Madhav Marbles and Granites Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Madhav Marbles and Granites Ltd reported a 4.5% 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 decline of 7.0%.
- Its expenses for the quarter were down by 6.2% QoQ and 23.6% YoY.
- The net profit decreased 5.9% QoQ and decreased 85.1% YoY.
- The earnings per share (EPS) of Madhav Marbles and Granites Ltd declined at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 6.82 | 7.14 | 7.33 | -4.5% | -7.0% |
Total Expenses | 7.01 | 7.47 | 9.17 | -6.2% | -23.6% |
Profit Before Tax | -0.17 | -0.33 | -1.84 | -48.5% | -90.8% |
Tax | 0.15 | 0.01 | -0.04 | 1400.0% | -475.0% |
Profit After Tax | -0.32 | -0.34 | -2.15 | -5.9% | -85.1% |
Earnings Per Share | -0.40 | -0.40 | -2.40 | 0.0% | -83.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Madhav Marbles and Granites Ltd is a company primarily engaged in the business of manufacturing and exporting granite and marble products. As a part of the natural stone industry, the company specializes in processing and supplying a diverse range of stone products, including slabs and tiles, which are used for various applications in construction and interior decoration. The company has established its presence in both domestic and international markets, with a focus on quality and customer satisfaction. Recent developments for the company are not available from the provided data, but it is known for its significant role in the stone industry.
Revenue
In the third quarter of fiscal year 2025, Madhav Marbles and Granites Ltd reported a total income of ₹6.82 crores. This represents a decline of 4.5% compared to the previous quarter, Q2FY25, where total income was noted at ₹7.14 crores. Additionally, when compared to the same quarter of the previous fiscal year, Q3FY24, the total income saw a decrease of 7.0%, down from ₹7.33 crores. The quarterly and yearly reductions in total income indicate changes in revenue streams during these periods, which may be influenced by market conditions or operational factors inherent to the stone industry.
Profitability
The company recorded a loss before tax of ₹0.17 crores in Q3FY25, which marks a significant improvement of 48.5% from the loss of ₹0.33 crores in Q2FY25. When compared to the same quarter in the previous year, Q3FY24, where the loss was ₹1.84 crores, the improvement is even more pronounced at 90.8%. The tax expense for Q3FY25 was ₹0.15 crores, which represents a substantial increase from Q2FY25, where the tax was ₹0.01 crores, and a reversal from the negative tax figure of -₹0.04 crores in Q3FY24. The net result was a profit after tax loss of ₹0.32 crores, slightly better than the ₹0.34 crores loss reported in the previous quarter and a significant improvement from the ₹2.15 crores loss in the same quarter of the previous year, reflecting an 85.1% year-over-year improvement. The earnings per share remained constant at -₹0.40 compared to the previous quarter, showing no change, while it had improved from -₹2.40 in the same quarter last year, marking an 83.3% improvement.
Operating Metrics
The total expenses for Madhav Marbles and Granites Ltd in Q3FY25 were ₹7.01 crores, showing a reduction of 6.2% from Q2FY25, where expenses were ₹7.47 crores. Compared to Q3FY24, expenses decreased by 23.6% from ₹9.17 crores. These changes in expenses are indicative of potential variations in operational efficiency or cost management strategies over the quarters. The earnings per share (EPS) for this quarter was -₹0.40, consistent with the previous quarter, but an improvement from -₹2.40 in Q3FY24. The consistent EPS over the last two quarters and the marked improvement from the previous year are noteworthy in terms of financial performance. The data reflects the company's ongoing efforts to manage its financial metrics amidst varying revenue and expense scenarios.
