Banswara Syntex Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Banswara Syntex Ltd reported a 1.2% 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 growth of 11.6%.
- Its expenses for the quarter were down by 3.0% QoQ and up 11.2% YoY.
- The net profit increased 102.0% QoQ and increased 21.3% YoY.
- The earnings per share (EPS) of Banswara Syntex Ltd stood at 3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 341.26 | 345.25 | 305.90 | -1.2% | 11.6% |
Total Expenses | 328.16 | 338.47 | 295.21 | -3.0% | 11.2% |
Profit Before Tax | 13.10 | 6.78 | 10.70 | 93.2% | 22.4% |
Tax | 3.38 | 2.16 | 2.63 | 56.5% | 28.5% |
Profit After Tax | 10.14 | 5.02 | 8.36 | 102.0% | 21.3% |
Earnings Per Share | 3.00 | 1.50 | 2.40 | 100.0% | 25.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Banswara Syntex Ltd is a company that operates within the textile industry, focusing primarily on the production of fabrics and garments. The company is known for its diverse range of offerings, which include yarns, fabrics, and ready-made garments. Its products cater to both domestic and international markets, highlighting its competitive presence in the textile sector. As a player in an industry that is subject to cyclical trends, Banswara Syntex Ltd has navigated various market dynamics, including changes in consumer preferences and fluctuating raw material costs. There are no specific recent major developments available in the provided data.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Banswara Syntex Ltd reported a total income of ₹341.26 crores. This represents a quarter-over-quarter (QoQ) decrease of 1.2% from the ₹345.25 crores recorded in the previous quarter (Q2FY25). However, on a year-over-year (YoY) basis, the total income increased by 11.6% compared to the ₹305.90 crores in Q3FY24. These figures illustrate the company's revenue performance over the specified periods, providing insights into its market activity and sales trends.
Profitability
The company's profit before tax for Q3FY25 was ₹13.10 crores, showing a significant QoQ increase of 93.2% from ₹6.78 crores in Q2FY25. Year-over-year, this figure rose by 22.4% from ₹10.70 crores in Q3FY24. After accounting for taxes, the profit after tax for Q3FY25 amounted to ₹10.14 crores, which is a 102.0% QoQ increase from ₹5.02 crores in Q2FY25 and a 21.3% YoY increase from ₹8.36 crores in Q3FY24. Additionally, the earnings per share (EPS) for Q3FY25 was ₹3.00, doubling from ₹1.50 in the previous quarter and reflecting a 25.0% increase compared to ₹2.40 in the same quarter of the previous year.
Operating Metrics
Total expenses for Q3FY25 were reported at ₹328.16 crores, marking a 3.0% decrease from ₹338.47 crores in Q2FY25, while registering an 11.2% increase from ₹295.21 crores in Q3FY24. The tax expense for the quarter was ₹3.38 crores, up 56.5% from ₹2.16 crores in the preceding quarter, and a 28.5% increase from ₹2.63 crores in the corresponding quarter of the previous year. These metrics provide a view of the company's cost structure and tax obligations during the quarter. They also reflect the company's operational efficiency and fiscal responsibilities over time.
