Nahar Industrial Enterprises Ltd's Q3FY25 Quarterly Results

Result Summary

• Nahar Industrial Enterprises Ltd reported a 22.2% 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 20.5%.
• Its expenses for the quarter were up by 18.7% QoQ and 19.7% YoY.
• The net profit decreased 243.3% QoQ and decreased 7.6% YoY.
• The earnings per share (EPS) of Nahar Industrial Enterprises Ltd stood at 1.1 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

Nahar Industrial Enterprises Ltd is a diversified conglomerate primarily engaged in the textile sector, offering a range of products including yarns, fabrics, and garments. The company is part of the larger Nahar Group, which has interests in sugar, power generation, and real estate development. Nahar Industrial Enterprises Ltd is recognized for its vertically integrated operations that span spinning, weaving, and processing units, which allow it to maintain significant control over its production processes. The company operates within the competitive textile industry, which is subject to fluctuations based on global demand, raw material costs, and economic conditions. There is no specific recent major development available for this analysis.

Revenue

During Q3FY25, Nahar Industrial Enterprises Ltd reported a total income of ₹446.03 crores, marking a significant quarter-over-quarter (QoQ) increase of 22.2% from ₹365.12 crores in Q2FY25. Year-over-year (YoY), the total income rose by 20.5% compared to ₹370.01 crores in Q3FY24. This increase in revenue reflects the company's performance within the given period. The substantial growth in income over the previous quarters and year underscores the company's ability to generate higher sales and/or improve its pricing strategy.

Profitability

The company's profitability metrics indicate positive changes, with Profit Before Tax (PBT) rising to ₹7.73 crores in Q3FY25 from a loss of ₹4.18 crores in Q2FY25, reflecting a QoQ change of -284.9%. Compared to Q3FY24, there is a YoY increase of 65.9% from ₹4.66 crores. Despite this, the Profit After Tax (PAT) for Q3FY25 was ₹4.63 crores, a recovery from a loss of ₹3.23 crores in Q2FY25, indicating a QoQ change of -243.3%. However, YoY, PAT decreased by 7.6% from ₹5.01 crores in Q3FY24. Earnings Per Share (EPS) followed a similar trend, improving to ₹1.10 from a negative ₹0.80 last quarter but down by 8.3% YoY from ₹1.20.

Operating Metrics

Total expenses for Q3FY25 were ₹437.25 crores, representing an 18.7% increase QoQ from ₹368.29 crores in Q2FY25 and a 19.7% increase YoY from ₹365.19 crores in Q3FY24. The tax expense for Q3FY25 was ₹2.98 crores, which was a significant increase from a tax credit of ₹0.54 crores in Q2FY25 and a substantial rise from ₹0.08 crores in Q3FY24. These metrics indicate the company’s cost structure and tax obligations during the period. This quarter's financial performance reflects variations in operational efficiency and tax liabilities compared to previous quarters and the same period last year.