Punjab Chemicals & Crop Protection Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Punjab Chemicals & Crop Protection Ltd reported a 12.2% 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 decline of 0.6%.
- Its expenses for the quarter were down by 9.5% QoQ and up 2.7% YoY.
- The net profit decreased 50.9% QoQ and decreased 45.8% YoY.
- The earnings per share (EPS) of Punjab Chemicals & Crop Protection Ltd stood at 5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 214.07 | 243.82 | 215.46 | -12.2% | -0.6% |
Total Expenses | 205.60 | 227.25 | 200.13 | -9.5% | 2.7% |
Profit Before Tax | 8.47 | 16.57 | 15.33 | -48.9% | -44.7% |
Tax | 2.40 | 4.20 | 4.13 | -42.9% | -41.9% |
Profit After Tax | 6.07 | 12.37 | 11.20 | -50.9% | -45.8% |
Earnings Per Share | 5.00 | 10.10 | 9.10 | -50.5% | -45.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Punjab Chemicals & Crop Protection Ltd is a prominent player in the chemical industry, primarily focusing on the production and distribution of agrochemicals and intermediates. The company operates in the crop protection segment, offering a range of products that include herbicides, fungicides, insecticides, and other related chemical products. These products are crucial for enhancing agricultural productivity and managing crop health. While specific recent developments about the company are not provided, Punjab Chemicals & Crop Protection Ltd is known for its focus on innovation and expansion in its product offerings to cater to the growing agricultural needs.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Punjab Chemicals & Crop Protection Ltd reported a total income of ₹214.07 crores. This represents a decrease from the previous quarter (Q2FY25), where total income was ₹243.82 crores, marking a quarter-over-quarter (QoQ) decline of 12.2%. Comparatively, the total income in the same quarter of the previous year (Q3FY24) was ₹215.46 crores, resulting in a slight year-over-year (YoY) decline of 0.6%. These figures indicate a contraction in revenue both sequentially and annually.
Profitability
For Q3FY25, the company reported a profit before tax of ₹8.47 crores, which shows a significant reduction from ₹16.57 crores in Q2FY25, reflecting a 48.9% QoQ decline. Compared to Q3FY24, where the profit before tax was ₹15.33 crores, there is a notable YoY decrease of 44.7%. After accounting for taxes, the profit after tax was ₹6.07 crores in Q3FY25, down from ₹12.37 crores in Q2FY25, and from ₹11.20 crores in Q3FY24, indicating a decline of 50.9% QoQ and 45.8% YoY. The company's earnings per share (EPS) followed a similar trend, decreasing from ₹10.10 in Q2FY25 to ₹5.00 in Q3FY25, and from ₹9.10 in Q3FY24, representing a drop of 50.5% QoQ and 45.1% YoY.
Operating Metrics
The total expenses for Punjab Chemicals & Crop Protection Ltd in Q3FY25 were ₹205.60 crores, down from ₹227.25 crores in Q2FY25, resulting in a 9.5% QoQ reduction. Compared to the same quarter in the previous year (Q3FY24), where expenses were ₹200.13 crores, there is a 2.7% YoY increase. The reduction in expenses from Q2FY25 to Q3FY25 did not offset the decline in total income, leading to a decrease in profitability. The tax expenditure also decreased from ₹4.20 crores in Q2FY25 to ₹2.40 crores in Q3FY25, and from ₹4.13 crores in Q3FY24, marking a 42.9% QoQ and 41.9% YoY reduction. Despite the lower tax burden, the decline in revenue and profitability were significant.
