Silver Touch Technologies Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Silver Touch Technologies Ltd reported a 0.6% 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 growth of 39.5%.
- Its expenses for the quarter were down by 1.2% QoQ and up 42.1% YoY.
- The net profit increased 19.5% QoQ and increased 12.6% YoY.
- The earnings per share (EPS) of Silver Touch Technologies Ltd stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 74.39 | 74.85 | 53.34 | -0.6% | 39.5% |
Total Expenses | 67.70 | 68.52 | 47.63 | -1.2% | 42.1% |
Profit Before Tax | 6.69 | 6.33 | 5.70 | 5.7% | 17.4% |
Tax | 1.43 | 1.93 | 1.03 | -25.9% | 38.8% |
Profit After Tax | 5.26 | 4.40 | 4.67 | 19.5% | 12.6% |
Earnings Per Share | 4.20 | 3.50 | 3.90 | 20.0% | 7.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Silver Touch Technologies Ltd is a company that operates in the technology sector, offering a range of IT solutions and services. The company specializes in software development, IT consulting, and digital transformation services. Silver Touch Technologies is known for its innovative approach to technology and has been involved in providing solutions that cater to various industries, including finance, healthcare, and education. While specific recent developments are not provided in the given data, companies in this sector often focus on expanding their service offerings and enhancing technology capabilities to meet the dynamic needs of their clients.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Silver Touch Technologies Ltd reported a total income of ₹74.39 crores. This represents a slight decrease of 0.6% compared to the previous quarter (Q2FY25), where the total income was ₹74.85 crores. However, on a year-over-year basis, there has been a significant increase of 39.5% compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹53.34 crores. This substantial growth in total income year-over-year indicates a robust performance in revenue generation over the past year.
Profitability
The company's profit before tax (PBT) for Q3FY25 amounted to ₹6.69 crores, marking an increase of 5.7% from the previous quarter, which recorded a PBT of ₹6.33 crores. Compared to the same quarter in the previous year, there is a year-over-year increase of 17.4%, with the previous year's Q3 PBT at ₹5.70 crores. The tax expense for Q3FY25 stood at ₹1.43 crores, a significant decrease of 25.9% from the previous quarter, but an increase of 38.8% compared to the same quarter last year. Consequently, the profit after tax (PAT) rose to ₹5.26 crores in Q3FY25 from ₹4.40 crores in Q2FY25, reflecting a quarter-over-quarter growth of 19.5% and a year-over-year increase of 12.6% from ₹4.67 crores in Q3FY24. Earnings per Share (EPS) also saw improvements, rising from ₹3.50 in Q2FY25 to ₹4.20 in Q3FY25, and up from ₹3.90 in Q3FY24, representing a 20.0% quarterly and 7.7% annual increase.
Operating Metrics
The total expenses for Silver Touch Technologies Ltd in Q3FY25 were ₹67.70 crores, a reduction of 1.2% compared to Q2FY25, where expenses were ₹68.52 crores. On a year-over-year basis, total expenses increased by 42.1%, up from ₹47.63 crores in Q3FY24. This increase in expenses aligns with the growth in total income and indicates an expansion in operational activities. The efficient management of expenses relative to income growth is reflected in the improvement of profitability metrics, with the profit margins showing resilience despite higher year-over-year expenses. The reduction in tax expense quarter-over-quarter also contributed positively to the net profit margins, enhancing the overall financial health of the company in the current quarter.
