Deep Industries Ltd's Q3FY25 Quarter Results
- 2d ago
Result Summary
- Deep Industries Ltd reported a 18.6% 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 43.5%.
- Its expenses for the quarter were up by 17.7% QoQ and 32.9% YoY.
- The net profit increased 14.6% QoQ and increased 70.4% YoY.
- The earnings per share (EPS) of Deep Industries Ltd stood at 6.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 163.35 | 137.73 | 113.83 | 18.6% | 43.5% |
Total Expenses | 101.76 | 86.45 | 76.58 | 17.7% | 32.9% |
Profit Before Tax | 61.59 | 51.29 | 37.25 | 20.1% | 65.3% |
Tax | 13.98 | 9.74 | 9.30 | 43.5% | 50.3% |
Profit After Tax | 47.62 | 41.55 | 27.94 | 14.6% | 70.4% |
Earnings Per Share | 6.80 | 6.00 | 4.40 | 13.3% | 54.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Deep Industries Ltd is a company operating in the energy sector, primarily involved in oil and gas exploration and production. The company specializes in providing services such as gas compression, gas dehydration, and other oilfield services. It plays a significant role in the upstream sector of the oil and gas industry. Although information on recent major developments is not available, the company has been a key player in its industry, contributing to efficient energy production and supply. Deep Industries Ltd continues to focus on enhancing its technological capabilities and expanding its service offerings to maintain competitiveness in the market.
Revenue
In Q3FY25, Deep Industries Ltd reported a total income of ₹163.35 crores, representing an 18.6% increase from the previous quarter's income of ₹137.73 crores and a substantial 43.5% growth compared to the same quarter last year, which was ₹113.83 crores. This upward trend in total income highlights a consistent enhancement in the company's revenue-generating capabilities over both the short and long term. The positive quarter-over-quarter and year-over-year changes reflect the company's ability to capitalize on market opportunities and possibly increase its market share within the industry.
Profitability
Profitability metrics for Deep Industries Ltd indicate a robust performance in Q3FY25. The company achieved a profit before tax of ₹61.59 crores, marking a 20.1% increase from ₹51.29 crores in the previous quarter and a remarkable 65.3% rise from ₹37.25 crores in Q3FY24. After accounting for taxes amounting to ₹13.98 crores, the profit after tax stood at ₹47.62 crores, which is a 14.6% increase quarter-over-quarter and a significant 70.4% improvement year-over-year. The earnings per share (EPS) also saw a notable growth, reaching ₹6.80 from ₹6.00 in the prior quarter and ₹4.40 in the same quarter last year, translating to a 13.3% QoQ and 54.5% YoY increase respectively.
Operating Metrics
The operating metrics for Deep Industries Ltd reveal a consistent rise in both total expenses and taxation, commensurate with the increase in total income and profitability. Total expenses for Q3FY25 were ₹101.76 crores, which reflects a 17.7% increase from the previous quarter and a 32.9% increase compared to Q3FY24. The tax expense for Q3FY25 was ₹13.98 crores, showing a 43.5% growth from ₹9.74 crores in Q2FY25 and a 50.3% rise from ₹9.30 crores in Q3FY24. Despite the higher expenses, the company managed to maintain a strong operating performance, as evidenced by the substantial growth in its profit metrics. The consistent increase in earnings before tax and after tax suggests effective management of operating costs and strategic financial planning.
