Electrosteel Castings Ltd's Q3FY25 Quarterly Results

Result Summary

• Electrosteel Castings Ltd reported a 1.8% 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 4.0%.
• Its expenses for the quarter were down by 2.0% QoQ and up 3.7% YoY.
• The net profit increased 3.2% QoQ and decreased 39.2% YoY.
• The earnings per share (EPS) of Electrosteel Castings Ltd stood at 2.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Electrosteel Castings Ltd is a prominent player in the manufacturing sector, primarily engaged in the production and supply of ductile iron pipes and fittings. The company operates within the broader infrastructure and construction industry, serving essential sectors like water supply and waste management. Electrosteel Castings Ltd has positioned itself as a key supplier to large-scale infrastructure projects, particularly in regions focusing on urban development and modernization. While the specific recent developments for the company are not explicitly provided, companies in this industry often focus on expanding production capabilities and enhancing product quality to maintain competitiveness.

Revenue

In the third quarter of fiscal year 2025, Electrosteel Castings Ltd reported a total income of ₹1815.87 crores. This reflects a sequential decrease of 1.8% from the previous quarter's total income of ₹1848.95 crores. Compared to the third quarter of fiscal year 2024, the company's total income has decreased by 4.0% from ₹1892.16 crores. The decline in revenue both on a quarterly and yearly basis may reflect market conditions, changes in demand, or strategic shifts within the company's operations. The consistent decrease over both periods highlights the necessity to examine underlying market or operational factors that could have contributed to these changes.

Profitability

Electrosteel Castings Ltd's profitability metrics for Q3FY25 reveal a profit before tax of ₹212.75 crores, exhibiting a marginal increase of 0.1% from Q2FY25's profit before tax of ₹212.47 crores. Year-over-year, there is a notable reduction of 38.6% from Q3FY24's profit before tax of ₹346.49 crores. The tax expense for Q3FY25 was ₹52.58 crores, down by 8.2% compared to Q2FY25 and by 36.7% year-over-year. The profit after tax for the same quarter stood at ₹160.17 crores, marking a 3.2% increase from the previous quarter but a 39.2% decrease from the same period last year. The earnings per share for Q3FY25 was ₹2.60, which is a 4.0% increase from Q2FY25 but a 40.9% decrease from Q3FY24.

Operating Metrics

The total expenses for Electrosteel Castings Ltd in Q3FY25 amounted to ₹1603.13 crores, which represents a 2.0% decrease from the previous quarter's expenses of ₹1636.47 crores. However, when compared to Q3FY24, there is a 3.7% increase from ₹1545.67 crores. These figures indicate that despite the reduced expenses from the previous quarter, the company has experienced higher costs compared to the same period last year. The trends in expenses, in relation to revenue and profitability, underscore the importance of efficient cost management and operational strategies in the context of fluctuating income levels. The performance metrics suggest a nuanced understanding of the company's operational efficiency and cost structure during the reported period.