Mirza International Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Mirza International Ltd reported a 43.0% 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 19.8%.
- Its expenses for the quarter were down by 36.9% QoQ and 10.6% YoY.
- The net profit decreased 196.4% QoQ and decreased 229.3% YoY.
- The earnings per share (EPS) of Mirza International Ltd declined at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 114.92 | 201.70 | 143.22 | -43.0% | -19.8% |
Total Expenses | 122.75 | 194.38 | 137.36 | -36.9% | -10.6% |
Profit Before Tax | -7.83 | 7.32 | 5.86 | -207.0% | -233.6% |
Tax | -2.15 | 1.42 | 1.46 | -251.4% | -247.3% |
Profit After Tax | -5.69 | 5.90 | 4.40 | -196.4% | -229.3% |
Earnings Per Share | -0.40 | 0.40 | 0.30 | -200.0% | -233.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mirza International Ltd is a company that operates in the footwear and fashion industry, primarily known for its production and export of leather footwear and accessories. The company has established itself as a significant player in the market with its brands like Red Tape, which caters to both domestic and international markets. Mirza International Ltd has also expanded its product range to include apparel and accessories, thereby diversifying its offerings. As of the latest updates, there are no specific references to major developments or strategic changes in the company's operations within the given data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Mirza International Ltd reported total income of ₹114.92 crores. This reflects a decrease of 43.0% from the previous quarter (Q2FY25) where the total income was ₹201.70 crores. Compared to the same quarter in the previous year (Q3FY24), the total income showed a decline of 19.8% from ₹143.22 crores. These figures indicate a downward trend in the company's revenue over both the quarter-on-quarter (QoQ) and year-on-year (YoY) periods. The significant reductions in total income highlight an area of concern that requires further examination of external and internal factors affecting the company's revenue streams.
Profitability
The profitability metrics for Mirza International Ltd for Q3FY25 indicate a challenging financial period. The company reported a loss before tax of ₹7.83 crores, a significant reversal from a profit of ₹7.32 crores in Q2FY25, marking a QoQ change of -207.0%. Year-over-year, the profit before tax decreased by 233.6% from a profit of ₹5.86 crores in Q3FY24. The tax expense turned negative to ₹-2.15 crores, compared to ₹1.42 crores in Q2FY25 and ₹1.46 crores in Q3FY24. Consequently, the profit after tax also reflected a loss of ₹5.69 crores in Q3FY25, compared to a profit of ₹5.90 crores in the previous quarter and ₹4.40 crores in the same quarter last year, showing a QoQ change of -196.4% and a YoY change of -229.3%.
Operating Metrics
During Q3FY25, Mirza International Ltd recorded total expenses of ₹122.75 crores, which is a decline of 36.9% from ₹194.38 crores in Q2FY25. When compared to Q3FY24, the expenses decreased by 10.6% from ₹137.36 crores. Despite the reduction in expenses, the company still reported losses, indicating other potential challenges in managing operating costs or revenue generation. The earnings per share (EPS) for Q3FY25 was negative at ₹-0.40, down from ₹0.40 in Q2FY25 and ₹0.30 in Q3FY24. This represents a QoQ decrease of 200.0% and a YoY decrease of 233.3%. The negative EPS underscores the need for strategic financial management to enhance profitability and shareholder value.
