Kanoria Chemicals & Industries Ltd's Q3FY25 Quarterly Results
- 14 Feb 2025
Result Summary
- Kanoria Chemicals & Industries Ltd reported a 8.0% 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 0.7%.
- Its expenses for the quarter were down by 3.3% QoQ and up 3.0% YoY.
- The net profit increased 73.7% QoQ and increased 88.0% YoY.
- The earnings per share (EPS) of Kanoria Chemicals & Industries Ltd declined at 3.8 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 348.23 | 378.45 | 350.55 | -8.0% | -0.7% |
Total Expenses | 375.15 | 387.83 | 364.17 | -3.3% | 3.0% |
Profit Before Tax | -26.92 | -9.38 | -13.62 | 187.0% | 97.7% |
Tax | 1.71 | 7.10 | 1.61 | -75.9% | 6.2% |
Profit After Tax | -28.63 | -16.48 | -15.23 | 73.7% | 88.0% |
Earnings Per Share | -3.80 | -3.20 | -1.90 | 18.7% | 100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kanoria Chemicals & Industries Ltd is a diversified company primarily engaged in the manufacturing and sale of industrial chemicals. It operates within the chemical industry, providing essential raw materials for various sectors, including textiles, pharmaceuticals, and agrochemicals. The company is known for its production of basic chemicals such as formaldehyde, acetic acid, and other allied products. Recent major developments specific to Kanoria Chemicals & Industries Ltd are not available in the provided data. The company continues to focus on strengthening its market position through strategic operations and product innovation.
Revenue
In Q3FY25, Kanoria Chemicals & Industries Ltd reported a total income of ₹348.23 crores, marking a decrease of 8.0% from the previous quarter (Q2FY25) where the total income was ₹378.45 crores. When compared year-over-year, the total income saw a slight decline of 0.7% from ₹350.55 crores in Q3FY24. The quarterly and yearly declines in revenue reflect changes in the company's operational or market conditions during this period. These figures suggest a challenging revenue environment for the company within the quarter.
Profitability
For the quarter ending Q3FY25, the company recorded a loss before tax of ₹26.92 crores, which is a significant increase in loss compared to the previous quarter Q2FY25, where the loss before tax was ₹9.38 crores, representing a 187.0% quarter-over-quarter increase. Year-over-year, the loss before tax worsened from ₹13.62 crores in Q3FY24, marking a 97.7% increase in losses. The profit after tax for Q3FY25 stood at a negative ₹28.63 crores, widening from a negative ₹16.48 crores in Q2FY25 and from a negative ₹15.23 crores in Q3FY24. Earnings per share (EPS) also declined, moving from -3.20 in Q2FY25 to -3.80 in Q3FY25, and from -1.90 in Q3FY24. These figures indicate a period of increased financial strain for the company during this quarter.
Operating Metrics
During Q3FY25, Kanoria Chemicals & Industries Ltd reported total expenses of ₹375.15 crores, which represents a 3.3% decrease from the previous quarter's expenses of ₹387.83 crores. However, on a year-over-year basis, total expenses increased by 3.0% from ₹364.17 crores in Q3FY24. The tax expense for Q3FY25 was ₹1.71 crores, a sharp decline from ₹7.10 crores in Q2FY25, an impressive quarter-over-quarter decrease of 75.9%. Compared to Q3FY24, the tax expense increased slightly by 6.2%. These metrics highlight a reduction in quarterly expenses and a strategic adjustment in the tax outlay, reflecting the company's operational changes and fiscal strategies during this period.