a substantial quarter-over-quarter increase of 188.6% from ₹22.78 crores in Q2FY25. However, this represents a decrease of 51.3% when compared to the ₹135.13 crores profit before tax in Q3FY24. The company's profit after tax for Q3FY25 was ₹47.82 crores, which is an increase of 204.0% from the previous quarter's ₹15.73 crores, yet a decline of 52.9% year-over-year from ₹101.53 crores in Q3FY24. The earnings per share also reflected these changes, with Q3FY25 EPS at ₹3.90 compared to ₹1.30 in Q2FY25 and ₹8.20 in Q3FY24.
Operating Metrics
Archean Chemical Industries Ltd has seen a reduction in total expenses for Q3FY25, reporting ₹185.40 crores, which is a 1.6% decrease quarter-over-quarter from ₹188.41 crores and a 35.3% decrease year-over-year from ₹286.74 crores in Q3FY24. The tax expense for the company in Q3FY25 was ₹17.93 crores, rising by 154.3% from the previous quarter's ₹7.05 crores, but falling by 46.6% compared to ₹33.60 crores in Q3FY24. These figures highlight a significant reduction in operating costs and tax expenses on a yearly basis while illustrating increased tax expenses from the previous quarter.
