Standard Glass Lining Technology Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Standard Glass Lining Technology Ltd reported a 15.0% 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 3.6%.
- Its expenses for the quarter were down by 12.5% QoQ and up 0.4% YoY.
- The net profit decreased 23.9% QoQ and increased 27.5% YoY.
- The earnings per share (EPS) of Standard Glass Lining Technology Ltd stood at 0.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 142.83 | 167.96 | 137.83 | -15.0% | 3.6% |
Total Expenses | 121.26 | 138.61 | 120.81 | -12.5% | 0.4% |
Profit Before Tax | 21.57 | 29.34 | 17.02 | -26.5% | 26.7% |
Tax | 5.68 | 8.44 | 4.55 | -32.7% | 24.8% |
Profit After Tax | 15.90 | 20.90 | 12.47 | -23.9% | 27.5% |
Earnings Per Share | 0.80 | 1.10 | 0.70 | -27.3% | 14.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Standard Glass Lining Technology Ltd is a company known for its production and services related to glass lining technologies. Typically, businesses in this sector are involved in manufacturing glass-lined equipment, which is used in various industries such as pharmaceuticals, chemicals, and food processing. These products are valued for their durability and resistance to corrosion. Recent major developments in the industry may include advancements in manufacturing technologies or shifts in demand due to regulatory changes. However, specific recent developments for Standard Glass Lining Technology Ltd are not available in the provided data.
Revenue
For the third quarter of the fiscal year 2025, Standard Glass Lining Technology Ltd reported a total income of ₹142.83 crores. This represents a quarter-over-quarter decrease of 15.0% compared to ₹167.96 crores in Q2FY25. However, on a year-over-year basis, there was a growth of 3.6% from ₹137.83 crores in Q3FY24. These figures indicate the company's revenue performance over both the previous quarter and the same quarter last year. The variation in revenue over these periods reflects changes in the company's business operations and market conditions.
Profitability
In terms of profitability, Standard Glass Lining Technology Ltd recorded a profit before tax of ₹21.57 crores in Q3FY25, which decreased by 26.5% from ₹29.34 crores in Q2FY25. Nonetheless, the company experienced a year-over-year increase of 26.7% from ₹17.02 crores in Q3FY24. The tax expense for Q3FY25 was ₹5.68 crores, down 32.7% from the previous quarter's ₹8.44 crores, and up by 24.8% from ₹4.55 crores in Q3FY24. The profit after tax stood at ₹15.90 crores, a 23.9% decrease from ₹20.90 crores in the preceding quarter, but a 27.5% increase from ₹12.47 crores in the corresponding quarter of the previous year. Earnings per share for Q3FY25 were ₹0.80, compared to ₹1.10 in Q2FY25 and ₹0.70 in Q3FY24, showing a quarter-over-quarter decline of 27.3% and a year-over-year rise of 14.3%.
Operating Metrics
Operating expenses for Standard Glass Lining Technology Ltd in Q3FY25 were reported at ₹121.26 crores, reflecting a decrease of 12.5% from ₹138.61 crores in Q2FY25. Compared to Q3FY24, where total expenses were ₹120.81 crores, there was a slight increase of 0.4%. These figures suggest movements in the company's cost structure over time. The changes in expenses align with the company's income trends and affect profitability metrics. The financial data highlights the quarterly and annual dynamics in the company's operational expenses, which are crucial for understanding the underlying business performance.
