Sunflag Iron & Steel Company Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Sunflag Iron & Steel Company Ltd reported a 2.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 4.6%.
- Its expenses for the quarter were up by 1.3% QoQ and 2.5% YoY.
- The net profit increased 22.9% QoQ and increased 39.4% YoY.
- The earnings per share (EPS) of Sunflag Iron & Steel Company Ltd stood at 2.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 894.76 | 874.04 | 855.05 | 2.4% | 4.6% |
Total Expenses | 828.88 | 818.40 | 808.45 | 1.3% | 2.5% |
Profit Before Tax | 65.88 | 55.64 | 46.60 | 18.4% | 41.4% |
Tax | 15.43 | 14.67 | 10.70 | 5.2% | 44.2% |
Profit After Tax | 50.14 | 40.80 | 35.96 | 22.9% | 39.4% |
Earnings Per Share | 2.80 | 2.30 | 2.00 | 21.7% | 40.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sunflag Iron & Steel Company Ltd is a prominent entity in the steel industry, primarily involved in the manufacturing and sale of high-quality steel products. The company is known for its wide range of steel offerings, including rolled steel products and specialty steel used in various applications across construction, automotive, and engineering sectors. As a well-established player in the iron and steel manufacturing space, Sunflag Iron & Steel Company Ltd has continuously focused on enhancing its production capabilities and maintaining high standards of quality to meet the varied demands of its clientele. However, specific recent major developments for the company are not available in the provided data, and therefore, this report will focus solely on the financial metrics provided.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Sunflag Iron & Steel Company Ltd reported a total income of ₹894.76 crores. This represents an increase of 2.4% compared to the previous quarter (Q2FY25) where the total income was ₹874.04 crores. On a year-over-year basis, total income grew by 4.6% from ₹855.05 crores in Q3FY24. These figures indicate a steady growth in revenue over both the quarterly and annual periods. This consistent increase in revenue reflects the company's ability to maintain and potentially expand its market presence over the reported periods.
Profitability
The profit before tax (PBT) for Q3FY25 was ₹65.88 crores, which shows a significant quarter-over-quarter increase of 18.4% from ₹55.64 crores in Q2FY25. Year-over-year, the PBT rose by 41.4% from ₹46.60 crores in Q3FY24. The company's tax expenses for Q3FY25 amounted to ₹15.43 crores, slightly increasing by 5.2% from the previous quarter and by 44.2% year-over-year. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹50.14 crores, marking a 22.9% rise from ₹40.80 crores in Q2FY25 and a 39.4% increase from ₹35.96 crores in Q3FY24. The earnings per share (EPS) followed a similar upward trend, reaching ₹2.80 in Q3FY25, compared to ₹2.30 in Q2FY25 and ₹2.00 in Q3FY24, which translates to growth rates of 21.7% QoQ and 40.0% YoY, respectively.
Operating Metrics
Sunflag Iron & Steel Company Ltd's total expenses for Q3FY25 were reported at ₹828.88 crores, reflecting a modest increase of 1.3% from the previous quarter's ₹818.40 crores and a 2.5% rise from ₹808.45 crores in Q3FY24. The relatively lower growth rate in expenses compared to income growth indicates an efficient cost management approach. The growth in expenses is significantly lower than the growth in both income and profit, which has a positive impact on the company's profitability. Additionally, the improvement in earnings per share aligns closely with the growth in profit after tax, providing a consistent view of the company's performance across different financial measures.
