Maithan Alloys Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Maithan Alloys Ltd reported a 2.4% 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 19.1%.
- Its expenses for the quarter were up by 20.8% QoQ and 22.8% YoY.
- The net profit decreased 36.7% QoQ and increased 5.9% YoY.
- The earnings per share (EPS) of Maithan Alloys Ltd stood at 31.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 628.15 | 643.42 | 527.22 | -2.4% | 19.1% |
Total Expenses | 514.42 | 425.97 | 418.75 | 20.8% | 22.8% |
Profit Before Tax | 113.73 | 217.45 | 108.47 | -47.7% | 4.8% |
Tax | 23.41 | 74.75 | 23.17 | -68.7% | 1.0% |
Profit After Tax | 90.32 | 142.70 | 85.30 | -36.7% | 5.9% |
Earnings Per Share | 31.20 | 49.40 | 29.30 | -36.8% | 6.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Maithan Alloys Ltd is a prominent player in the Indian metals and mining industry, primarily engaged in the manufacturing and supply of ferro alloys. Ferro alloys are crucial in the steel-making process, as they are used to improve the physical and chemical properties of steel. The company caters to both domestic and international markets, contributing to the steel production sector's growth. While specific recent developments concerning the company are not available, Maithan Alloys Ltd's consistent focus on quality and innovation positions it as a noteworthy entity in its industry.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Maithan Alloys Ltd reported a total income of ₹628.15 crores. This marks a decrease of 2.4% compared to the previous quarter (Q2FY25), where the total income was ₹643.42 crores. However, there is a significant year-over-year (YoY) growth of 19.1%, as the total income was ₹527.22 crores in the same quarter of the previous year (Q3FY24). This indicates the company's revenue generation over the past year has shown an upward trajectory despite the recent quarterly decline.
Profitability
The profitability of Maithan Alloys Ltd in Q3FY25 saw a decline compared to the previous quarter. The profit before tax was recorded at ₹113.73 crores, down by 47.7% from ₹217.45 crores in Q2FY25. Comparing year-over-year, there is a modest increase of 4.8% from ₹108.47 crores in Q3FY24. The profit after tax was ₹90.32 crores for Q3FY25, which is a decrease of 36.7% from ₹142.70 crores in the preceding quarter. However, it is 5.9% higher than the ₹85.30 crores reported in Q3FY24. The company's earnings per share (EPS) stood at ₹31.20, decreasing 36.8% from ₹49.40 in Q2FY25 but reflecting a 6.5% increase from ₹29.30 in Q3FY24.
Operating Metrics
Maithan Alloys Ltd's operating expenses in Q3FY25 were ₹514.42 crores, showing a significant quarter-over-quarter increase of 20.8% from ₹425.97 crores in Q2FY25. Year-over-year, the expenses went up by 22.8% from ₹418.75 crores in Q3FY24. The tax expenses for the quarter were ₹23.41 crores, which is a substantial decrease of 68.7% compared to ₹74.75 crores in Q2FY25, while remaining relatively stable with a 1.0% increase from ₹23.17 crores in Q3FY24. These metrics highlight changes in the company's cost structure and tax liabilities over the analyzed periods.
