Panama Petrochem Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Panama Petrochem Ltd reported a 4.3% 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 growth of 42.4%.
- Its expenses for the quarter were up by 3.7% QoQ and 45.6% YoY.
- The net profit increased 10.0% QoQ and increased 17.3% YoY.
- The earnings per share (EPS) of Panama Petrochem Ltd stood at 8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 731.81 | 701.61 | 514.09 | 4.3% | 42.4% |
Total Expenses | 672.84 | 649.06 | 462.27 | 3.7% | 45.6% |
Profit Before Tax | 58.97 | 52.55 | 51.82 | 12.2% | 13.8% |
Tax | 10.47 | 8.46 | 10.46 | 23.8% | 0.1% |
Profit After Tax | 48.50 | 44.09 | 41.36 | 10.0% | 17.3% |
Earnings Per Share | 8.00 | 7.30 | 6.80 | 9.6% | 17.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Panama Petrochem Ltd is a company involved primarily in the petrochemical industry, which engages in the manufacturing and distribution of a variety of petrochemical products. These typically include oils, greases, waxes, and other specialty chemicals used in multiple sectors such as automotive, industrial, and consumer goods. As of the latest available data, no specific recent developments have been noted, but the company operates within a competitive and dynamic industry characterized by fluctuations in raw material prices, regulatory changes, and evolving environmental standards.
Revenue
For the third quarter of the fiscal year 2025, Panama Petrochem Ltd reported a total income of ₹731.81 crores. This represents a quarter-over-quarter increase of 4.3% compared to the previous quarter's income of ₹701.61 crores. Year-over-year, the total income saw a significant increase of 42.4%, up from ₹514.09 crores in the third quarter of the fiscal year 2024. This substantial growth in revenues highlights the company's capacity to enhance its sales performance over both the short and long term.
Profitability
The company's profitability metrics for Q3FY25 indicate a profit before tax of ₹58.97 crores, marking a 12.2% increase from the previous quarter's ₹52.55 crores. On a year-over-year basis, profit before tax grew by 13.8% from ₹51.82 crores. After accounting for taxes, the profit after tax for Q3FY25 stood at ₹48.50 crores, reflecting a quarter-over-quarter growth of 10.0% and a year-over-year increase of 17.3%. Earnings per share (EPS) for this period were ₹8.00, up from ₹7.30 in the previous quarter and ₹6.80 in the corresponding quarter of the previous fiscal year, showing increases of 9.6% QoQ and 17.6% YoY, respectively.
Operating Metrics
Total expenses for Panama Petrochem Ltd in Q3FY25 were ₹672.84 crores, increasing by 3.7% from the previous quarter's expenses of ₹649.06 crores. On a year-over-year basis, total expenses rose by 45.6% from ₹462.27 crores in Q3FY24. The tax expenses for the current quarter amounted to ₹10.47 crores, up by 23.8% from ₹8.46 crores in the previous quarter, and marginally higher than the ₹10.46 crores reported in the same quarter last year, reflecting a 0.1% YoY increase. These metrics highlight the changes in the company's cost structure and tax obligations over the analyzed periods.
