Indo Rama Synthetics (India) Ltd's Q3FY25 Quarterly Results
- 08 Feb 2025
Result Summary
- Indo Rama Synthetics (India) Ltd reported a 22.5% 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 growth of 23.7%.
- Its expenses for the quarter were up by 15.8% QoQ and 10.7% YoY.
- The net profit decreased 130.8% QoQ and decreased 113.7% YoY.
- The earnings per share (EPS) of Indo Rama Synthetics (India) Ltd stood at 0.5 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 1168.10 | 953.23 | 944.36 | 22.5% | 23.7% |
Total Expenses | 1154.51 | 997.31 | 1043.37 | 15.8% | 10.7% |
Profit Before Tax | 13.59 | -44.08 | -99.01 | -130.8% | -113.7% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | 13.59 | -44.08 | -99.01 | -130.8% | -113.7% |
Earnings Per Share | 0.50 | -1.70 | -3.80 | -129.4% | -113.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indo Rama Synthetics (India) Ltd is a prominent player in the textile industry, primarily engaged in the production of polyester products. The company manufactures a wide range of polyester products, including polyester staple fiber, filament yarn, and polyester chips. Known for its strong manufacturing capabilities, Indo Rama Synthetics has established itself as a significant supplier within the polyester segment in India. As of the latest available data, there are no specific recent major developments provided, and therefore, any further company-specific updates are not available.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Indo Rama Synthetics reported a total income of ₹1168.10 crores. This marks a notable increase compared to the preceding quarter, Q2FY25, where the total income stood at ₹953.23 crores, reflecting a quarter-over-quarter (QoQ) growth of 22.5%. Furthermore, when comparing this to the same quarter in the previous year (Q3FY24), the total income was ₹944.36 crores. This indicates a year-over-year (YoY) increase of 23.7%. These figures highlight a significant upward trajectory in revenue generation over both the quarterly and yearly periods.
Profitability
The financial results for Q3FY25 show that Indo Rama Synthetics achieved a profit before tax of ₹13.59 crores. This is a substantial improvement from Q2FY25, where the company faced a loss before tax of ₹44.08 crores. Similarly, in Q3FY24, the company recorded a loss before tax amounting to ₹99.01 crores. The profit after tax for Q3FY25 matches the profit before tax figure at ₹13.59 crores, as there were no tax expenses reported. This represents a remarkable turnaround in profitability on both a QoQ and YoY basis, with improvements of 130.8% and 113.7%, respectively.
Operating Metrics
In terms of earnings per share (EPS), Indo Rama Synthetics witnessed a positive change in Q3FY25, with an EPS of ₹0.50. This contrasts sharply with the previous quarter (Q2FY25) and the same quarter last year (Q3FY24), where the EPS was negative at ₹-1.70 and ₹-3.80, respectively. The QoQ change in EPS is 129.4%, and the YoY change is 113.2%, indicating significant gains in shareholder value during this period. The absence of tax expenses in the reported quarters further simplifies the financial performance evaluation, allowing a direct comparison of pre-tax and post-tax profitability.