Meghmani Organics Ltd's Q3FY25 Quarter Results
- 09 Feb 2025
Result Summary
- Meghmani Organics Ltd reported a 3.9% 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 59.8%.
- Its expenses for the quarter were up by 0.9% QoQ and 39.3% YoY.
- The net profit decreased 52.6% QoQ and decreased 88.5% YoY.
- The earnings per share (EPS) of Meghmani Organics Ltd declined at 0.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 577.65 | 555.86 | 361.38 | 3.9% | 59.8% |
Total Expenses | 570.24 | 565.03 | 409.31 | 0.9% | 39.3% |
Profit Before Tax | 7.41 | -9.17 | -47.94 | -180.8% | -115.5% |
Tax | 11.80 | 0.10 | -9.71 | 11700.0% | -221.5% |
Profit After Tax | -4.39 | -9.27 | -38.23 | -52.6% | -88.5% |
Earnings Per Share | -0.20 | -0.40 | -1.50 | -50.0% | -86.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Meghmani Organics Ltd is a prominent player in the chemical industry, primarily engaged in the manufacturing and distribution of a wide range of chemical products. The company's portfolio includes agrochemicals, pigments, and other specialized chemicals that are essential in various industrial applications. Meghmani Organics has established a strong presence in both domestic and international markets, leveraging its robust production capabilities and strategic partnerships. While specific recent developments are not provided, the company is known for its focus on innovation and expanding its product lines to meet the evolving needs of its customers.
Revenue
In the third quarter of the fiscal year 2025, Meghmani Organics Ltd reported a total income of ₹577.65 crores. This reflects a quarter-over-quarter (QoQ) increase of 3.9% from ₹555.86 crores in Q2FY25. The year-over-year (YoY) growth is even more pronounced, with total income rising by 59.8% from ₹361.38 crores in Q3FY24. This substantial YoY increase underscores a significant expansion in the company's revenue over the past year. Such growth can be indicative of increased sales volumes, higher product prices, or a combination of both, contributing to the overall revenue enhancement.
Profitability
The profitability metrics for Meghmani Organics Ltd in Q3FY25 show a marked improvement from previous quarters. The company achieved a profit before tax (PBT) of ₹7.41 crores, a substantial turnaround from a loss of ₹9.17 crores in Q2FY25 and a notable improvement from a loss of ₹47.94 crores in Q3FY24. Despite this positive shift in PBT, the company recorded a loss after tax of ₹4.39 crores in this quarter, compared to losses of ₹9.27 crores in Q2FY25 and ₹38.23 crores in Q3FY24. The earnings per share (EPS) also improved, albeit remaining negative at -₹0.20, compared to -₹0.40 in the previous quarter and -₹1.50 a year ago. The tax expense for the quarter was ₹11.80 crores, a significant increase from ₹0.10 crores in Q2FY25 and contrasting with a tax benefit of ₹9.71 crores in Q3FY24.
Operating Metrics
The company's total expenses for Q3FY25 were ₹570.24 crores, showing a marginal increase of 0.9% QoQ from ₹565.03 crores in Q2FY25. However, the YoY increase in total expenses was 39.3%, up from ₹409.31 crores in Q3FY24, indicating a rise in operational costs. This increase in expenses could be attributed to various factors such as higher raw material costs, increased production volumes, or other operational activities. Despite the rise in expenses, the company managed to improve its profit before tax, highlighting effective cost management or improved operational efficiencies. The significant increase in tax expense for the current quarter is a noteworthy aspect of the company’s financial operations, impacting the net profitability despite the improved gross earnings.
