MSP Steel & Power Ltd's Q3FY25 Quarter Results
MSP Steel & Power Ltd's revenue decreased 8.9% YoY
- 14 Feb 2025
Result Summary
- MSP Steel & Power Ltd reported a 9.3% 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 decline of 8.9%.
- Its expenses for the quarter were up by 9.3% QoQ and down 6.5% YoY.
- The net profit decreased 186.3% QoQ and increased 72.0% YoY.
- The earnings per share (EPS) of MSP Steel & Power Ltd stood at 0.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 717.31 | 656.45 | 787.50 | 9.3% | -8.9% |
Total Expenses | 727.04 | 664.91 | 777.50 | 9.3% | -6.5% |
Profit Before Tax | -9.72 | -8.45 | 10.00 | 15.0% | -197.2% |
Tax | -17.93 | 1.08 | 5.23 | -1760.2% | -442.8% |
Profit After Tax | 8.22 | -9.53 | 4.78 | -186.3% | 72.0% |
Earnings Per Share | 0.20 | -0.30 | 0.10 | -166.7% | 100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
## Company Overview
MSP Steel & Power Ltd is a prominent player in the Indian steel and power industry. The company is primarily engaged in the manufacturing of various steel products, including sponge iron, billets, TMT bars, and structurals, which cater to the construction and infrastructure sectors. Additionally, MSP Steel & Power Ltd is involved in power generation, which supports its steel production process. As of the latest available information, the company has been working on optimizing its manufacturing processes and expanding its product offerings to enhance market competitiveness. However, specific recent developments or strategic initiatives are not specified in the provided data.
## Revenue
During Q3FY25, MSP Steel & Power Ltd reported a total income of ₹717.31 crores, reflecting a quarter-over-quarter (QoQ) increase of 9.3% from ₹656.45 crores in Q2FY25. However, when compared to the same quarter in the previous fiscal year, Q3FY24, total income decreased by 8.9% from ₹787.50 crores. This indicates a decline in year-over-year (YoY) revenue, suggesting variability in sales performance over the year. The company's revenue dynamics in this quarter could be attributed to fluctuations in market demand, pricing strategies, or external economic factors impacting the steel industry.
## Profitability
In terms of profitability, MSP Steel & Power Ltd reported a Profit After Tax (PAT) of ₹8.22 crores for Q3FY25, a significant improvement from a loss of ₹9.53 crores in the previous quarter, Q2FY25. This change represents a QoQ improvement of 186.3%. Compared to Q3FY24, when the PAT was ₹4.78 crores, there is a YoY increase of 72.0%. Earnings Per Share (EPS) for Q3FY25 stood at ₹0.20, up from a negative ₹0.30 in Q2FY25 and ₹0.10 in Q3FY24, demonstrating a noticeable improvement in shareholder returns both QoQ and YoY. The positive shift in profitability could be linked to operational efficiencies or cost management strategies.
## Operating Metrics
The company's total expenses for Q3FY25 were ₹727.04 crores, showing a 9.3% QoQ increase from ₹664.91 crores in Q2FY25. Compared to Q3FY24, total expenses decreased by 6.5% from ₹777.50 crores. The Profit Before Tax (PBT) for Q3FY25 was a loss of ₹9.72 crores, which is a slight deterioration from a loss of ₹8.45 crores in Q2FY25, marking a 15.0% QoQ decline. However, this is a notable shift from a positive PBT of ₹10.00 crores in Q3FY24, indicating a YoY decrease of 197.2%. The tax expense for Q3FY25 was negative ₹17.93 crores, contrasting sharply with a positive ₹1.08 crores in Q2FY25 and ₹5.23 crores in Q3FY24. This significant change in tax expense might be due to adjustments or deferred tax benefits recognized during the period.
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