Hardwyn India Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Hardwyn India Ltd reported a 9.9% 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 16.7%.
- Its expenses for the quarter were down by 97.8% QoQ and 97.0% YoY.
- The net profit decreased 1.2% QoQ and decreased 7.4% YoY.
- The earnings per share (EPS) of Hardwyn India Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 46.64 | 51.74 | 39.97 | -9.9% | 16.7% |
Total Expenses | 1.03 | 46.04 | 33.90 | -97.8% | -97.0% |
Profit Before Tax | 5.63 | 5.70 | 6.07 | -1.2% | -7.2% |
Tax | 1.64 | 1.66 | 1.76 | -1.2% | -6.8% |
Profit After Tax | 3.99 | 4.04 | 4.31 | -1.2% | -7.4% |
Earnings Per Share | 0.10 | 0.10 | 0.10 | 0.0% | 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
Hardwyn India Ltd is known for its involvement in the hardware manufacturing industry, primarily focusing on architectural hardware and glass fittings. The company has established itself in the market with a range of products that include door closers, floor springs, patch fittings, and glass sliding systems, among others. These products cater largely to the construction and infrastructure sectors. While there is no specific information on recent developments for Hardwyn India Ltd, companies in this sector generally focus on innovation and expanding their product lines to meet evolving customer needs. Any recent strategic initiatives or expansions by the company are not detailed in the provided data.
Revenue
In the third quarter of the fiscal year 2025, Hardwyn India Ltd reported a total income of ₹46.64 crores. This figure represents a decrease of 9.9% from the previous quarter (Q2FY25), where the company recorded a total income of ₹51.74 crores. However, on a year-over-year basis, there was a notable increase of 16.7% compared to the third quarter of the previous fiscal year (Q3FY24), which had a total income of ₹39.97 crores. The quarterly decline in revenue suggests a potential seasonal or market-driven fluctuation, while the annual growth indicates an overall positive trend in revenue generation over the year.
Profitability
For the third quarter of FY25, Hardwyn India Ltd recorded a Profit Before Tax (PBT) of ₹5.63 crores, showing a slight decline of 1.2% compared to the previous quarter's PBT of ₹5.70 crores. On a year-over-year basis, there was a decrease of 7.2% when compared to the PBT of ₹6.07 crores in Q3FY24. The company's Profit After Tax (PAT) also reflected a similar pattern, standing at ₹3.99 crores, which is a 1.2% decrease from the previous quarter's ₹4.04 crores and a 7.4% decrease from ₹4.31 crores in the same quarter of the previous year. Earnings Per Share (EPS) remained constant at ₹0.10 across all periods reported, indicating no change in distribution to shareholders despite fluctuations in profitability.
Operating Metrics
The total expenses for Hardwyn India Ltd in Q3FY25 were reported as ₹1.03 crores, a significant decrease of 97.8% from ₹46.04 crores in Q2FY25 and a 97.0% decrease from ₹33.90 crores in Q3FY24. This dramatic reduction in expenses could be attributed to cost-cutting measures or a change in accounting practices, although specific details are not available in the provided data. The tax expense for the quarter was ₹1.64 crores, slightly lower than the ₹1.66 crores in the previous quarter and the ₹1.76 crores in Q3FY24, showing a decrease of 1.2% quarter-over-quarter and 6.8% year-over-year. These metrics suggest careful management of operational costs and tax obligations during the period.
