Bhansali Engineering Polymers Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Bhansali Engineering Polymers Ltd reported a 6.8% 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 17.0%.
- Its expenses for the quarter were down by 6.3% QoQ and up 19.7% YoY.
- The net profit decreased 11.8% QoQ and increased 1.5% YoY.
- The earnings per share (EPS) of Bhansali Engineering Polymers Ltd stood at 1.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 352.57 | 378.11 | 301.34 | -6.8% | 17.0% |
Total Expenses | 296.29 | 316.29 | 247.46 | -6.3% | 19.7% |
Profit Before Tax | 56.29 | 61.83 | 53.89 | -9.0% | 4.5% |
Tax | 15.72 | 15.78 | 13.82 | -0.4% | 13.7% |
Profit After Tax | 40.84 | 46.33 | 40.22 | -11.8% | 1.5% |
Earnings Per Share | 1.60 | 1.90 | 1.60 | -15.8% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bhansali Engineering Polymers Ltd is a prominent player in the field of polymers, focusing on the production and supply of Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN) resins. These materials are widely used in various industries, including automotive, electronics, and consumer goods, thanks to their high-impact strength and excellent thermal stability. The company operates within the specialty chemicals industry, which is characterized by rapid technological advancements and evolving customer needs. Notably, Bhansali Engineering Polymers has been striving to enhance its production capabilities and expand its market reach, though specific recent developments are not detailed here.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Bhansali Engineering Polymers Ltd reported a total income of ₹352.57 crores. This marks a decrease of 6.8% from the previous quarter (Q2FY25), where the total income was ₹378.11 crores. However, when compared to the same quarter in the previous year (Q3FY24), there is a 17.0% increase in total income, which was ₹301.34 crores. The quarter-over-quarter decline in revenue suggests a possible fluctuation in market demand or sales volume, while the year-over-year growth reflects an overall positive trend in revenue generation over the past year.
Profitability
The company's profit before tax for Q3FY25 stood at ₹56.29 crores, reflecting a 9.0% decrease from the previous quarter's figure of ₹61.83 crores. Year-over-year, there is a slight increase of 4.5% from Q3FY24's profit before tax of ₹53.89 crores. The tax expense for Q3FY25 was ₹15.72 crores, showing a marginal decrease of 0.4% from Q2FY25, but a 13.7% increase compared to Q3FY24. The resulting profit after tax for Q3FY25 was ₹40.84 crores, marking a decrease of 11.8% quarter-over-quarter from ₹46.33 crores, yet a modest increase of 1.5% year-over-year from ₹40.22 crores. Earnings per share (EPS) in Q3FY25 were ₹1.60, down 15.8% from the previous quarter's ₹1.90, and unchanged from the same quarter last year.
Operating Metrics
The company's total expenses for Q3FY25 were ₹296.29 crores, showing a reduction of 6.3% compared to Q2FY25, where expenses were ₹316.29 crores. Year-over-year, total expenses experienced a growth of 19.7% from ₹247.46 crores in Q3FY24. This indicates that while the company has managed to reduce its expenses quarter-over-quarter, there has been a significant increase in operational costs over the past year. The consistency in earnings per share despite fluctuations in other financial metrics suggests stable operational efficiency. However, no other specific operational metrics or financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio are provided in the available data.
