Nelcast Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Nelcast Ltd reported a 11.3% 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 8.0%.
- Its expenses for the quarter were down by 10.7% QoQ and 6.5% YoY.
- The net profit decreased 39.1% QoQ and decreased 76.6% YoY.
- The earnings per share (EPS) of Nelcast Ltd stood at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 297.06 | 335.03 | 322.97 | -11.3% | -8.0% |
Total Expenses | 289.04 | 323.84 | 309.09 | -10.7% | -6.5% |
Profit Before Tax | 8.02 | 12.90 | 31.17 | -37.8% | -74.3% |
Tax | 2.05 | 3.09 | 5.64 | -33.7% | -63.7% |
Profit After Tax | 5.98 | 9.82 | 25.53 | -39.1% | -76.6% |
Earnings Per Share | 0.70 | 1.10 | 2.90 | -36.4% | -75.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Nelcast Ltd is a prominent company involved in the manufacturing sector, specifically focusing on the production and supply of castings. It primarily serves the automotive and engineering industries, providing a wide range of products such as ductile iron and grey iron castings. These products are essential components in vehicles, agricultural machinery, and other industrial applications. Nelcast Ltd is known for its emphasis on quality, innovation, and customer satisfaction. While recent major developments are not provided in the current data, Nelcast’s historical focus has been on expanding its product range and enhancing production capabilities to meet increasing market demands.
Revenue
In the third quarter of the fiscal year 2025, Nelcast Ltd reported a total income of ₹297.06 crores. This represents a decrease of 11.3% quarter-over-quarter from Q2FY25, where the total income was ₹335.03 crores. Additionally, on a year-over-year basis, there is an 8.0% decrease from Q3FY24, where the total income amounted to ₹322.97 crores. This data indicates a downward trend in revenue generation over both periods. The reduction in total income over the quarters and the year suggests fluctuations in sales or other income sources for the company.
Profitability
Nelcast Ltd’s profitability in Q3FY25 showed a significant decline. The company recorded a profit before tax of ₹8.02 crores, which is 37.8% lower than the ₹12.90 crores reported in Q2FY25. Compared to the same quarter in the previous fiscal year, the profit before tax decreased by 74.3% from ₹31.17 crores. After accounting for taxes, the profit after tax stood at ₹5.98 crores, reflecting a 39.1% decrease quarter-over-quarter from ₹9.82 crores and a 76.6% decrease year-over-year from ₹25.53 crores. Earnings per share for Q3FY25 were ₹0.70, down from ₹1.10 in Q2FY25 and ₹2.90 in Q3FY24, showing respective declines of 36.4% and 75.9%.
Operating Metrics
Total expenses for Nelcast Ltd in Q3FY25 were ₹289.04 crores, marking a 10.7% decrease from the previous quarter's expenses of ₹323.84 crores and a 6.5% decrease from the ₹309.09 crores recorded in Q3FY24. The tax expense for the quarter was ₹2.05 crores, which decreased by 33.7% from ₹3.09 crores in Q2FY25 and by 63.7% from ₹5.64 crores in Q3FY24. These figures translate into a reduced tax burden coinciding with lower profits. The financial data reflects a challenging period for Nelcast Ltd, with reductions across income, profitability, and some operating expenses metrics. The company’s financial performance in this quarter indicates variability in income and expense management over the compared periods.
