Ion Exchange (India) Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Ion Exchange (India) Ltd reported a 6.1% 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 24.2%.
- Its expenses for the quarter were up by 6.6% QoQ and 26.9% YoY.
- The net profit decreased 2.1% QoQ and increased 5.0% YoY.
- The earnings per share (EPS) of Ion Exchange (India) Ltd stood at 4.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 698.86 | 658.82 | 562.66 | 6.1% | 24.2% |
Total Expenses | 629.67 | 590.68 | 496.11 | 6.6% | 26.9% |
Profit Before Tax | 69.19 | 68.14 | 66.55 | 1.5% | 4.0% |
Tax | 20.16 | 17.68 | 19.94 | 14.0% | 1.1% |
Profit After Tax | 49.59 | 50.64 | 47.24 | -2.1% | 5.0% |
Earnings Per Share | 4.10 | 4.30 | 4.00 | -4.7% | 2.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ion Exchange (India) Ltd is a leading company in the field of water and environment management. The company specializes in the manufacturing and marketing of products related to water treatment, such as ion exchange resins, specialty chemicals, and membranes. Ion Exchange also provides comprehensive water and environmental solutions, including water treatment plants, wastewater treatment systems, and recycling solutions. The company serves a wide range of industries, including pharmaceuticals, power, chemical, and textile industries. As of the latest updates available, there are no specific major developments or announcements from Ion Exchange that have been highlighted.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Ion Exchange (India) Ltd reported a total income of ₹698.86 crores, reflecting a quarter-over-quarter (QoQ) increase of 6.1% from ₹658.82 crores reported in the previous quarter (Q2FY25). Compared to the same quarter in the previous year (Q3FY24), there was a substantial year-over-year (YoY) increase of 24.2%, as the total income in Q3FY24 was ₹562.66 crores. This notable growth in total income highlights the company's positive revenue trajectory over both the quarterly and annual periods.
Profitability
The company's profit before tax (PBT) for Q3FY25 stood at ₹69.19 crores, which marks a 1.5% QoQ increase from ₹68.14 crores recorded in Q2FY25 and a 4.0% YoY increase from ₹66.55 crores in Q3FY24. However, the profit after tax (PAT) saw a slight decline of 2.1% QoQ, amounting to ₹49.59 crores in Q3FY25 compared to ₹50.64 crores in Q2FY25. On a YoY basis, the PAT exhibited a 5.0% increase from ₹47.24 crores in Q3FY24. The company's earnings per share (EPS) in Q3FY25 was ₹4.10, which decreased by 4.7% QoQ from ₹4.30 in Q2FY25 but increased by 2.5% YoY from ₹4.00 in Q3FY24. These figures indicate fluctuations in profitability, with slight variations over the quarters and moderate improvement compared to the previous year.
Operating Metrics
The total expenses for Ion Exchange in Q3FY25 were ₹629.67 crores, representing a 6.6% QoQ increase from ₹590.68 crores in Q2FY25 and a 26.9% YoY rise from ₹496.11 crores in Q3FY24. The tax expense for the quarter was ₹20.16 crores, which increased by 14.0% QoQ from ₹17.68 crores in Q2FY25 and by 1.1% YoY from ₹19.94 crores in Q3FY24. These operational metrics suggest that while the company has experienced growth in its expenses, it has maintained an upward trajectory in its revenue and operational scale. The increase in tax expenses aligns with the rise in profitability before tax. However, no specific financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio are calculated in this report due to the lack of sufficient data.
