Pioneer Embroideries Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Pioneer Embroideries Ltd reported a 2.2% 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 12.6%.
- Its expenses for the quarter were up by 0.1% QoQ and 9.3% YoY.
- The net profit increased 222.1% QoQ and increased 10850.0% YoY.
- The earnings per share (EPS) of Pioneer Embroideries Ltd stood at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 96.73 | 94.63 | 85.89 | 2.2% | 12.6% |
Total Expenses | 93.79 | 93.66 | 85.84 | 0.1% | 9.3% |
Profit Before Tax | 2.94 | 0.98 | 0.05 | 200.0% | 5780.0% |
Tax | 0.76 | 0.29 | 0.02 | 162.1% | 3700.0% |
Profit After Tax | 2.19 | 0.68 | 0.02 | 222.1% | 10850.0% |
Earnings Per Share | 0.70 | 0.20 | 0.00 | 250.0% | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Pioneer Embroideries Ltd is a company known for its focus on the textile industry, particularly in the niche of embroidery. The company is recognized for its manufacturing and distribution of embroidered products, which include laces and fabrics used in various fashion and home textile applications. As of the latest information available up to October 2023, there have not been any notable major developments reported for the company. Pioneer Embroideries continues to operate within the textile sector, catering primarily to fashion designers, garment manufacturers, and home textile producers.
Revenue
In the third quarter of the fiscal year 2025, Pioneer Embroideries Ltd reported a total income of ₹96.73 crores, reflecting a quarter-over-quarter increase of 2.2% from ₹94.63 crores in Q2FY25. Compared to the same quarter of the previous fiscal year (Q3FY24), the company's total income saw a year-over-year growth of 12.6% from ₹85.89 crores. This steady growth in revenue indicates the company's ability to sustain its market presence and expand its sales over the annual period.
Profitability
Pioneer Embroideries Ltd's profitability metrics show significant improvements in Q3FY25. The company achieved a profit before tax of ₹2.94 crores, marking a substantial quarter-over-quarter growth of 200.0% from ₹0.98 crores in the previous quarter. On a year-over-year basis, the profit before tax surged dramatically from ₹0.05 crores in Q3FY24, representing a growth of 5780.0%. After accounting for tax expenses, the profit after tax for Q3FY25 was ₹2.19 crores, up from ₹0.68 crores in Q2FY25, and a notable increase from just ₹0.02 crores in Q3FY24. The earnings per share also rose to ₹0.70 in Q3FY25 from ₹0.20 in the previous quarter, signifying a 250.0% QoQ increase.
Operating Metrics
The total expenses for Pioneer Embroideries Ltd in Q3FY25 amounted to ₹93.79 crores, showing a minimal quarter-over-quarter increase of 0.1% compared to ₹93.66 crores in Q2FY25. When compared to Q3FY24, total expenses increased by 9.3% from ₹85.84 crores. The relatively stable expense management amidst rising revenues contributes to the improved profitability observed in the latest quarter. Additionally, the tax expenses for Q3FY25 were reported at ₹0.76 crores, an increase from ₹0.29 crores in Q2FY25, reflecting a 162.1% QoQ rise, and a significant increase from ₹0.02 crores in Q3FY24, marking a 3700.0% YoY growth. These metrics highlight the company's operational efficiency and the impact of its financial strategies over the period.
