Swelect Energy Systems Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Swelect Energy Systems Ltd reported a 52.2% 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 40.6%.
- Its expenses for the quarter were down by 49.8% QoQ and up 56.7% YoY.
- The net profit decreased 217.7% QoQ and decreased 228.7% YoY.
- The earnings per share (EPS) of Swelect Energy Systems Ltd declined at 7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 100.32 | 209.72 | 71.36 | -52.2% | 40.6% |
Total Expenses | 97.32 | 193.98 | 62.09 | -49.8% | 56.7% |
Profit Before Tax | 3.00 | 15.74 | 9.26 | -80.9% | -67.6% |
Tax | 13.58 | 6.75 | 0.17 | 101.2% | 7888.2% |
Profit After Tax | -10.58 | 8.99 | 8.22 | -217.7% | -228.7% |
Earnings Per Share | -7.00 | 5.90 | 6.00 | -218.6% | -216.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Swelect Energy Systems Ltd operates within the renewable energy sector, focusing primarily on the manufacture and sale of solar photovoltaic modules and systems. The company engages in the production and sale of solar energy equipment, power generation through solar installations, and offers related services. As a significant player in the solar energy industry, Swelect Energy Systems Ltd has been involved in various projects related to solar energy solutions both domestically and internationally. However, specific details about recent major developments or strategic initiatives were not available in the provided data.
Revenue
For Q3FY25, Swelect Energy Systems Ltd reported a total income of ₹100.32 crores, reflecting a significant decrease of 52.2% compared to the previous quarter (Q2FY25), where total income was ₹209.72 crores. On a year-over-year basis, there was an increase of 40.6% compared to Q3FY24, where the total income stood at ₹71.36 crores. This indicates a notable growth in revenue when compared to the same quarter of the previous year, despite the quarter-on-quarter decline. The fluctuations in revenue could be attributed to several factors, such as changes in sales volume, pricing, or market conditions, although specific reasons are not detailed in the data provided.
Profitability
The profitability of Swelect Energy Systems Ltd in Q3FY25 has been significantly impacted, with a reported loss after tax of ₹10.58 crores. This is a sharp decline from the profit after tax of ₹8.99 crores recorded in Q2FY25 and ₹8.22 crores in Q3FY24. The quarter-on-quarter change in profit after tax is a decrease of 217.7%, while the year-over-year change shows a decrease of 228.7%. The tax expense for Q3FY25 was ₹13.58 crores, which is notably higher than previous quarters, impacting the net profitability. Earnings per share also reflected this decline, reported at -₹7.00 for Q3FY25, compared to ₹5.90 in Q2FY25 and ₹6.00 in Q3FY24.
Operating Metrics
Analyzing the operating metrics, the total expenses for Q3FY25 amounted to ₹97.32 crores, which is a reduction of 49.8% from ₹193.98 crores in Q2FY25. However, there was an increase of 56.7% year-over-year compared to Q3FY24, where expenses were ₹62.09 crores. This suggests significant variability in operational expenditures, which could be due to changes in production costs, operational efficiency, or other factors. The profit before tax was ₹3.00 crores in Q3FY25, showing a decrease of 80.9% from Q2FY25 and a decrease of 67.6% compared to Q3FY24. The increase in tax expense and subsequent reduction in profit margins play a crucial role in understanding the operational dynamics of the company for this quarter. The data does not provide specific insights into the causes of these changes, such as shifts in operational strategy or external market conditions.
