Jindal Worldwide Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Jindal Worldwide Ltd reported a 9.3% 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 42.5%.
- Its expenses for the quarter were up by 9.4% QoQ and 46.1% YoY.
- The net profit increased 6.4% QoQ and decreased 12.3% YoY.
- The earnings per share (EPS) of Jindal Worldwide Ltd stood at 0.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 624.57 | 571.35 | 438.31 | 9.3% | 42.5% |
Total Expenses | 599.48 | 547.75 | 410.31 | 9.4% | 46.1% |
Profit Before Tax | 25.08 | 23.59 | 27.99 | 6.3% | -10.4% |
Tax | 6.64 | 6.26 | 6.97 | 6.1% | -4.7% |
Profit After Tax | 18.45 | 17.34 | 21.03 | 6.4% | -12.3% |
Earnings Per Share | 0.90 | 0.90 | 1.10 | 0.0% | -18.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jindal Worldwide Ltd is a company primarily engaged in the textile industry, focusing on the manufacturing and distribution of a wide range of textile products. The company is known for its production of denim and shirting fabrics, which are distributed both domestically and internationally. Jindal Worldwide Ltd has established itself as a significant player in the textile market, catering to various apparel brands and retailers. As of the latest updates, there have not been any major developments disclosed concerning expansions, acquisitions, or significant shifts in business strategy. The company continues to focus on enhancing its production capabilities and expanding its market reach within the textile domain.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Jindal Worldwide Ltd reported a total income of ₹624.57 crores. This represents a quarter-over-quarter (QoQ) increase of 9.3% from ₹571.35 crores reported in the second quarter of FY25 (Q2FY25). Additionally, on a year-over-year (YoY) basis, the total income increased by 42.5% compared to ₹438.31 crores in Q3FY24. This growth in revenue indicates a substantial increase in the company's sales volume or price adjustments, contributing to higher income levels within the observed periods. The revenue growth reflects the company's ability to capitalize on market opportunities and potentially increased demand for its products.
Profitability
For Q3FY25, Jindal Worldwide Ltd reported a Profit Before Tax (PBT) of ₹25.08 crores, which indicates a QoQ increase of 6.3% from ₹23.59 crores in Q2FY25. However, on a YoY basis, there was a decrease of 10.4% from ₹27.99 crores in Q3FY24. The tax expense for Q3FY25 was ₹6.64 crores, showing a slight QoQ increase of 6.1% from ₹6.26 crores in Q2FY25 and a YoY decrease of 4.7% from ₹6.97 crores in Q3FY24. The Profit After Tax (PAT) for Q3FY25 was ₹18.45 crores, marking a 6.4% QoQ increase from ₹17.34 crores in Q2FY25, but a 12.3% YoY decrease from ₹21.03 crores in Q3FY24. The Earnings Per Share (EPS) remained constant QoQ at ₹0.90 but showed a YoY decline of 18.2% from ₹1.10 in Q3FY24.
Operating Metrics
The company's total expenses for Q3FY25 were reported at ₹599.48 crores, reflecting a QoQ increase of 9.4% from ₹547.75 crores in Q2FY25 and a YoY increase of 46.1% from ₹410.31 crores in Q3FY24. This increase in expenses could be attributed to higher raw material costs, increased production expenses, or expansion activities. The consistency in EPS QoQ indicates stable profitability per share despite fluctuations in profit metrics. The financial data presents an overview of the company’s operational dynamics with rising income and expenses, affecting profitability margins. Jindal Worldwide Ltd’s focus on maintaining operational efficiency and managing costs is evident as it navigates through varying market conditions.
