Western India Plywoods Ltd's Q3FY25 Quarter Results
- 17 Feb 2025
Result Summary
- Western India Plywoods Ltd reported a 0.2% 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 decline of 2.2%.
- Its expenses for the quarter were up by 0.2% QoQ and 2.5% YoY.
- The net profit decreased 12.0% QoQ and decreased 54.2% YoY.
- The earnings per share (EPS) of Western India Plywoods Ltd stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 31.16 | 31.22 | 31.85 | -0.2% | -2.2% |
Total Expenses | 29.85 | 29.80 | 29.11 | 0.2% | 2.5% |
Profit Before Tax | 1.31 | 1.42 | 2.74 | -7.7% | -52.2% |
Tax | 0.43 | 0.42 | 0.82 | 2.4% | -47.6% |
Profit After Tax | 0.88 | 1.00 | 1.92 | -12.0% | -54.2% |
Earnings Per Share | 1.10 | 1.10 | 2.30 | 0.0% | -52.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Western India Plywoods Ltd is a company engaged in the manufacturing sector, primarily focusing on producing plywood and other wood-based products. The company operates in the wood industry, which includes the production of various forms of plywood, veneers, and other related products. Western India Plywoods Ltd is known for its diverse product range and has been a significant player in the plywood industry in India. As of now, there is no specific information available about any recent major developments pertaining to the company.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Western India Plywoods Ltd reported total income of ₹31.16 crores. This represents a slight decrease of 0.2% from the previous quarter (Q2FY25), where the total income was ₹31.22 crores. On a year-over-year basis, there was a 2.2% decline in total income compared to the third quarter of the fiscal year 2024 (Q3FY24), where income amounted to ₹31.85 crores. The revenues show a downward trend both sequentially and annually, indicating changes in the market or operational strategies.
Profitability
In terms of profitability, Western India Plywoods Ltd recorded a profit before tax of ₹1.31 crores in Q3FY25, which shows a decrease of 7.7% quarter-over-quarter from ₹1.42 crores in Q2FY25. Year-over-year, the profit before tax declined significantly by 52.2% from ₹2.74 crores in Q3FY24. The profit after tax for Q3FY25 was ₹0.88 crores, marking a 12.0% decrease from the previous quarter and a 54.2% drop from the same quarter in the previous year. The earnings per share remained constant at ₹1.10 compared to the previous quarter but decreased by 52.2% year-over-year.
Operating Metrics
The company's total expenses for Q3FY25 were ₹29.85 crores, a marginal increase of 0.2% from the previous quarter's expenses of ₹29.80 crores. However, when compared to Q3FY24, there was a 2.5% increase in expenses from ₹29.11 crores. The tax expenses in Q3FY25 amounted to ₹0.43 crores, showing a slight increase of 2.4% quarter-over-quarter and a decrease of 47.6% year-over-year. The operating metrics reflect an increase in expenses over the year, which, coupled with the revenue figures, provides insight into the company’s current operational dynamics.
