Manaksia Steels Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Manaksia Steels Ltd reported a 43.0% 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 17.0%.
- Its expenses for the quarter were up by 43.4% QoQ and 19.8% YoY.
- The net profit increased 112.8% QoQ and decreased 51.8% YoY.
- The earnings per share (EPS) of Manaksia Steels Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 160.53 | 112.29 | 137.21 | 43.0% | 17.0% |
Total Expenses | 158.34 | 110.39 | 132.19 | 43.4% | 19.8% |
Profit Before Tax | 2.10 | 1.69 | 6.96 | 24.3% | -69.8% |
Tax | -0.21 | 0.60 | 2.14 | -135.0% | -109.8% |
Profit After Tax | 2.32 | 1.09 | 4.81 | 112.8% | -51.8% |
Earnings Per Share | 0.30 | 0.20 | 0.70 | 50.0% | -57.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Manaksia Steels Ltd is a company engaged in the steel industry, primarily focusing on the production and sale of steel products. Its offerings may include products such as galvanized steel sheets, cold-rolled steel, and other related steel products. The company operates within the broader manufacturing sector, catering to various industries that utilize steel as a fundamental material. As of the most recent data, no specific recent major developments have been provided for the company. Information regarding any strategic initiatives or expansions is not available, but the company continues to demonstrate activity in its financial performance.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Manaksia Steels Ltd reported a total income of ₹160.53 crores, reflecting a significant increase compared to the previous quarter (Q2FY25) where the income was ₹112.29 crores. This represents a quarter-over-quarter (QoQ) growth of 43.0%. Additionally, when compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹137.21 crores, there is a year-over-year (YoY) increase of 17.0%. This upward trend in total income indicates a positive shift in revenue generation over both the quarterly and annual periods.
Profitability
For the quarter ending in Q3FY25, Manaksia Steels Ltd recorded a profit before tax (PBT) of ₹2.10 crores. This marks a 24.3% increase from the prior quarter (Q2FY25), where the PBT was ₹1.69 crores. However, when compared year-over-year, the PBT shows a substantial decline of 69.8% from ₹6.96 crores in Q3FY24. The tax for Q3FY25 was recorded as a negative ₹0.21 crores, contrasting with a tax expense of ₹0.60 crores in Q2FY25 and ₹2.14 crores in Q3FY24, indicating a significant change in tax liabilities. Consequently, the profit after tax (PAT) for Q3FY25 was ₹2.32 crores, which represents a notable increase of 112.8% QoQ from ₹1.09 crores in Q2FY25, but a decrease of 51.8% YoY from ₹4.81 crores in Q3FY24. The earnings per share (EPS) stood at ₹0.30 for Q3FY25, up by 50.0% from the previous quarter's ₹0.20, but down by 57.1% from ₹0.70 in Q3FY24.
Operating Metrics
In terms of operating expenses, the total expenses for Manaksia Steels Ltd in Q3FY25 amounted to ₹158.34 crores. This is a 43.4% increase from Q2FY25, where the expenses were ₹110.39 crores. Compared to Q3FY24, where expenses were ₹132.19 crores, there is a YoY rise of 19.8%. The substantial rise in both QoQ and YoY expenses corresponds with the increase in total income, reflecting potential changes in operational scale or cost structure. The relationship between the increase in total income and total expenses can be observed, with both metrics showing significant growth during the quarter. The data presented does not include specific financial ratios or detailed operating metrics, such as P/E ratio, debt-to-equity ratio, or current ratio, which would require additional information beyond the provided financial figures.
