Soma Textiles & Industries Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Soma Textiles & Industries Ltd reported a 79.9% 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 56.1%.
- Its expenses for the quarter were down by 47.0% QoQ and 15.2% YoY.
- The net profit decreased 100.5% QoQ and decreased 140.5% YoY.
- The earnings per share (EPS) of Soma Textiles & Industries Ltd declined at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1.18 | 5.86 | 2.69 | -79.9% | -56.1% |
Total Expenses | 2.63 | 4.96 | 3.10 | -47.0% | -15.2% |
Profit Before Tax | -0.34 | 68.17 | 0.84 | -100.5% | -140.5% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -0.34 | 68.17 | 0.84 | -100.5% | -140.5% |
Earnings Per Share | -0.10 | 20.60 | 0.30 | -100.5% | -133.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Soma Textiles & Industries Ltd is a company that operates within the textile industry. The company is involved in the manufacturing of various textile products, focusing on different types of fabrics and related goods. As a participant in the textile sector, Soma Textiles is subject to market trends and economic conditions that impact production costs, demand for textile products, and competitive pressures. While specific recent developments or strategic initiatives for Soma Textiles & Industries Ltd are not provided, the company continues to navigate the challenges and opportunities within this dynamic industry.
Revenue
In the third quarter of FY25, Soma Textiles & Industries Ltd reported total income of ₹1.18 crores. This represents a significant decline of 79.9% compared to the previous quarter (Q2FY25), where the total income was ₹5.86 crores. On a year-over-year basis, comparing Q3FY25 to Q3FY24, the total income decreased by 56.1%, down from ₹2.69 crores. These figures highlight changes in the revenue generation capabilities of the company over the analyzed periods.
Profitability
The profitability metrics for Soma Textiles & Industries Ltd during Q3FY25 indicate a challenging quarter. The company reported a loss before tax of ₹0.34 crores, a stark contrast to the substantial profit before tax of ₹68.17 crores in Q2FY25. Compared to the same quarter last year (Q3FY24), where a profit before tax of ₹0.84 crores was recorded, there is a significant downturn. The profit after tax figures mirror this trend, with a loss of ₹0.34 crores in Q3FY25, compared to profits of ₹68.17 crores in Q2FY25 and ₹0.84 crores in Q3FY24. Earnings per share also decreased to -₹0.10 in Q3FY25 from ₹20.60 in Q2FY25 and ₹0.30 in Q3FY24, reflecting the overall decline in profitability.
Operating Metrics
The operating metrics of Soma Textiles & Industries Ltd for Q3FY25 show a reduction in total expenses to ₹2.63 crores, down by 47.0% from ₹4.96 crores in Q2FY25. Year-over-year, total expenses decreased by 15.2% from ₹3.10 crores in Q3FY24. These changes in expenses may relate to adjustments in the company's operational strategies or external factors influencing cost structures. The absence of tax expenses remains consistent across all periods analyzed, indicating a potentially recurring element in the company's financial operations. These operating metrics provide insights into the financial management and cost dynamics faced by Soma Textiles & Industries Ltd during the quarter.
