S P Apparels Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- S P Apparels Ltd reported a 8.0% 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 40.9%.
- Its expenses for the quarter were down by 9.9% QoQ and up 40.8% YoY.
- The net profit increased 13.0% QoQ and increased 40.5% YoY.
- The earnings per share (EPS) of S P Apparels Ltd stood at 9.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 362.18 | 393.68 | 257.01 | -8.0% | 40.9% |
Total Expenses | 327.39 | 363.32 | 232.51 | -9.9% | 40.8% |
Profit Before Tax | 34.79 | 30.37 | 24.50 | 14.6% | 42.0% |
Tax | 10.04 | 8.45 | 6.89 | 18.8% | 45.7% |
Profit After Tax | 24.75 | 21.91 | 17.61 | 13.0% | 40.5% |
Earnings Per Share | 9.90 | 8.70 | 7.00 | 13.8% | 41.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
S P Apparels Ltd is a company primarily engaged in the manufacturing of garments, with a focus on knitwear and apparel for various age groups and genders. The company operates within the textile and apparel industry, which is a significant contributor to the economy, especially in regions with a strong tradition of textile production. As of the latest available data, there are no specific recent major developments related to S P Apparels Ltd that can be confirmed from the provided information. The company is known for its expertise in producing high-quality garments and its ability to cater to both domestic and international markets.
Revenue
For the quarter ending in Q3FY25, S P Apparels Ltd reported a total income of ₹362.18 crores. This represents a quarter-over-quarter (QoQ) decrease of 8.0% from ₹393.68 crores in Q2FY25. In contrast, there is a significant year-over-year (YoY) increase of 40.9% compared to the ₹257.01 crores recorded in Q3FY24. The fluctuation in revenue between quarters highlights variability in sales performance, while the annual growth suggests a positive trend over the longer term. The revenue figures indicate the company's ability to expand its top line compared to the previous year, though with some challenges in maintaining momentum in the most recent quarter.
Profitability
The company posted a profit before tax (PBT) of ₹34.79 crores in Q3FY25, showing an improvement of 14.6% QoQ from ₹30.37 crores in Q2FY25, and a 42.0% YoY increase from ₹24.50 crores in Q3FY24. The profit after tax (PAT) for the same period was ₹24.75 crores, which reflects a QoQ growth of 13.0% from ₹21.91 crores and a YoY rise of 40.5% from ₹17.61 crores. The earnings per share (EPS) stood at ₹9.90, growing by 13.8% QoQ from ₹8.70 and by 41.4% YoY from ₹7.00. These figures demonstrate strong profitability growth year-over-year, with improvements also seen on a quarterly basis, indicating efficient cost management and effective pricing strategies during the period under review.
Operating Metrics
Total expenses for Q3FY25 were recorded at ₹327.39 crores, reflecting a reduction of 9.9% QoQ from ₹363.32 crores in Q2FY25, while showing a significant increase of 40.8% YoY from ₹232.51 crores in Q3FY24. The tax expense for Q3FY25 was ₹10.04 crores, up 18.8% QoQ from ₹8.45 crores and 45.7% YoY from ₹6.89 crores. The quarterly decrease in expenses suggests effective cost control measures, which have contributed to the improved profit margins despite the drop in revenue. The year-over-year increase in expenses is aligned with the growth in revenue, indicating scaling operations. However, the exact financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio cannot be computed with the data provided. Nonetheless, the provided metrics reflect the company's financial health and operational efficiency during the reported period.
