Mitcon Consultancy & Engineering Services Ltd's Q3FY25 Quarterly Results

Result Summary

• Mitcon Consultancy & Engineering Services Ltd reported a 20.2% 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 7.4%.
• Its expenses for the quarter were down by 19.3% QoQ and 5.5% YoY.
• The net profit decreased 74.5% QoQ and decreased 44.3% YoY.
• The earnings per share (EPS) of Mitcon Consultancy & Engineering Services Ltd stood at 0.2 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

Mitcon Consultancy & Engineering Services Ltd is a prominent player in the consultancy and engineering sector. The company operates in a niche market, providing a range of services tailored to both public and private sector clients. These services typically include project consultancy, energy audits, environmental consultancy, and various engineering solutions. The company's offerings are designed to help clients optimize their operational efficiencies and achieve sustainable growth. While specific recent developments within the company are not detailed in the provided data, the industry in which it operates is characterized by a demand for innovative engineering solutions and sustainable practices.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Mitcon Consultancy & Engineering Services Ltd reported a total income of ₹22.85 crores. This represents a decrease of 20.2% from the previous quarter (Q2FY25), where the total income was ₹28.63 crores. On a year-over-year basis, the total income declined by 7.4% compared to ₹24.67 crores in Q3FY24. The decrease in revenue both quarter-over-quarter and year-over-year may reflect changes in the company's business operations, market conditions, or other external factors impacting the financial performance within the reporting period.

Profitability

The company's profitability metrics for Q3FY25 indicate a decrease in profit levels. Profit Before Tax (PBT) for Q3FY25 stood at ₹1.55 crores, down 30.5% from ₹2.23 crores in Q2FY25, and a 27.2% decrease from ₹2.13 crores in Q3FY24. The tax expenses for Q3FY25 were ₹0.58 crores, decreasing 30.1% quarter-over-quarter from Q2FY25 and 44.2% year-over-year from Q3FY24. Profit After Tax (PAT) was ₹0.39 crores for Q3FY25, showing a significant decrease of 74.5% from ₹1.53 crores in the previous quarter and 44.3% from ₹0.70 crores in the same quarter of the previous year. Earnings Per Share (EPS) also saw a substantial decline, recorded at ₹0.20 in Q3FY25 compared to ₹1.00 in Q2FY25 and ₹0.50 in Q3FY24, reflecting an 80.0% and 60.0% decrease, respectively.

Operating Metrics

In terms of operating metrics, the total expenses for Q3FY25 were ₹21.30 crores, marking a decrease of 19.3% from ₹26.39 crores in Q2FY25 and a 5.5% reduction compared to ₹22.54 crores in Q3FY24. This reduction in expenses quarter-over-quarter and year-over-year suggests a possible scaling down or optimization of operational activities within the company during the period. Despite the reduction in expenses, the decline in revenue has impacted the overall profitability of the company as reflected by the lower profit margins. The changes in these operational metrics highlight the financial adjustments the company may be undertaking in response to its revenue trends.