IFGL Refractories Ltd's Q3FY25 Quarter Results
- 09 Feb 2025
Result Summary
- IFGL Refractories Ltd reported a 8.0% 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 3.1%.
- Its expenses for the quarter were down by 4.0% QoQ and 1.3% YoY.
- The net profit decreased 118.0% QoQ and decreased 243.4% YoY.
- The earnings per share (EPS) of IFGL Refractories Ltd declined at 0.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 381.73 | 415.03 | 370.34 | -8.0% | 3.1% |
Total Expenses | 383.69 | 399.65 | 388.78 | -4.0% | -1.3% |
Profit Before Tax | -1.96 | 15.38 | -18.44 | -112.7% | -89.4% |
Tax | 0.22 | 3.30 | -19.96 | -93.3% | -101.1% |
Profit After Tax | -2.18 | 12.08 | 1.52 | -118.0% | -243.4% |
Earnings Per Share | -0.60 | 3.40 | 0.40 | -117.6% | -250.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IFGL Refractories Ltd is a prominent player in the refractories industry, primarily focusing on manufacturing and supplying specialized refractory products and services. These products are crucial for high-temperature industrial applications, particularly in sectors such as steel, cement, and non-ferrous metal industries. The company is known for its ability to provide tailored solutions that enhance productivity and reduce energy consumption for its clients. While the specific recent developments in the company are not available in the provided data, IFGL Refractories Ltd typically engages in research and development to innovate and improve its product offerings. They operate in a competitive market where technological advancements and cost efficiencies are critical to maintaining market position.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), IFGL Refractories Ltd reported a total income of ₹381.73 crores. This represents a decrease of 8.0% from the previous quarter (Q2FY25), where the total income was ₹415.03 crores. Comparatively, on a year-over-year basis, there was a 3.1% increase from the same quarter in the previous year (Q3FY24), which recorded a total income of ₹370.34 crores. This fluctuation in revenue reflects varying market conditions and possibly changes in sales volumes or pricing strategy. The quarterly decline could be attributed to seasonal demand variations or adjustments in the company's sales strategy, while the year-over-year increase suggests general growth in revenue performance.
Profitability
The profitability of IFGL Refractories Ltd displayed significant variability in Q3FY25. The company incurred a loss before tax of ₹1.96 crores, a stark contrast to the profit before tax of ₹15.38 crores in Q2FY25. This marks a negative quarter-over-quarter change of 112.7%. When compared to Q3FY24, where the loss before tax was ₹18.44 crores, there is an improvement of 89.4% year-over-year. The tax expense for Q3FY25 was ₹0.22 crores, down from ₹3.30 crores in the previous quarter and significantly different from the negative tax of ₹19.96 crores in Q3FY24, indicating a reduction in tax liabilities. Consequently, the profit after tax showed a loss of ₹2.18 crores in Q3FY25, compared to a profit of ₹12.08 crores in Q2FY25 and a profit of ₹1.52 crores in Q3FY24, reflecting a QoQ decline of 118.0% and a YoY decline of 243.4%.
Operating Metrics
The earnings per share (EPS) for IFGL Refractories Ltd in Q3FY25 was negative ₹0.60, reflecting a significant deterioration from the ₹3.40 EPS in Q2FY25. This represents a decline of 117.6% quarter-over-quarter. Compared to Q3FY24, which had an EPS of ₹0.40, there is a year-over-year decrease of 250.0%. This negative trend in EPS indicates the impact of reduced profitability on shareholder value. Total expenses for the quarter were ₹383.69 crores, showing a 4.0% decrease from the previous quarter's expenses of ₹399.65 crores, yet slightly lower than the ₹388.78 crores in Q3FY24, which reflects a YoY decrease of 1.3%. The decrease in expenses QoQ might suggest cost management efforts, despite the overall decline in profitability.
