Kanani Industries Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Kanani Industries Ltd reported a 55.4% 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 4.5%.
- Its expenses for the quarter were down by 56.9% QoQ and 8.2% YoY.
- The net profit increased 1320.0% QoQ and decreased 987.5% YoY.
- The earnings per share (EPS) of Kanani Industries Ltd - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 21.19 | 47.48 | 22.19 | -55.4% | -4.5% |
Total Expenses | 20.46 | 47.43 | 22.29 | -56.9% | -8.2% |
Profit Before Tax | 0.74 | 0.05 | -0.09 | 1380.0% | -922.2% |
Tax | 0.03 | 0.00 | -0.02 | - | -250.0% |
Profit After Tax | 0.71 | 0.05 | -0.08 | 1320.0% | -987.5% |
Earnings Per Share | 0.00 | 0.00 | 0.00 | - | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kanani Industries Ltd is known for its operations primarily in the diamond and jewelry sector. The company specializes in the manufacturing and export of diamond-studded jewelry. It operates within the broader gems and jewelry industry, which is significant in India due to the country's reputation as a leading hub for diamond cutting and jewelry manufacturing. As of the data provided, there are no specific recent developments mentioned, and thus any strategic changes, expansions, or industry shifts affecting Kanani Industries Ltd are not available for this analysis.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Kanani Industries Ltd reported a total income of ₹21.19 crores. This represents a decrease of 55.4% compared to the previous quarter (Q2FY25), where the total income was ₹47.48 crores. When compared year-over-year, there is a 4.5% decrease from Q3FY24, which reported a total income of ₹22.19 crores. These figures suggest significant changes in the company's revenue generation on a quarterly basis, while the yearly trend shows a relatively modest decline.
Profitability
The company saw a notable change in profitability metrics during Q3FY25. The Profit Before Tax (PBT) was ₹0.74 crores, reflecting a substantial increase of 1380.0% from the previous quarter's PBT of ₹0.05 crores. Compared to the same quarter in the previous year, the PBT showed a turnaround from a loss of ₹0.09 crores, marking a -922.2% year-over-year change. The Profit After Tax (PAT) for Q3FY25 was ₹0.71 crores, which also significantly increased by 1320.0% from Q2FY25’s ₹0.05 crores and reversed a loss position of ₹0.08 crores in Q3FY24, showing a -987.5% year-over-year change. Earnings Per Share (EPS) remained constant at ₹0.00 across all compared periods.
Operating Metrics
Total expenses for Q3FY25 amounted to ₹20.46 crores, showing a decrease of 56.9% from the previous quarter's expenses of ₹47.43 crores. Year-over-year, total expenses decreased by 8.2% from ₹22.29 crores in Q3FY24. The tax expense for Q3FY25 was marginal at ₹0.03 crores, with no tax expense recorded in Q2FY25 and a negative figure of ₹0.02 crores in Q3FY24. These operating metrics reflect significant variations both quarterly and annually, particularly in expenses management and tax accounting practices.
