Indian Metals & Ferro Alloys Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Indian Metals & Ferro Alloys Ltd reported a 7.1% 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 5.0%.
- Its expenses for the quarter were down by 0.7% QoQ and 2.3% YoY.
- The net profit decreased 25.4% QoQ and decreased 14.3% YoY.
- The earnings per share (EPS) of Indian Metals & Ferro Alloys Ltd stood at 17.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 660.43 | 711.02 | 695.02 | -7.1% | -5.0% |
Total Expenses | 536.96 | 540.71 | 549.44 | -0.7% | -2.3% |
Profit Before Tax | 123.47 | 170.31 | 145.58 | -27.5% | -15.2% |
Tax | 30.10 | 45.10 | 36.63 | -33.3% | -17.8% |
Profit After Tax | 93.37 | 125.21 | 108.95 | -25.4% | -14.3% |
Earnings Per Share | 17.30 | 23.20 | 20.10 | -25.4% | -13.9% |
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 Metals & Ferro Alloys Ltd is known for its production of ferro alloys, primarily focusing on ferrochrome, which is a crucial component in stainless steel manufacturing. The company operates within the metals and mining sector and is one of the leading producers in India. Its operations span mining, processing, and exporting, with a significant market presence both domestically and internationally. However, specific recent developments or strategic shifts in the company's operations are not detailed within the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Indian Metals & Ferro Alloys Ltd reported a total income of ₹660.43 crores. This represents a decline of 7.1% compared to the previous quarter (Q2FY25), where the total income was ₹711.02 crores. When compared year-over-year, there is a decrease of 5.0% from Q3FY24, where the income was ₹695.02 crores. This downward trend in revenue reflects both quarter-over-quarter and year-over-year reductions in income, as indicated by the figures provided.
Profitability
Profitability for Indian Metals & Ferro Alloys Ltd in Q3FY25 demonstrated notable changes. The profit before tax stood at ₹123.47 crores, which is a reduction of 27.5% from the previous quarter's ₹170.31 crores and a 15.2% decrease from ₹145.58 crores in Q3FY24. The tax expense for Q3FY25 was ₹30.10 crores, reflecting a decrease of 33.3% quarter-over-quarter and a 17.8% decline year-over-year. Consequently, the profit after tax for Q3FY25 was ₹93.37 crores, marking a 25.4% decrease from Q2FY25 and a 14.3% reduction compared to Q3FY24. Earnings per Share (EPS) were ₹17.30 in Q3FY25, down from ₹23.20 in the previous quarter and ₹20.10 in the same quarter last year, indicating a similar percentage decline as the profit after tax.
Operating Metrics
The total expenses incurred by Indian Metals & Ferro Alloys Ltd in Q3FY25 were ₹536.96 crores, showing a slight decrease of 0.7% from Q2FY25's ₹540.71 crores and a 2.3% reduction from ₹549.44 crores in Q3FY24. These figures illustrate a consistent effort to manage expenses despite the fluctuations in total income. The operating metrics highlight the company's focus on maintaining expense levels even as revenues and profits experienced declines over the comparative periods.
