Zenith Steel Pipes & Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Zenith Steel Pipes & Industries Ltd reported a 16.9% 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 decline of 20.4%.
• Its expenses for the quarter were up by 15.9% QoQ and down 21.1% YoY.
• The net profit decreased 54.5% QoQ and decreased 70.6% YoY.
• The earnings per share (EPS) of Zenith Steel Pipes & Industries Ltd - at - 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

Zenith Steel Pipes & Industries Ltd is a company involved in the manufacturing and distribution of steel pipes. The company operates within the steel industry, which is known for its cyclical nature, heavily influenced by global economic conditions, infrastructure development, and raw material prices. As of the most recent data available, Zenith Steel Pipes & Industries Ltd has been navigating through a challenging market landscape characterized by fluctuations in demand and pricing pressures. Any recent major developments specific to Zenith Steel Pipes & Industries Ltd, such as mergers, acquisitions, or shifts in business strategy, are not available based on the current data provided.

Revenue

During the third quarter of fiscal year 2025, Zenith Steel Pipes & Industries Ltd reported a total income of ₹36.63 crores. This marks a significant quarter-over-quarter (QoQ) increase of 16.9% compared to the previous quarter (Q2FY25) where the total income was ₹31.34 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income reflects a decrease of 20.4%, with the income then being ₹46.01 crores. This year-over-year (YoY) decline in total income suggests a contraction in revenue generation capabilities over the past year, despite the more recent improvement observed on a quarterly basis.

Profitability

The company’s profitability metrics reveal a loss before and after tax for the third quarter of fiscal year 2025. The profit before tax was recorded at a loss of ₹0.17 crores, which is an improvement from the previous quarter's loss of ₹0.42 crores, reflecting a QoQ reduction in losses by 59.5%. Compared to Q3FY24, where the loss before tax was ₹0.62 crores, there has been a significant YoY reduction in losses by 72.6%. Following similar trends, the profit after tax for Q3FY25 was a loss of ₹0.20 crores, which again shows an improvement from the previous quarter’s loss of ₹0.44 crores (a decrease of 54.5% in losses QoQ) and a marked reduction from the loss of ₹0.68 crores in Q3FY24, indicating a 70.6% improvement YoY. Despite zero earnings per share reported across the periods, these trends suggest a narrowing of losses.

Operating Metrics

For the third quarter of fiscal year 2025, Zenith Steel Pipes & Industries Ltd's total expenses reached ₹36.80 crores, which represents a 15.9% increase from the previous quarter’s expenses of ₹31.76 crores. When compared to the same quarter in the previous year, total expenses have decreased by 21.1% from ₹46.63 crores in Q3FY24. Although expenses have increased QoQ, the YoY decline in expenses aligns with the reduction in total income, maintaining a consistent cost management relative to this decrease. There are no available details for other operating metrics such as earnings per share and tax, as these figures are reported as zero or not provided, which is consistent across the reporting periods.