Inox India Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Inox India Ltd reported a 6.9% 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 15.9%.
- Its expenses for the quarter were up by 8.7% QoQ and 18.2% YoY.
- The net profit increased 18.0% QoQ and increased 20.1% YoY.
- The earnings per share (EPS) of Inox India Ltd stood at 6.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 342.06 | 320.00 | 295.17 | 6.9% | 15.9% |
Total Expenses | 273.31 | 251.41 | 231.27 | 8.7% | 18.2% |
Profit Before Tax | 75.91 | 68.60 | 63.90 | 10.7% | 18.8% |
Tax | 17.53 | 19.11 | 15.30 | -8.3% | 14.6% |
Profit After Tax | 58.39 | 49.49 | 48.60 | 18.0% | 20.1% |
Earnings Per Share | 6.40 | 5.40 | 5.30 | 18.5% | 20.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Inox India Ltd is a prominent player in the manufacturing sector, primarily known for its expertise in cryogenic engineering. The company specializes in the design and production of cryogenic storage and transport equipment, catering to various industries, including industrial gases, LNG, and hydrocarbons. Inox India Ltd is part of a larger conglomerate, Inox Group, which has diverse interests in sectors such as chemicals, entertainment, and renewable energy. The cryogenic division is notably recognized for its innovative solutions and strong customer base across domestic and international markets. Over the recent quarters, the company has focused on expanding its market reach and enhancing its product offerings to maintain its competitive edge.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Inox India Ltd reported a total income of ₹342.06 crores. This marks a notable increase of 6.9% quarter-over-quarter (QoQ) from ₹320.00 crores in Q2FY25 and a substantial year-over-year (YoY) growth of 15.9% compared to ₹295.17 crores in Q3FY24. The company's revenue growth is indicative of its successful market strategies and potentially increased demand for its products or services within the industry. The consistent rise in total income over the quarters reflects the company's efforts to optimize its sales channels and expand its market presence.
Profitability
In terms of profitability, Inox India Ltd's profit before tax for Q3FY25 stood at ₹75.91 crores, reflecting a 10.7% increase QoQ from ₹68.60 crores in Q2FY25 and an 18.8% rise YoY from ₹63.90 crores in Q3FY24. The profit after tax (PAT) was recorded at ₹58.39 crores, up 18.0% QoQ from ₹49.49 crores and 20.1% YoY from ₹48.60 crores. The company's effective management of expenses and operational efficiencies may have contributed to these improved profitability metrics. Additionally, the earnings per share (EPS) for Q3FY25 was ₹6.40, showcasing an 18.5% growth QoQ from ₹5.40 and a 20.8% increase YoY from ₹5.30, indicating enhanced shareholder value over the periods under review.
Operating Metrics
For Q3FY25, the total expenses of Inox India Ltd were ₹273.31 crores, which represents an 8.7% increase QoQ from ₹251.41 crores in Q2FY25 and an 18.2% rise YoY from ₹231.27 crores in Q3FY24. The tax expenses for this quarter were ₹17.53 crores, showing a decrease of 8.3% QoQ from ₹19.11 crores, while YoY, it increased by 14.6% from ₹15.30 crores in Q3FY24. These figures suggest variations in the company's tax obligations and expense management strategies. The detailed analysis of these operating metrics provides insights into the cost structure and financial strategies employed by the company over the reported periods.
