Pilani Investment & Industries Corporation Ltd's Q3FY25 Quarterly Results

Result Summary

• Pilani Investment & Industries Corporation Ltd reported a 50.5% 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 growth of -0.0%.
• Its expenses for the quarter were up by 14.0% QoQ and 3.9% YoY.
• The net profit decreased 82.8% QoQ and decreased 75.9% YoY.
• The earnings per share (EPS) of Pilani Investment & Industries Corporation Ltd stood at 12.1 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

Pilani Investment & Industries Corporation Ltd is a well-established company in India, primarily engaged in investment activities. It holds significant interests in various industries through its investment portfolio, which includes equity interests in diversified sectors such as manufacturing, financial services, and consumer goods. As an investment company, Pilani Investment's performance can be influenced by the market performance of its portfolio companies. The company operates within the financial services industry, with its primary focus on generating returns from its investments. Recent developments about the company are not available in the provided data, so any specific changes or strategic initiatives in the last quarter are not detailed here.

Revenue

During the third quarter of the fiscal year 2025 (Q3FY25), Pilani Investment & Industries Corporation Ltd reported total income of ₹61.65 crores. This figure shows a significant decrease of 50.5% when compared to the previous quarter (Q2FY25), where the company reported a total income of ₹124.44 crores. Year-over-year (YoY), the total income remained relatively stable, showing a negligible change from ₹61.66 crores in Q3FY24 to ₹61.65 crores in Q3FY25, reflecting a -0.0% change. This consistency in year-over-year income suggests a stable revenue base despite quarterly fluctuations.

Profitability

The profitability of Pilani Investment & Industries Corporation Ltd experienced a notable decline in Q3FY25. The company recorded a Profit Before Tax (PBT) of ₹37.13 crores, which represents a decrease of 63.9% from the ₹102.94 crores reported in Q2FY25. Year-over-year, the PBT saw a slight decline of 2.4% from ₹38.06 crores in Q3FY24. After accounting for taxes, the Profit After Tax (PAT) stood at ₹13.37 crores in Q3FY25, marking a drastic reduction of 82.8% from the previous quarter's ₹77.70 crores and a 75.9% fall from the ₹55.52 crores reported in the same quarter of the previous fiscal year. The earnings per share (EPS) mirrored this trend, decreasing to ₹12.10 in Q3FY25 from ₹70.20 in Q2FY25, and from ₹50.10 in Q3FY24.

Operating Metrics

The total expenses for Pilani Investment & Industries Corporation Ltd in Q3FY25 were ₹24.52 crores, which increased by 14.0% from ₹21.50 crores in Q2FY25 and by 3.9% from ₹23.61 crores in Q3FY24. This rise in expenses alongside a sharp decline in income has impacted the company's operating performance for the quarter. The tax expense also decreased significantly by 60.4% from the previous quarter, aligning with the overall reduction in profit levels. However, compared to the same quarter in the previous year, the tax expense saw a modest increase of 2.1%, from ₹10.12 crores to ₹10.33 crores in Q3FY25. These financial indicators reflect the operational dynamics that the company faced during this period.