Himatsingka Seide Ltd's Q3FY25 Quarterly Results

Result Summary

• Himatsingka Seide Ltd reported a 3.2% 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 decline of 0.3%.
• Its expenses for the quarter were up by 3.2% QoQ and 2.4% YoY.
• The net profit increased 0.6% QoQ and decreased 29.9% YoY.
• The earnings per share (EPS) of Himatsingka Seide Ltd stood at 1.7 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

Himatsingka Seide Ltd is a prominent entity in the textile industry, primarily engaged in the manufacturing, retailing, and distribution of silk and silk blended products. The company operates extensively across different segments of the textile value chain, from yarn and fabric production to the finished product. Known for its luxury home textile products, Himatsingka Seide Ltd serves both domestic and international markets. The company has established a robust presence in the industry with a diverse product range that includes bed linen, drapery, and upholstery fabrics. Recent developments around the company are not detailed within the provided data.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Himatsingka Seide Ltd reported a total income of ₹722.89 crores. This marks a 3.2% increase compared to the previous quarter (Q2FY25), where the total income was ₹700.31 crores. However, when compared year-over-year, there is a slight decline of 0.3% from the total income of ₹725.10 crores reported in Q3FY24. The incremental increase in revenue on a quarter-over-quarter basis indicates stability in income generation over the recent quarters.

Profitability

The company reported a profit before tax of ₹26.75 crores in Q3FY25, reflecting a 3.8% increase compared to ₹25.76 crores in Q2FY25. However, this is significantly lower than the ₹45.28 crores reported in the corresponding quarter of the previous fiscal year (Q3FY24), showing a year-over-year decline of 40.9%. The tax expenses for Q3FY25 were ₹4.79 crores, up by 18.3% from the previous quarter's ₹4.05 crores but down by 66.1% from ₹14.12 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹21.84 crores, a marginal 0.6% increase from Q2FY25's ₹21.70 crores. Compared to Q3FY24, this represents a decline of 29.9%, indicating pressure on net profitability on an annual basis.

Operating Metrics

The earnings per share (EPS) for Himatsingka Seide Ltd in Q3FY25 stood at ₹1.70, which is a 19.0% decline from the ₹2.10 reported in Q2FY25, and a 45.2% decrease from ₹3.10 in Q3FY24. This decline in EPS is indicative of the reduced profitability per share over both the quarter and year. The total expenses for Q3FY25 were ₹696.15 crores, reflecting a 3.2% increase from ₹674.56 crores in Q2FY25, and a 2.4% increase from ₹679.82 crores in Q3FY24. The consistent growth in expenses over the quarters and years highlights the challenges in managing operational costs within the company.