Mohit Industries Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Mohit Industries Ltd reported a 14.7% 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 2.5%.
- Its expenses for the quarter were up by 13.4% QoQ and 3.6% YoY.
- The net profit decreased 44.1% QoQ and increased 35.7% YoY.
- The earnings per share (EPS) of Mohit Industries Ltd declined at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 30.50 | 26.60 | 29.75 | 14.7% | 2.5% |
Total Expenses | 31.52 | 27.80 | 30.43 | 13.4% | 3.6% |
Profit Before Tax | -1.03 | -1.20 | -0.68 | -14.2% | 51.5% |
Tax | -0.46 | -0.18 | -0.26 | 155.6% | 76.9% |
Profit After Tax | -0.57 | -1.02 | -0.42 | -44.1% | 35.7% |
Earnings Per Share | -0.40 | -0.70 | -0.30 | -42.9% | 33.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mohit Industries Ltd. primarily operates in the textile industry, focusing on the production and distribution of various textile products. As a company entrenched in the manufacturing sector, it has been a part of a competitive and dynamic market where quality and cost efficiency are crucial. The industry is characterized by its sensitivity to raw material prices and consumer demand fluctuations. However, specific recent developments within Mohit Industries Ltd. are not available in the provided data.
Revenue
In Q3FY25, Mohit Industries Ltd. reported a total income of ₹30.50 crores, marking a 14.7% increase from the previous quarter's total income of ₹26.60 crores. Compared to the same quarter in the previous year (Q3FY24), which had a total income of ₹29.75 crores, the company experienced a modest year-over-year growth of 2.5%. This indicates a positive trend in revenue generation over both the quarterly and annual intervals. The increase in total income suggests an improvement in the company’s ability to generate sales and other income streams within the specified period.
Profitability
The profitability metrics for Mohit Industries Ltd. indicate a challenging quarter. The company recorded a Profit Before Tax (PBT) of -₹1.03 crores in Q3FY25, which, although an improvement from the -₹1.20 crores reported in the previous quarter, reflects a decline compared to -₹0.68 crores in the same quarter of the previous year. The Profit After Tax (PAT) for Q3FY25 was -₹0.57 crores, an improvement from the -₹1.02 crores in Q2FY25 but lower than the -₹0.42 crores in Q3FY24. The Earnings Per Share (EPS) for Q3FY25 stood at -₹0.40, showing an improvement from -₹0.70 in the previous quarter, yet it is lower than the -₹0.30 reported in Q3FY24. These figures reflect a significant year-over-year decline in profitability.
Operating Metrics
The total expenses for Mohit Industries Ltd. in Q3FY25 amounted to ₹31.52 crores, increasing by 13.4% from ₹27.80 crores in Q2FY25 and 3.6% from ₹30.43 crores in Q3FY24. This rise in expenses outpaced the growth in revenue, impacting the profit margins. The tax expenses increased significantly to -₹0.46 crores in Q3FY25 from -₹0.18 crores in Q2FY25 and -₹0.26 crores in Q3FY24, reflecting a substantial year-over-year rise of 76.9% and a quarter-over-quarter increase of 155.6%. The operating metrics highlight the pressure on the company to manage costs effectively while navigating an environment of rising expenses.
