Kesoram Industries Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Kesoram Industries Ltd reported a 11.3% 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 decline of 93.2%.
- Its expenses for the quarter were up by 1.5% QoQ and down 91.7% YoY.
- The net profit decreased 1.1% QoQ and increased 41.6% YoY.
- The earnings per share (EPS) of Kesoram Industries Ltd declined at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 66.43 | 59.67 | 970.48 | 11.3% | -93.2% |
Total Expenses | 84.88 | 83.62 | 1021.78 | 1.5% | -91.7% |
Profit Before Tax | -18.45 | -23.95 | -51.30 | -23.0% | -64.0% |
Tax | -0.11 | 0.00 | -2.44 | - | -95.5% |
Profit After Tax | -69.17 | -69.92 | -48.86 | -1.1% | 41.6% |
Earnings Per Share | -1.10 | -2.30 | -1.60 | -52.2% | -31.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kesoram Industries Ltd is a diversified business conglomerate primarily known for its operations in the cement and rayon industries. The company is part of the larger B.K. Birla Group and has a significant presence in India. Kesoram Industries focuses on producing high-quality cement and rayon, catering to a wide range of industries and infrastructure projects across the nation. The company has been navigating various market dynamics to maintain its competitive edge in these sectors. Recent developments in the industry, such as fluctuations in raw material prices and regulatory changes, can impact the company's operations. However, specific details about recent major developments affecting Kesoram Industries are not provided in the available data.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Kesoram Industries Ltd reported a total income of ₹66.43 crores. This marks an 11.3% increase from the previous quarter (Q2FY25), where the total income was ₹59.67 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income shows a significant decline of 93.2%, as the income then was ₹970.48 crores. This substantial year-over-year decrease reflects variations in revenue streams or market conditions, which are not elaborated in the data provided. The data indicates a quarter-on-quarter improvement in revenue, highlighting changes in the company's operational or market environment.
Profitability
In terms of profitability, Kesoram Industries Ltd recorded a profit before tax of ₹-18.45 crores in Q3FY25. This represents an improvement of 23.0% from the previous quarter, where the profit before tax was ₹-23.95 crores. Compared to Q3FY24, where the profit before tax was ₹-51.30 crores, there is a 64.0% improvement year-over-year. The tax component for Q3FY25 is almost negligible at ₹-0.11 crores, with no tax expense reported in the previous quarter. The profit after tax for Q3FY25 stands at ₹-69.17 crores, slightly improving by 1.1% from Q2FY25's profit after tax of ₹-69.92 crores. However, this figure shows a 41.6% increase in losses when compared to Q3FY24's ₹-48.86 crores. Earnings per share (EPS) for Q3FY25 is noted at ₹-1.10, a significant improvement from Q2FY25's ₹-2.30, and a reduction of 31.3% from the previous year's same quarter which was ₹-1.60.
Operating Metrics
The financial data for Kesoram Industries Ltd reveals that total expenses in Q3FY25 were ₹84.88 crores, which is a slight increase of 1.5% from the previous quarter's ₹83.62 crores. Year-over-year, there is a notable decrease of 91.7% in total expenses from ₹1021.78 crores reported in Q3FY24. This reduction could be attributed to changes in operational efficiency or cost management strategies, though specific details are not provided. The significant drop in both income and expenses year-over-year indicates varying operational levels or restructuring within the company's activities. While the financial data shows some fluctuations in expenses and earnings, it does not provide detailed insight into the operational metrics like production output or sales volume, which could further clarify these financial movements.
