Modi Rubber Ltd's Q3FY25 Quarterly Results

Result Summary

• Modi Rubber Ltd reported a 26.8% 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 24.9%.
• Its expenses for the quarter were up by 48.1% QoQ and 36.1% YoY.
• The net profit decreased 2.1% QoQ and increased 10.7% YoY.
• The earnings per share (EPS) of Modi Rubber Ltd stood at 2.5 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

Modi Rubber Ltd is a company engaged in the manufacturing and distribution of rubber products. Its primary products include various types of rubber and related materials that cater to multiple industries. Unfortunately, specific recent major developments for the company are not available in the provided data. Modi Rubber Ltd operates within the broader rubber industry, which is influenced by factors such as raw material availability, technological advancements, and market demand.

Revenue

For Q3FY25, Modi Rubber Ltd reported a total income of ₹14.70 crores, reflecting a significant quarter-over-quarter (QoQ) growth of 26.8% from ₹11.59 crores in Q2FY25. Year-over-year (YoY), the total income increased by 24.9% from ₹11.77 crores in Q3FY24. This substantial increase in total income indicates positive momentum in revenue generation compared to previous quarters.

Profitability

The company reported a profit after tax of ₹6.19 crores in Q3FY25, slightly down by 2.1% from the ₹6.32 crores reported in Q2FY25. However, on a YoY basis, there was an increase of 10.7% from the ₹5.59 crores achieved in Q3FY24. Earnings per Share (EPS) remained consistent at ₹2.50 in both Q3FY25 and Q2FY25, marking a 13.6% increase YoY from ₹2.20 in Q3FY24. The profit before tax stood at a negative ₹2.51 crores in Q3FY25, which was a significant decline from a near breakeven point of negative ₹0.05 crores in Q2FY25 and a larger decrease compared to Q3FY24's negative ₹0.88 crores.

Operating Metrics

Total expenses for Q3FY25 were reported at ₹17.22 crores, marking a 48.1% QoQ increase from ₹11.63 crores in Q2FY25 and a 36.1% YoY increase from ₹12.65 crores in Q3FY24. This notable rise in expenses reflects a substantial increase in operational costs over the periods. Tax reported for Q3FY25 was a negative ₹2.20 crores, contrasting with a positive tax of ₹2.81 crores in Q2FY25 and ₹1.36 crores in Q3FY24, highlighting a significant fluctuation in tax obligations. These metrics indicate significant operational shifts within the company over the analyzed periods.