Mindteck (India) Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Mindteck (India) Ltd reported a 3.8% 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 8.8%.
- Its expenses for the quarter were down by 4.4% QoQ and up 9.0% YoY.
- The net profit increased 4.8% QoQ and increased 10.3% YoY.
- The earnings per share (EPS) of Mindteck (India) Ltd stood at 2.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 105.85 | 109.98 | 97.27 | -3.8% | 8.8% |
Total Expenses | 96.53 | 100.97 | 88.54 | -4.4% | 9.0% |
Profit Before Tax | 9.32 | 9.01 | 8.73 | 3.4% | 6.8% |
Tax | 1.39 | 1.44 | 1.54 | -3.5% | -9.7% |
Profit After Tax | 7.93 | 7.57 | 7.19 | 4.8% | 10.3% |
Earnings Per Share | 2.50 | 2.40 | 2.80 | 4.2% | -10.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mindteck (India) Ltd is a company known for delivering technology solutions and services across various industries. It primarily operates within the IT services sector and offers a range of services including engineering R&D, IT services, and consulting. The company has a significant presence in both domestic and international markets, often engaging in projects that leverage its expertise in IoT, cloud computing, and analytics. As of the latest available data, specific recent developments or strategic changes within the company have not been detailed here.
Revenue
During the third quarter of the fiscal year 2025, Mindteck (India) Ltd reported a total income of ₹105.85 crores. This represents a decrease of 3.8% from the previous quarter's total income of ₹109.98 crores. However, when compared to the same quarter in the previous fiscal year, there was an increase of 8.8%, with the total income standing at ₹97.27 crores during Q3FY24. This year-over-year growth suggests a positive trend in revenue generation compared to the previous fiscal year.
Profitability
For Q3FY25, Mindteck (India) Ltd reported a profit before tax of ₹9.32 crores, which marked a 3.4% increase from the preceding quarter's profit before tax of ₹9.01 crores. The company's profit after tax for Q3FY25 was ₹7.93 crores, reflecting a quarter-over-quarter growth of 4.8% and a year-over-year increase of 10.3% from Q3FY24's profit after tax of ₹7.19 crores. Despite a decrease in tax expenses by 3.5% compared to the previous quarter and a 9.7% decline from the previous year's same quarter, earnings per share for Q3FY25 stood at ₹2.50, showing a 4.2% increase from the prior quarter but a decrease of 10.7% year-over-year from Q3FY24's EPS of ₹2.80.
Operating Metrics
Operating expenses for Mindteck (India) Ltd in Q3FY25 totaled ₹96.53 crores, reflecting a 4.4% decrease from Q2FY25 where expenses were ₹100.97 crores. Despite this quarter-over-quarter reduction, total expenses were 9.0% higher than Q3FY24's expenses of ₹88.54 crores. The data indicates a trend of increasing operational costs year-over-year, even as the company managed to reduce its expenses from the previous quarter. The significant metrics of profit before and after tax demonstrate the company's operational efficiency in maintaining profitability amidst varying income and expense figures.
