Thirumalai Chemicals Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Thirumalai Chemicals Ltd reported a 16.4% 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 10.0%.
- Its expenses for the quarter were down by 5.4% QoQ and 5.4% YoY.
- The net profit decreased 959.3% QoQ and increased 82.9% YoY.
- The earnings per share (EPS) of Thirumalai Chemicals Ltd declined at 4.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 446.85 | 534.46 | 496.34 | -16.4% | -10.0% |
Total Expenses | 496.76 | 525.30 | 524.97 | -5.4% | -5.4% |
Profit Before Tax | -49.91 | 9.16 | -28.63 | -644.9% | 74.3% |
Tax | -7.89 | 4.27 | -5.66 | -284.8% | 39.4% |
Profit After Tax | -42.02 | 4.89 | -22.97 | -959.3% | 82.9% |
Earnings Per Share | -4.10 | 0.50 | -2.20 | -920.0% | 86.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Thirumalai Chemicals Ltd is a company engaged in the chemical industry, focusing primarily on the production of a variety of chemicals used across different sectors. While specific recent developments for the company are not provided within the available data, companies in the chemical industry typically deal with products such as phthalic anhydride, maleic anhydride, and other derivatives used in the production of resins, paints, and plasticizers. The industry is often influenced by factors such as raw material costs, regulatory changes, and market demand fluctuations. Thirumalai Chemicals Ltd operates within this context, potentially impacting its financial performance in the given period.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Thirumalai Chemicals Ltd reported a total income of ₹446.85 crores. This represents a decrease of 16.4% from the previous quarter (Q2FY25), where the total income was ₹534.46 crores. Comparing year-over-year performance, the total income in Q3FY25 decreased by 10.0% from ₹496.34 crores in Q3FY24. Such changes in revenue can reflect various factors such as market demand, pricing strategy, or external economic conditions affecting the chemical industry. The decline in total income both sequentially and annually highlights a significant shift in the company's revenue generation during this period.
Profitability
Thirumalai Chemicals Ltd experienced a notable decline in profitability during Q3FY25. The company reported a loss before tax of ₹49.91 crores, which contrasts sharply with a small profit before tax of ₹9.16 crores in Q2FY25. When comparing the year-over-year figures, the loss before tax in Q3FY25 was larger than the loss of ₹28.63 crores in Q3FY24. The tax component also shifted from a tax expense of ₹4.27 crores in Q2FY25 to a tax credit of ₹7.89 crores in Q3FY25. This resulted in a loss after tax of ₹42.02 crores in Q3FY25, compared to a profit of ₹4.89 crores in Q2FY25 and a loss of ₹22.97 crores in Q3FY24. The earnings per share (EPS) followed a similar trend, decreasing from ₹0.50 in Q2FY25 to a negative ₹4.10 in Q3FY25, compared to a negative ₹2.20 in Q3FY24.
Operating Metrics
The financial performance of Thirumalai Chemicals Ltd in Q3FY25 reflects a decrease in total expenses, which amounted to ₹496.76 crores, down from ₹525.30 crores in Q2FY25 and ₹524.97 crores in Q3FY24. The reduction in expenses by 5.4% quarter-over-quarter and year-over-year could indicate cost management efforts or a response to reduced revenue. Despite the decrease in expenses, the decline in revenue led to a significant impact on profitability. The sharp decline in profit margins, both before and after tax, highlights the challenges faced in maintaining operational efficiency and financial health during this period. The company's financial ratios, such as the profit margin and earnings per share, were adversely affected, reflecting the broader challenges in the operational metrics.
