United Drilling Tools Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- United Drilling Tools Ltd reported a 30.4% 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 9.6%.
- Its expenses for the quarter were down by 28.8% QoQ and 10.9% YoY.
- The net profit decreased 36.0% QoQ and increased 9.1% YoY.
- The earnings per share (EPS) of United Drilling Tools Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 34.04 | 48.93 | 37.66 | -30.4% | -9.6% |
Total Expenses | 30.44 | 42.73 | 34.17 | -28.8% | -10.9% |
Profit Before Tax | 3.61 | 6.20 | 3.49 | -41.8% | 3.4% |
Tax | 0.96 | 2.06 | 1.06 | -53.4% | -9.4% |
Profit After Tax | 2.65 | 4.14 | 2.43 | -36.0% | 9.1% |
Earnings Per Share | 1.30 | 2.00 | 1.20 | -35.0% | 8.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
United Drilling Tools Ltd is a company operating in the oilfield equipment and services industry. It specializes in the manufacturing and supply of high-quality drilling, production, and exploration equipment for the oil and gas industry. The company is known for its extensive range of products, including drilling tools, gas lift equipment, and wireline and well service equipment. As of my latest training data in October 2023, there are no specific recent major developments publicly available for United Drilling Tools Ltd.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), United Drilling Tools Ltd reported a total income of ₹34.04 crores. This represents a quarter-over-quarter (QoQ) decrease of 30.4% from the previous quarter (Q2FY25), where the total income was ₹48.93 crores. On a year-over-year (YoY) basis, there was a decline of 9.6% compared to the same quarter in the previous fiscal year (Q3FY24), which reported a total income of ₹37.66 crores. The decrease in revenue both QoQ and YoY highlights a downward trend in the company's total income over these periods.
Profitability
The profitability of United Drilling Tools Ltd in Q3FY25 is reflected in its profit before tax (PBT) and profit after tax (PAT). The PBT for this quarter was ₹3.61 crores, which shows a QoQ decline of 41.8% from ₹6.20 crores in Q2FY25. However, when compared to the same quarter last year (Q3FY24), there is a slight YoY increase of 3.4% from ₹3.49 crores. The PAT for Q3FY25 stood at ₹2.65 crores, marking a QoQ decline of 36.0% from ₹4.14 crores in Q2FY25, but a YoY growth of 9.1% from ₹2.43 crores in Q3FY24. Additionally, the earnings per share (EPS) for Q3FY25 was ₹1.30, showing a QoQ decrease of 35.0% from ₹2.00 and a YoY increase of 8.3% from ₹1.20.
Operating Metrics
The company reported total expenses of ₹30.44 crores in Q3FY25, which decreased by 28.8% QoQ from ₹42.73 crores in Q2FY25 and by 10.9% YoY from ₹34.17 crores in Q3FY24. The tax expense for Q3FY25 was ₹0.96 crores, showing a significant QoQ reduction of 53.4% from ₹2.06 crores in Q2FY25 and a 9.4% YoY decrease from ₹1.06 crores in Q3FY24. These changes in operating expenses and tax outflows reflect the company's cost management and tax liabilities during the fiscal periods in question.
