Laxmi Organic Industries Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Laxmi Organic Industries Ltd reported a 1.8% 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 13.2%.
- Its expenses for the quarter were up by 1.8% QoQ and 11.2% YoY.
- The net profit increased 4.3% QoQ and increased 7.8% YoY.
- The earnings per share (EPS) of Laxmi Organic Industries Ltd stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 791.97 | 777.91 | 699.64 | 1.8% | 13.2% |
Total Expenses | 744.91 | 731.66 | 670.09 | 1.8% | 11.2% |
Profit Before Tax | 47.05 | 46.25 | 29.55 | 1.7% | 59.2% |
Tax | 17.74 | 18.16 | 2.36 | -2.3% | 651.7% |
Profit After Tax | 29.31 | 28.09 | 27.19 | 4.3% | 7.8% |
Earnings Per Share | 1.10 | 1.00 | 1.00 | 10.0% | 10.0% |
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 Organic Industries Ltd is a prominent player in the chemical industry, specializing in the manufacture of specialty chemicals and intermediates. The company's product portfolio primarily includes acetyl intermediates and specialty intermediates, which are used in a variety of sectors such as pharmaceuticals, agrochemicals, dyes, and coatings. Laxmi Organic is known for its commitment to sustainability and innovation, continuously enhancing its product offerings to meet evolving customer needs. While specific recent developments are not provided here, the company is known to focus on expanding its production capabilities and enhancing its global footprint.
Revenue
During Q3FY25, Laxmi Organic Industries Ltd reported a total income of ₹791.97 crores, marking a 1.8% increase from the previous quarter (Q2FY25) where the total income was ₹777.91 crores. Compared to the same quarter in the previous year (Q3FY24), total income showed a significant increase of 13.2%, up from ₹699.64 crores. This growth is indicative of the company's ability to generate higher revenues year-over-year, reflecting their operational strategies and market demand for their products.
Profitability
The Profit Before Tax (PBT) for Q3FY25 was ₹47.05 crores, showing a modest quarter-over-quarter increase of 1.7% from ₹46.25 crores in Q2FY25. Year-over-year, there was a substantial growth of 59.2% from ₹29.55 crores in Q3FY24. After accounting for taxes, the Profit After Tax (PAT) stood at ₹29.31 crores, a 4.3% increase from ₹28.09 crores in the previous quarter, and a 7.8% increase from ₹27.19 crores year-over-year. The tax expense was ₹17.74 crores, reflecting a slight decrease of 2.3% from the previous quarter, but a significant increase year-over-year by 651.7%.
Operating Metrics
The Earnings Per Share (EPS) for Laxmi Organic in Q3FY25 was ₹1.10, a 10% increase both quarter-over-quarter and year-over-year from ₹1.00. The total expenses for the quarter were ₹744.91 crores, a 1.8% increase from the previous quarter's ₹731.66 crores, and an 11.2% increase from ₹670.09 crores in Q3FY24. This data reflects the company's operational scale and expenditure in line with its revenue growth. However, specific financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data, which are typically crucial for a comprehensive analysis of operating efficiency and financial health.
