International Conveyors Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- International Conveyors Ltd reported a 11.8% 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 22.6%.
- Its expenses for the quarter were down by 2.4% QoQ and up 28.9% YoY.
- The net profit decreased 25.4% QoQ and increased 3.6% YoY.
- The earnings per share (EPS) of International Conveyors Ltd stood at 3.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 55.30 | 62.67 | 45.10 | -11.8% | 22.6% |
Total Expenses | 27.80 | 28.48 | 21.56 | -2.4% | 28.9% |
Profit Before Tax | 27.50 | 34.19 | 23.54 | -19.6% | 16.8% |
Tax | 7.50 | 7.38 | 4.23 | 1.6% | 77.3% |
Profit After Tax | 20.00 | 26.81 | 19.31 | -25.4% | 3.6% |
Earnings Per Share | 3.20 | 4.20 | 3.00 | -23.8% | 6.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
International Conveyors Ltd is a company primarily engaged in the manufacturing and distribution of conveyor belts. These products are essential in various industries such as mining, material handling, and logistics, where conveyor systems are crucial for efficient operations. The company operates within the industrial manufacturing sector and is known for its focus on quality and innovation in conveyor solutions. As of the latest available data, there are no recent major developments publicly available, though the company continues to strive for growth and expansion in its market.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), International Conveyors Ltd reported a total income of ₹55.30 crores. This represents a decrease of 11.8% compared to the previous quarter (Q2FY25), where the total income was ₹62.67 crores. However, when comparing year-over-year (YoY) performance, there is a notable increase of 22.6% from the ₹45.10 crores reported in the third quarter of fiscal year 2024 (Q3FY24). This YoY growth indicates an upward trajectory in revenue generation over the past year, despite the quarterly dip.
Profitability
For Q3FY25, the company recorded a Profit Before Tax (PBT) of ₹27.50 crores, which marks a reduction of 19.6% from the ₹34.19 crores reported in Q2FY25. Year-over-year, the PBT increased by 16.8% from ₹23.54 crores in Q3FY24. The Profit After Tax (PAT) for the recent quarter was ₹20.00 crores, down by 25.4% from the previous quarter's ₹26.81 crores, but up by 3.6% YoY from ₹19.31 crores. The tax expense for the quarter was ₹7.50 crores, a slight increase of 1.6% from Q2FY25 and a significant hike of 77.3% from Q3FY24's ₹4.23 crores. The Earnings Per Share (EPS) decreased from ₹4.20 in the previous quarter to ₹3.20, though it showed a YoY increase of 6.7% from ₹3.00.
Operating Metrics
The total expenses for Q3FY25 were recorded at ₹27.80 crores, reflecting a minimal decrease of 2.4% from the previous quarter's expenses of ₹28.48 crores. Year-over-year, there was a noticeable increase of 28.9% compared to ₹21.56 crores in Q3FY24. This indicates that while expenses have slightly decreased QoQ, they have risen significantly over the year. The company's expense management in relation to income shows a trend of increased operational costs over the year, impacting net profitability despite revenue growth. These changes in operating expenses and income are crucial indicators of the company's cost management strategies and operational efficiency.
