Shah Alloys Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Shah Alloys Ltd reported a 21.6% 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 64.1%.
- Its expenses for the quarter were down by 27.1% QoQ and 64.8% YoY.
- The net profit decreased 66.1% QoQ and decreased 91.0% YoY.
- The earnings per share (EPS) of Shah Alloys Ltd declined at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 52.00 | 66.36 | 144.68 | -21.6% | -64.1% |
Total Expenses | 54.55 | 74.80 | 154.94 | -27.1% | -64.8% |
Profit Before Tax | -2.55 | -8.44 | -25.86 | -69.8% | -90.1% |
Tax | -0.63 | -2.03 | -2.64 | -69.0% | -76.1% |
Profit After Tax | -2.16 | -6.38 | -24.11 | -66.1% | -91.0% |
Earnings Per Share | -1.10 | -3.20 | -12.20 | -65.6% | -91.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Shah Alloys Ltd is a company engaged in the production and distribution of various alloy steel products. The company operates within the steel manufacturing industry, offering a range of products that include stainless steel, carbon steel, and other alloyed steel products. These products are used in diverse sectors such as infrastructure, automotive, and general engineering. Shah Alloys Ltd has established itself as a significant player in the steel industry, known for its quality and innovation. There is no specific recent major development mentioned in the provided data.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Shah Alloys Ltd reported a total income of ₹52.00 crores. This represents a decrease of 21.6% from the previous quarter (Q2FY25), where total income was ₹66.36 crores. When compared to the same quarter of the previous fiscal year (Q3FY24), the total income decreased by 64.1% from ₹144.68 crores. The significant reduction in revenue both on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis reflects changes in market conditions or operational factors affecting the company's income stream.
Profitability
In terms of profitability, Shah Alloys Ltd experienced a loss before tax of ₹2.55 crores in Q3FY25. This is an improvement from the previous quarter’s loss of ₹8.44 crores, showing a 69.8% reduction in losses QoQ. Compared to Q3FY24, where the loss before tax was ₹25.86 crores, there is a notable decrease of 90.1% YoY. The tax expense for Q3FY25 was ₹0.63 crores, which decreased by 69.0% QoQ from ₹2.03 crores and by 76.1% YoY from ₹2.64 crores. Consequently, the net loss after tax was ₹2.16 crores, reduced by 66.1% QoQ from ₹6.38 crores and by 91.0% YoY from ₹24.11 crores. Earnings per share in Q3FY25 were reported at -₹1.10, a significant improvement from -₹3.20 in Q2FY25 and from -₹12.20 in Q3FY24.
Operating Metrics
The financial data reveals a trend of decreasing expenses for Shah Alloys Ltd. Total expenses for Q3FY25 amounted to ₹54.55 crores, which is a decrease of 27.1% QoQ from ₹74.80 crores in Q2FY25 and a 64.8% decrease YoY from ₹154.94 crores in Q3FY24. Despite the reduction in income, the company managed to reduce its expenses significantly over both periods. The earnings per share have improved considerably over both quarters and the previous year, indicating changes in the company's financial structure. However, the company continues to operate at a loss, reflecting ongoing challenges in achieving positive profitability.
