Sirca Paints India Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Sirca Paints India Ltd reported a 14.8% 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 22.2%.
- Its expenses for the quarter were down by 15.0% QoQ and up 24.5% YoY.
- The net profit decreased 13.7% QoQ and increased 9.0% YoY.
- The earnings per share (EPS) of Sirca Paints India Ltd stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 90.61 | 106.34 | 74.12 | -14.8% | 22.2% |
Total Expenses | 75.08 | 88.37 | 60.29 | -15.0% | 24.5% |
Profit Before Tax | 15.54 | 17.97 | 13.83 | -13.5% | 12.4% |
Tax | 4.08 | 4.69 | 3.32 | -13.0% | 22.9% |
Profit After Tax | 11.46 | 13.28 | 10.51 | -13.7% | 9.0% |
Earnings Per Share | 2.10 | 2.40 | 1.90 | -12.5% | 10.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sirca Paints India Ltd operates in the paint industry, providing a range of products including wood coatings, wall paints, and other decorative paint solutions. The company is known for its focus on delivering high-quality paint products aimed at both residential and commercial markets. As a significant player in the paints sector, Sirca Paints India Ltd continues to expand its product offerings and distribution network across India. However, specific recent developments or strategic initiatives undertaken by the company in recent months are not available in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Sirca Paints India Ltd reported a total income of ₹90.61 crores. This figure reflects a decrease of 14.8% compared to the previous quarter (Q2FY25), where the total income was ₹106.34 crores. Despite this quarter-over-quarter (QoQ) decline, the company experienced a 22.2% increase in total income from the same quarter in the previous fiscal year (Q3FY24), which recorded ₹74.12 crores. This year-over-year (YoY) growth indicates a positive trend in the company's revenue generation over the past year.
Profitability
For the quarter ending Q3FY25, Sirca Paints India Ltd's Profit Before Tax (PBT) was ₹15.54 crores, marking a decrease of 13.5% from the previous quarter's PBT of ₹17.97 crores. However, compared to Q3FY24, where the PBT was ₹13.83 crores, there is a YoY increase of 12.4%. The company incurred a tax expense of ₹4.08 crores in Q3FY25, down 13.0% QoQ from ₹4.69 crores in Q2FY25, but up 22.9% YoY from ₹3.32 crores in Q3FY24. Consequently, the Profit After Tax (PAT) for Q3FY25 stood at ₹11.46 crores, reflecting a 13.7% decrease QoQ from ₹13.28 crores in Q2FY25, yet a 9.0% improvement YoY from ₹10.51 crores in Q3FY24. The Earnings Per Share (EPS) was ₹2.10 in Q3FY25, decreasing by 12.5% QoQ from ₹2.40 in Q2FY25, while increasing by 10.5% YoY from ₹1.90 in Q3FY24.
Operating Metrics
Sirca Paints India Ltd's total expenses for Q3FY25 were ₹75.08 crores, representing a 15.0% decrease from the previous quarter's expenses of ₹88.37 crores. When compared to Q3FY24, where expenses totaled ₹60.29 crores, there is a YoY increase of 24.5%. This trend indicates a significant rise in operating expenses compared to the previous year, despite the QoQ reduction. The financial data provided does not include specific details on other operating metrics such as production volumes or sales mix, which are typically used to gain deeper insights into the company's operational efficiency and productivity.
