Loyal Textile Mills Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Loyal Textile Mills Ltd reported a 19.2% 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 29.0%.
- Its expenses for the quarter were down by 20.2% QoQ and 17.8% YoY.
- The net profit decreased 48.4% QoQ and increased 1101.8% YoY.
- The earnings per share (EPS) of Loyal Textile Mills Ltd declined at 54.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 158.70 | 196.32 | 223.60 | -19.2% | -29.0% |
Total Expenses | 193.92 | 242.86 | 235.98 | -20.2% | -17.8% |
Profit Before Tax | -35.22 | -54.03 | -12.38 | -34.8% | 184.5% |
Tax | -7.38 | -1.05 | -5.32 | 602.9% | 38.7% |
Profit After Tax | -26.20 | -50.73 | -2.18 | -48.4% | 1101.8% |
Earnings Per Share | -54.40 | -105.30 | -4.50 | -48.3% | 1108.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Loyal Textile Mills Ltd is a prominent player in the textile industry, primarily engaged in the production and distribution of various textile products. Although specific recent developments are not available in the provided information, the company is known for its extensive range of offerings, including yarns, fabrics, garments, home textiles, and technical textiles. As part of the textile manufacturing sector, Loyal Textile Mills competes in a highly competitive market characterized by fluctuating raw material prices, evolving consumer preferences, and global trade dynamics. The company's operations are influenced by both domestic and international market conditions, as well as regulatory and environmental factors typical of the textile industry.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Loyal Textile Mills Ltd reported a total income of ₹158.70 crores. This represents a significant decline of 19.2% from the previous quarter (Q2FY25), where the total income was ₹196.32 crores. When compared to the same quarter in the previous year (Q3FY24), the total income shows a decrease of 29.0%, having been ₹223.60 crores during that period. The sequential and year-over-year reductions in total income highlight the challenges faced by the company in maintaining its revenue streams. This trend may reflect broader industry conditions or company-specific factors affecting sales and revenue generation.
Profitability
Loyal Textile Mills Ltd's profitability metrics for Q3FY25 indicate a challenging financial period. The company reported a Profit Before Tax (PBT) of -₹35.22 crores, which, while still negative, marks an improvement from the previous quarter's PBT of -₹54.03 crores, reflecting a 34.8% improvement quarter-over-quarter. However, when compared year-over-year, there is a significant deterioration from a PBT of -₹12.38 crores in Q3FY24, representing a 184.5% decline. The Profit After Tax (PAT) for Q3FY25 was -₹26.20 crores, showing a notable improvement of 48.4% from the previous quarter's PAT of -₹50.73 crores. Comparing year-over-year, the PAT worsened drastically by 1101.8% from -₹2.18 crores in Q3FY24. Such figures are further reflected in the Earnings Per Share (EPS), which stood at -₹54.40, an improvement from -₹105.30 in the previous quarter, but a significant drop from -₹4.50 in Q3FY24, marking a YoY decline of 1108.9%.
Operating Metrics
Analyzing the operating metrics, Loyal Textile Mills Ltd's total expenses for Q3FY25 amounted to ₹193.92 crores. This figure represents a decrease of 20.2% from Q2FY25's total expenses of ₹242.86 crores, highlighting a reduction in operating costs over the quarter. Year-over-year, the total expenses decreased by 17.8% from ₹235.98 crores in Q3FY24. The tax expense in Q3FY25 amounted to -₹7.38 crores, which is an increase from -₹1.05 crores in the previous quarter, marking a substantial rise of 602.9% quarter-over-quarter. Moreover, when compared year-over-year, the tax expense shows an increase of 38.7% from -₹5.32 crores in Q3FY24. The data reflects the changes in cost structures and tax liabilities that the company is navigating in the current fiscal environment.
