Laxmi Cotspin Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Laxmi Cotspin Ltd reported a 25.5% 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 34.6%.
- Its expenses for the quarter were down by 31.0% QoQ and up 24.9% YoY.
- The net profit decreased 107.2% QoQ and decreased 112.6% YoY.
- The earnings per share (EPS) of Laxmi Cotspin Ltd stood at 0.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 42.25 | 56.74 | 31.40 | -25.5% | 34.6% |
Total Expenses | 41.90 | 60.73 | 33.55 | -31.0% | 24.9% |
Profit Before Tax | 0.34 | -3.98 | -2.15 | -108.5% | -115.8% |
Tax | 0.07 | -0.21 | 0.00 | -133.3% | - |
Profit After Tax | 0.27 | -3.77 | -2.15 | -107.2% | -112.6% |
Earnings Per Share | 0.20 | -2.20 | -1.30 | -109.1% | -115.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Laxmi Cotspin Ltd is a company presumably operating in the textile industry, specializing in cotton spinning. As of the latest available data, no specific recent developments or changes in business strategy have been highlighted. The company appears to be engaged in the production of cotton yarn, a critical raw material for the textile and apparel industries. With the data provided, further details regarding the company's market position, competitive landscape, or strategic initiatives are not available. The analysis will focus on the financial performance of the company based on the available quarterly data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Laxmi Cotspin Ltd reported a total income of ₹42.25 crores. This figure represents a decrease of 25.5% from the previous quarter (Q2FY25), where the total income was ₹56.74 crores. However, compared to the same quarter in the previous year (Q3FY24), which recorded a total income of ₹31.40 crores, there was a notable increase of 34.6% year-over-year. These data points highlight the fluctuations in the company's revenue performance over the recent quarters.
Profitability
The profitability metrics for Laxmi Cotspin Ltd show significant changes over the observed periods. For Q3FY25, the company achieved a profit before tax of ₹0.34 crores, marking a significant improvement from a loss of ₹3.98 crores in Q2FY25. This transition also reflects a change from a loss of ₹2.15 crores in Q3FY24. The profit after tax for Q3FY25 was ₹0.27 crores, compared to a loss of ₹3.77 crores in Q2FY25, and a loss of ₹2.15 crores in Q3FY24. The earnings per share in Q3FY25 was ₹0.20, contrasting with negative earnings in the previous quarter and the same quarter last year, showing a year-over-year improvement of 115.4%.
Operating Metrics
The operating expenses for Laxmi Cotspin Ltd show a marked decrease in the third quarter of fiscal year 2025. Total expenses were reported at ₹41.90 crores in Q3FY25, which is a reduction of 31.0% from Q2FY25, where expenses were ₹60.73 crores. Year-over-year, the total expenses increased by 24.9% from ₹33.55 crores in Q3FY24. This suggests a significant reduction in quarter-over-quarter expenses while experiencing an increase on a year-over-year basis. Tax expenses in Q3FY25 were recorded at ₹0.07 crores, contrasting with a tax credit of ₹0.21 crores in Q2FY25 and zero tax in Q3FY24, reflecting changes in the company's tax obligations over the periods.
