Polyplex Corporation Ltd's Q3FY25 Quarterly Results

Result Summary

• Polyplex Corporation Ltd reported a 0.6% 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 18.7%.
• Its expenses for the quarter were up by 3.0% QoQ and 10.1% YoY.
• The net profit decreased 35.9% QoQ and increased 515.9% YoY.
• The earnings per share (EPS) of Polyplex Corporation Ltd stood at 18.4 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

Polyplex Corporation Ltd is a global leader in the manufacturing of polyester film. The company operates in the specialty chemicals industry, focusing primarily on the production and distribution of plastic films and related products. These films are widely used in packaging, electrical, and industrial applications. Polyplex has a robust international presence with manufacturing facilities across multiple countries, serving a diverse range of clients worldwide. As of the latest information, there are no specific major recent developments noted for Polyplex Corporation Ltd. It is important to refer to the most current sources for any recent updates or strategic changes within the company.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Polyplex Corporation Ltd reported a total income of ₹1828.61 crores. This represents a slight decrease of 0.6% compared to the previous quarter (Q2FY25), where the total income was ₹1839.21 crores. However, on a year-over-year basis, the company experienced a significant increase of 18.7% in total income compared to Q3FY24, which recorded ₹1540.24 crores. This growth in total income over the year highlights the company's ability to enhance its revenue generation capabilities despite the minor sequential decline.

Profitability

Polyplex Corporation Ltd's profitability metrics for Q3FY25 reveal a profit before tax of ₹141.55 crores, which marks a 29.9% decrease from the previous quarter's profit before tax of ₹201.99 crores. While there is a decrease in profit before tax on a quarter-to-quarter basis, the year-over-year comparison shows a substantial increase of 1571.2% from Q3FY24, where the profit before tax was just ₹8.47 crores. The profit after tax for Q3FY25 stands at ₹105.13 crores, a decline of 35.9% compared to the previous quarter’s ₹164.11 crores. However, compared to the same quarter last year, the profit after tax has surged by 515.9% from ₹17.07 crores. The earnings per share in Q3FY25 were ₹18.40, down from ₹28.00 in Q2FY25, yet significantly higher than ₹1.50 in Q3FY24, reflecting a year-over-year rise of 1126.7%.

Operating Metrics

For Q3FY25, Polyplex Corporation Ltd's total expenses amounted to ₹1687.06 crores, marking an increase of 3.0% from Q2FY25, where total expenses were ₹1637.22 crores. On a year-over-year basis, total expenses increased by 10.1% from Q3FY24's ₹1531.77 crores. The tax expense for the third quarter of FY25 was ₹36.42 crores, showing a slight decrease of 3.9% from the previous quarter's tax expense of ₹37.88 crores. However, this is a significant shift from a negative tax expense in Q3FY24, which was reported at -₹8.60 crores. This reversal from a tax benefit to a tax expense indicates changes in the company's tax obligations or provisions over the year.