Mukand Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Mukand Ltd reported a 0.2% 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 6.9%.
- Its expenses for the quarter were up by 0.1% QoQ and 6.4% YoY.
- The net profit decreased 42.3% QoQ and decreased 23.1% YoY.
- The earnings per share (EPS) of Mukand Ltd stood at 1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1263.81 | 1266.15 | 1182.38 | -0.2% | 6.9% |
Total Expenses | 1234.49 | 1232.96 | 1160.47 | 0.1% | 6.4% |
Profit Before Tax | 29.32 | 33.19 | 21.91 | -11.7% | 33.8% |
Tax | 14.44 | 7.41 | 2.55 | 94.9% | 466.3% |
Profit After Tax | 14.88 | 25.78 | 19.36 | -42.3% | -23.1% |
Earnings Per Share | 1.00 | 1.80 | 1.30 | -44.4% | -23.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mukand Ltd is a diversified company primarily engaged in the manufacturing sector. It operates in the steel and engineering industries, producing alloy steel and stainless steel products, as well as providing engineering services. The company's main products include steel bars, rods, and wires, which are used in various industries such as automotive, construction, and engineering. Mukand Ltd also has a presence in the industrial machinery and heavy equipment sectors. As of the latest available data, there have been no significant reported developments affecting the company.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Mukand Ltd reported a total income of ₹1263.81 crores, which represents a slight decrease of 0.2% compared to the previous quarter (Q2FY25), where the total income was ₹1266.15 crores. However, when compared to the same quarter of the previous fiscal year (Q3FY24), the total income increased by 6.9% from ₹1182.38 crores. These figures indicate a stable revenue stream with modest year-over-year growth, which is a positive sign for the company's income generation capabilities.
Profitability
The company's profit before tax in Q3FY25 was ₹29.32 crores, reflecting a decrease of 11.7% from the previous quarter's profit before tax of ₹33.19 crores. Despite this quarterly decline, there was a significant year-over-year increase of 33.8% compared to ₹21.91 crores in Q3FY24. The tax expense for Q3FY25 was ₹14.44 crores, a significant increase of 94.9% from the previous quarter and a substantial rise of 466.3% from the same quarter last year. Consequently, profit after tax stood at ₹14.88 crores, marking a decline of 42.3% quarter-over-quarter and 23.1% year-over-year. Earnings per share for Q3FY25 were ₹1.00, down from ₹1.80 in Q2FY25 and ₹1.30 in Q3FY24, aligning with the reduction in net profitability.
Operating Metrics
In terms of operating metrics, total expenses for Mukand Ltd during Q3FY25 amounted to ₹1234.49 crores, which shows a marginal increase of 0.1% compared to ₹1232.96 crores reported in the previous quarter. Year-over-year, total expenses increased by 6.4% from ₹1160.47 crores in Q3FY24. The financial data indicates that the company's expenses have grown both on a quarterly and annual basis. The increase in expenses alongside a decline in profit margins highlights the financial dynamics the company is currently navigating.
