Siyaram Silk Mills Ltd's Q3FY25 Quarter Results
- 27 Jan 2025
Result Summary
- Siyaram Silk Mills Ltd reported a 6.7% 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 14.1%.
- Its expenses for the quarter were down by 2.5% QoQ and up 15.6% YoY.
- The net profit decreased 33.4% QoQ and increased 2.1% YoY.
- The earnings per share (EPS) of Siyaram Silk Mills Ltd stood at 10 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 586.96 | 629.32 | 514.46 | -6.7% | 14.1% |
Total Expenses | 525.30 | 538.74 | 454.25 | -2.5% | 15.6% |
Profit Before Tax | 61.65 | 90.58 | 60.21 | -31.9% | 2.4% |
Tax | 16.26 | 22.41 | 15.77 | -27.4% | 3.1% |
Profit After Tax | 45.39 | 68.17 | 44.44 | -33.4% | 2.1% |
Earnings Per Share | 10.00 | 15.00 | 9.60 | -33.3% | 4.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Siyaram Silk Mills Ltd is a renowned player in the textile industry, primarily known for its production of fabrics and garments. The company is recognized for its wide range of products, including high-quality suiting and shirting fabrics. Siyaram Silk Mills Ltd operates in the competitive textile sector, which is characterized by rapidly changing fashion trends and consumer preferences. The company has established a strong brand presence and continues to expand its market reach. While specific recent developments were not provided in the data, it is known for consistently innovating to meet the demands of the modern market.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Siyaram Silk Mills Ltd reported a total income of ₹586.96 crores. This represents a decrease of 6.7% compared to the previous quarter (Q2FY25), where the total income stood at ₹629.32 crores. However, when compared year-over-year (YoY) to the same quarter in the previous fiscal year (Q3FY24), the company experienced a growth of 14.1%, with the total income then being ₹514.46 crores. This YoY growth indicates a positive trajectory in revenue generation over the year despite the quarterly decline.
Profitability
The profitability of Siyaram Silk Mills Ltd in Q3FY25 is reflected in its profit before tax (PBT) of ₹61.65 crores and profit after tax (PAT) of ₹45.39 crores. There was a significant quarter-over-quarter (QoQ) decline of 31.9% in PBT from Q2FY25, where it was reported at ₹90.58 crores. Similarly, PAT decreased by 33.4% from the previous quarter's ₹68.17 crores. On a year-over-year basis, the company saw a modest increase in profitability, with a 2.4% rise in PBT from ₹60.21 crores in Q3FY24 and a 2.1% rise in PAT from ₹44.44 crores. Earnings per share (EPS) also followed a similar pattern, decreasing by 33.3% QoQ from ₹15.00 to ₹10.00 but increasing by 4.2% YoY from ₹9.60.
Operating Metrics
The total expenses for Siyaram Silk Mills Ltd in Q3FY25 were ₹525.30 crores, which shows a slight decrease of 2.5% from the previous quarter's total expenses of ₹538.74 crores. This indicates an effort to manage costs more efficiently. Compared to Q3FY24, the total expenses increased by 15.6%, up from ₹454.25 crores, aligning with the increased revenue over the same period. The tax expense for the quarter was ₹16.26 crores, down 27.4% from the previous quarter's ₹22.41 crores, yet up by 3.1% from ₹15.77 crores in Q3FY24. This reflects the company's tax obligations in line with its profit margins.
