Vraj Iron & Steel Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Vraj Iron & Steel Ltd reported a 36.3% 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 47.8%.
- Its expenses for the quarter were up by 46.2% QoQ and 53.6% YoY.
- The net profit decreased 19.9% QoQ and decreased 3.7% YoY.
- The earnings per share (EPS) of Vraj Iron & Steel Ltd stood at 2.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 120.97 | 88.74 | 81.87 | 36.3% | 47.8% |
Total Expenses | 110.64 | 75.70 | 72.05 | 46.2% | 53.6% |
Profit Before Tax | 10.33 | 13.04 | 9.82 | -20.8% | 5.2% |
Tax | 2.83 | 3.38 | 2.56 | -16.3% | 10.5% |
Profit After Tax | 8.24 | 10.29 | 8.56 | -19.9% | -3.7% |
Earnings Per Share | 2.70 | 3.60 | 3.50 | -25.0% | -22.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Vraj Iron & Steel Ltd is a company operating within the iron and steel industry, which is a vital sector in the manufacturing and infrastructure landscape. The company is likely involved in the production, processing, and distribution of iron and steel products, although specific details about its product line or services are not provided. There are no recent major developments or strategic changes mentioned in the available data. As a participant in an industry that is crucial for construction, automotive, and various manufacturing activities, the company's performance might be influenced by macroeconomic factors such as demand for steel, raw material costs, and industry regulations. However, detailed information specific to Vraj Iron & Steel Ltd's market positioning or recent initiatives is not provided.
Revenue
In Q3FY25, Vraj Iron & Steel Ltd reported a total income of ₹120.97 crores, which marked a significant increase from the ₹88.74 crores recorded in Q2FY25, reflecting a quarter-over-quarter (QoQ) growth of 36.3%. Compared to the same quarter in the previous year, Q3FY24, the total income increased from ₹81.87 crores, indicating a year-over-year (YoY) growth of 47.8%. This data suggests an upward trend in revenue generation over both the quarterly and annual periods, pointing to increased sales or higher pricing strategies.
Profitability
The profitability metrics for Vraj Iron & Steel Ltd in Q3FY25 show a mixed performance. The company achieved a profit before tax (PBT) of ₹10.33 crores, down from ₹13.04 crores in Q2FY25, representing a QoQ decline of 20.8%. However, when compared to Q3FY24, where the PBT was ₹9.82 crores, there is a YoY improvement of 5.2%. The tax expense for Q3FY25 amounted to ₹2.83 crores, which is lower than the ₹3.38 crores paid in Q2FY25, resulting in a QoQ decrease of 16.3% and a YoY increase of 10.5% when compared to the tax of ₹2.56 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 stood at ₹8.24 crores, decreasing by 19.9% QoQ from ₹10.29 crores in Q2FY25, and a slight YoY decrease of 3.7% compared to ₹8.56 crores in Q3FY24. Earnings per share (EPS) also fell to ₹2.70 in Q3FY25 from ₹3.60 in the previous quarter, a decline of 25.0%, and from ₹3.50 in Q3FY24, indicating a YoY decrease of 22.9%.
Operating Metrics
The operating metrics for Vraj Iron & Steel Ltd, as captured by the total expenses, show a rise in costs associated with operations. Total expenses for Q3FY25 were ₹110.64 crores, an increase from ₹75.70 crores in Q2FY25, reflecting a QoQ growth of 46.2%. When compared to Q3FY24, where the expenses were ₹72.05 crores, there is an increase of 53.6% YoY. This substantial rise in expenses over both periods suggests an increase in operational costs, which could include higher raw material costs, labor expenses, or other overheads. Despite the increase in total income, the higher expenses have impacted profitability, as evidenced by the decline in profit margins and EPS. No additional details on specific operating metrics or financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio are available in the provided data.
