Indian Card Clothing Company Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Indian Card Clothing Company Ltd reported a 37.6% 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 decline of 9.3%.
- Its expenses for the quarter were up by 2.2% QoQ and down 8.4% YoY.
- The net profit decreased 103.2% QoQ and decreased 69.9% YoY.
- The earnings per share (EPS) of Indian Card Clothing Company Ltd declined at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 15.05 | 24.13 | 16.59 | -37.6% | -9.3% |
Total Expenses | 15.91 | 15.57 | 17.37 | 2.2% | -8.4% |
Profit Before Tax | -0.85 | 8.03 | -0.03 | -110.6% | 2733.3% |
Tax | -0.59 | 0.22 | 0.80 | -368.2% | -173.8% |
Profit After Tax | -0.25 | 7.81 | -0.83 | -103.2% | -69.9% |
Earnings Per Share | -0.40 | 13.10 | -1.40 | -103.1% | -71.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indian Card Clothing Company Ltd is a company involved in the manufacturing and supply of products and services in the textile industry. The company specializes in providing card clothing and associated equipment used in textile processing. Card clothing is essential in the textile industry as it is used in the carding process, which is a crucial step in the production of yarn from raw fibers. This company is a significant player in this niche market and has been serving the textile sector for many years. However, detailed recent developments or additional context about the company's operations are not provided in the current data set.
Revenue
In Q3FY25, Indian Card Clothing Company Ltd reported a total income of ₹15.05 crores, which represents a decrease of 37.6% from the previous quarter's income of ₹24.13 crores. When compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹16.59 crores, there is a year-over-year decline of 9.3%. This indicates a decrease in revenue generation both on a sequential quarterly basis and on an annual basis. The decline in total income over these periods suggests challenges in maintaining the revenue levels seen in the past.
Profitability
For Q3FY25, the company reported a loss before tax of ₹0.85 crores, a significant decline from the profit before tax of ₹8.03 crores in Q2FY25. This represents a quarter-over-quarter decrease of 110.6%. Compared to Q3FY24, where the company posted a near break-even result with a loss before tax of ₹0.03 crores, the year-over-year change is an increase in loss by 2733.3%. The tax expense for Q3FY25 was recorded as a benefit of ₹0.59 crores, contrasting with a tax expense of ₹0.22 crores in Q2FY25 and ₹0.80 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was a loss of ₹0.25 crores, down from a profit of ₹7.81 crores in the previous quarter. When compared to a loss of ₹0.83 crores in the same quarter of the previous year, the year-over-year change reflects a reduction in the loss by 69.9%.
Operating Metrics
Total expenses for Q3FY25 increased slightly to ₹15.91 crores, marking a 2.2% rise from Q2FY25, where expenses were ₹15.57 crores. However, when compared to Q3FY24, where total expenses were ₹17.37 crores, there is a year-over-year decrease of 8.4%. This reduction in expenses compared to the previous year aligns with a decrease in total income. The earnings per share (EPS) for Q3FY25 was a loss of ₹0.40, a significant decline from an EPS of ₹13.10 in Q2FY25. Compared to an EPS of ₹-1.40 in Q3FY24, there is a YoY improvement of 71.4% in the EPS, indicating a lesser per-share loss. These operating metrics reflect the financial challenges faced by the company during the quarter.
