Visaka Industries Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Visaka Industries Ltd reported a 13.8% 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 2.1%.
- Its expenses for the quarter were up by 10.7% QoQ and 3.5% YoY.
- The net profit decreased 33.7% QoQ and increased 53.4% YoY.
- The earnings per share (EPS) of Visaka Industries Ltd declined at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 353.18 | 310.23 | 345.96 | 13.8% | 2.1% |
Total Expenses | 367.43 | 332.02 | 354.92 | 10.7% | 3.5% |
Profit Before Tax | -14.25 | -21.79 | -8.97 | -34.6% | 58.9% |
Tax | -3.27 | -5.23 | -1.81 | -37.5% | 80.7% |
Profit After Tax | -10.98 | -16.56 | -7.16 | -33.7% | 53.4% |
Earnings Per Share | -1.30 | -1.90 | -0.80 | -31.6% | 62.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Visaka Industries Ltd is a company involved primarily in the manufacturing sector, with key operations in producing building materials and textiles, particularly cement asbestos products and synthetic yarn. The company has established itself in the industry with a diversified portfolio that includes sustainable alternatives like eco-friendly boards and panels, which cater to both domestic and international markets. However, specific information on any recent major developments or strategic initiatives undertaken by the company is not available at this time.
Revenue
Visaka Industries Ltd reported a total income of ₹353.18 crores for Q3FY25, showing a notable increase from ₹310.23 crores in Q2FY25. This represents a quarter-over-quarter (QoQ) growth of 13.8%. When compared to the same quarter in the previous financial year (Q3FY24), where the total income was ₹345.96 crores, there is a year-over-year (YoY) increase of 2.1%. This growth in revenue indicates a positive trajectory in the company's ability to generate income over the past year despite market conditions or other operational factors.
Profitability
In terms of profitability, Visaka Industries Ltd experienced a loss before tax of ₹14.25 crores in Q3FY25, which is an improvement from the loss of ₹21.79 crores reported in Q2FY25, reflecting a 34.6% reduction in losses QoQ. Comparatively, the loss before tax in Q3FY24 was ₹8.97 crores, marking a 58.9% YoY increase in losses. The tax component also decreased from ₹5.23 crores in Q2FY25 to ₹3.27 crores in Q3FY25. Profit after tax for Q3FY25 was a negative ₹10.98 crores, improving from a negative ₹16.56 crores in Q2FY25, which translates to a 33.7% improvement QoQ. Compared to Q3FY24’s negative ₹7.16 crores, there was a 53.4% YoY increase in losses. Earnings per share for Q3FY25 stood at negative ₹1.30, better than the negative ₹1.90 in Q2FY25, but worse than the negative ₹0.80 in Q3FY24.
Operating Metrics
The total expenses for Visaka Industries Ltd in Q3FY25 amounted to ₹367.43 crores, up from ₹332.02 crores in Q2FY25, showing a 10.7% increase QoQ. Compared to Q3FY24, where expenses were ₹354.92 crores, there is a YoY increase of 3.5%. These figures illustrate the company's escalating operational costs over both periods. Despite the increase in total income, the expenses have also risen, affecting the overall profitability. The company’s financial performance metrics, including the earnings per share and profit margins, reflect the ongoing challenges in managing costs relative to revenue generation.
