Indigo Paints Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Indigo Paints Ltd reported a 13.5% 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 3.1%.
- Its expenses for the quarter were up by 9.7% QoQ and down 2.0% YoY.
- The net profit increased 61.1% QoQ and decreased 4.5% YoY.
- The earnings per share (EPS) of Indigo Paints Ltd stood at 7.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 345.76 | 304.65 | 356.83 | 13.5% | -3.1% |
Total Expenses | 300.71 | 274.10 | 306.76 | 9.7% | -2.0% |
Profit Before Tax | 45.05 | 30.55 | 50.07 | 47.5% | -10.0% |
Tax | 9.20 | 8.30 | 12.52 | 10.8% | -26.5% |
Profit After Tax | 35.85 | 22.26 | 37.55 | 61.1% | -4.5% |
Earnings Per Share | 7.50 | 4.70 | 7.80 | 59.6% | -3.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indigo Paints Ltd is a prominent company in the paint and coatings industry, primarily involved in the manufacturing and distribution of decorative paints. The company is recognized for its innovative products and has a strong presence in the Indian market. Indigo Paints has been focusing on expanding its product line and enhancing its distribution network to capture a larger market share. While specific recent major developments for the company are not provided in the data, the company's strategy typically involves increasing brand visibility and launching new products to cater to diverse customer needs.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Indigo Paints Ltd reported a total income of ₹345.76 crores. This represents a quarter-over-quarter (QoQ) growth of 13.5% compared to the previous quarter (Q2FY25), where the total income was ₹304.65 crores. However, when compared year-over-year (YoY) to the same quarter in the previous fiscal year (Q3FY24), the total income showed a decrease of 3.1%, down from ₹356.83 crores. This fluctuation highlights the dynamic nature of the company's revenue generation over the period under review.
Profitability
The company's profitability metrics for Q3FY25 indicate a Profit Before Tax (PBT) of ₹45.05 crores, which marks a significant 47.5% increase on a QoQ basis from ₹30.55 crores in Q2FY25. However, on a YoY comparison with Q3FY24, where the PBT was ₹50.07 crores, there is a decline of 10%. The Profit After Tax (PAT) for Q3FY25 was ₹35.85 crores, reflecting a robust QoQ growth of 61.1% from ₹22.26 crores in Q2FY25, but a YoY decrease of 4.5% compared to ₹37.55 crores in Q3FY24. The company's Earnings Per Share (EPS) for Q3FY25 stood at ₹7.50, which increased by 59.6% QoQ from ₹4.70 but decreased by 3.8% YoY from ₹7.80.
Operating Metrics
Indigo Paints Ltd's total expenses for Q3FY25 were recorded at ₹300.71 crores, showing a 9.7% rise QoQ from ₹274.10 crores in Q2FY25, but a slight YoY reduction of 2% from ₹306.76 crores in Q3FY24. The tax expense for Q3FY25 reached ₹9.20 crores, showing a QoQ increase of 10.8% from ₹8.30 crores in the previous quarter, and a notable YoY decrease of 26.5% from ₹12.52 crores in the corresponding quarter of the previous year. These figures depict the company's cost management and tax liabilities over the analyzed periods.
