Man Industries (India) Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Man Industries (India) Ltd reported a 9.7% 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 13.0%.
- Its expenses for the quarter were down by 10.8% QoQ and 14.1% YoY.
- The net profit increased 7.1% QoQ and increased 11.5% YoY.
- The earnings per share (EPS) of Man Industries (India) Ltd stood at 5.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 737.48 | 816.96 | 847.37 | -9.7% | -13.0% |
Total Expenses | 690.62 | 774.15 | 804.15 | -10.8% | -14.1% |
Profit Before Tax | 46.86 | 42.81 | 43.22 | 9.5% | 8.4% |
Tax | 12.74 | 10.95 | 12.62 | 16.3% | 1.0% |
Profit After Tax | 34.12 | 31.86 | 30.60 | 7.1% | 11.5% |
Earnings Per Share | 5.20 | 4.70 | 4.90 | 10.6% | 6.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Man Industries (India) Ltd is a prominent player in the manufacturing sector, primarily engaged in the production of large diameter carbon steel pipes and various types of coatings. These products are essential for applications in the oil and gas sector, as well as water transportation. The company operates within the broader steel industry, which is subject to fluctuations based on global economic conditions and industry-specific demand. However, specific recent developments or changes in the company's strategic direction or product offerings are not available in the provided data.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Man Industries reported a total income of ₹737.48 crores. This figure reflects a decline both on a quarter-over-quarter (QoQ) basis by 9.7% from ₹816.96 crores in Q2FY25 and on a year-over-year (YoY) basis by 13.0% from ₹847.37 crores in Q3FY24. The decrease in revenue indicates a downward trend when compared to both the previous quarter and the same quarter in the prior year. Revenue fluctuations can be influenced by various factors, including market demand, pricing strategies, and competitive dynamics, none of which are specified in the data provided.
Profitability
The profitability of Man Industries in Q3FY25 shows an upward trajectory. The company's profit before tax (PBT) rose to ₹46.86 crores, marking an increase of 9.5% QoQ from ₹42.81 crores in Q2FY25 and 8.4% YoY from ₹43.22 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) for Q3FY25 stood at ₹34.12 crores, an improvement of 7.1% QoQ from ₹31.86 crores and 11.5% YoY from ₹30.60 crores. The tax expense increased to ₹12.74 crores in Q3FY25, compared to ₹10.95 crores in Q2FY25 and ₹12.62 crores in Q3FY24. This increase in tax expense aligns with the rise in profitability before tax. Earnings per share (EPS) for Q3FY25 were ₹5.20, which is a 10.6% increase from ₹4.70 in Q2FY25 and a 6.1% increase from ₹4.90 in Q3FY24.
Operating Metrics
In terms of operating expenses, the total expenses for Q3FY25 were recorded at ₹690.62 crores, showing a reduction of 10.8% QoQ from ₹774.15 crores in Q2FY25 and 14.1% YoY from ₹804.15 crores in Q3FY24. This decrease in expenses may reflect operational efficiencies or cost-cutting measures, although specific strategies are not detailed in the data. The reduction in expenses, despite lower revenue, contributed to the improved profitability metrics. The company's ability to maintain profitability amidst declining revenues is a notable aspect of its recent financial performance.
