Bang Overseas Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Bang Overseas Ltd reported a 3.4% 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 34.9%.
- Its expenses for the quarter were up by 2.7% QoQ and 22.9% YoY.
- The net profit increased 2200.0% QoQ and decreased 114.3% YoY.
- The earnings per share (EPS) of Bang Overseas Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 50.73 | 49.05 | 37.61 | 3.4% | 34.9% |
Total Expenses | 50.19 | 48.85 | 40.85 | 2.7% | 22.9% |
Profit Before Tax | 0.54 | 0.21 | -3.23 | 157.1% | -116.7% |
Tax | 0.08 | 0.19 | -0.01 | -57.9% | -900.0% |
Profit After Tax | 0.46 | 0.02 | -3.22 | 2200.0% | -114.3% |
Earnings Per Share | 0.30 | 0.00 | -2.40 | - | -112.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bang Overseas Ltd is a company engaged in the business of fashion and apparel, primarily focusing on the manufacturing and export of men's garments. The company operates within the textile and apparel industry, which involves the production and distribution of clothing and related products. As of the latest updates, there are no specific major developments available; thus, the company's current strategic or operational shifts are not detailed here. The company is known for its focus on quality and design, catering to both domestic and international markets. The absence of recent significant public announcements or strategic changes implies that the company may be maintaining its existing business operations without notable disruptions or transitions.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Bang Overseas Ltd reported a total income of ₹50.73 crores. This represents a quarter-over-quarter (QoQ) increase of 3.4% compared to ₹49.05 crores in Q2FY25. On a year-over-year (YoY) basis, the company's total income grew by 34.9% from ₹37.61 crores in Q3FY24. The increase in revenue both quarterly and annually suggests a positive trend in the company's ability to generate sales. However, specific details about the drivers of this revenue growth, such as new product launches or market expansions, are not provided.
Profitability
The profitability metrics for Bang Overseas Ltd in Q3FY25 indicate a notable improvement. The company reported a Profit Before Tax (PBT) of ₹0.54 crores, which marks a significant QoQ increase of 157.1% from ₹0.21 crores in Q2FY25 and a reversal from a loss of ₹3.23 crores in Q3FY24. The Profit After Tax (PAT) was ₹0.46 crores in Q3FY25, climbing dramatically from ₹0.02 crores in Q2FY25 and a loss of ₹3.22 crores in Q3FY24. Earnings Per Share (EPS) improved to ₹0.30, compared to zero in the previous quarter and a negative value in the same quarter of the previous year. These figures reflect a substantial recovery in profitability, although the specific factors contributing to this turnaround are not detailed in the data.
Operating Metrics
Analyzing the total expenses, Bang Overseas Ltd incurred ₹50.19 crores in Q3FY25, which is a 2.7% increase QoQ from ₹48.85 crores in Q2FY25 and a 22.9% increase YoY from ₹40.85 crores in Q3FY24. Despite rising expenses, the company managed to achieve profitability improvements, indicating an effective cost management strategy. The tax expense for Q3FY25 was ₹0.08 crores, a decrease from ₹0.19 crores in the previous quarter, showing a decrease in tax liabilities. This reduction in tax, alongside the increased revenue, has contributed positively to the net profitability. However, without additional context on operational efficiencies or market conditions, further insights into the company's operating metrics remain limited.
