Himatsingka Seide Limited has announced its unaudited financial results for the second quarter of the fiscal year 2025, revealing mixed performance across key metrics.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: The company reported revenue from operations of ₹694.33 crore, reflecting a YoY decline of 6% compared to ₹739.14 crore in Q2 FY24. Sequentially, revenue decreased by 5.6% from ₹735.46 crore in Q1 FY25.
- Total Income: Including other income, the total income for Q2 FY25 reached ₹700.31 crore, down 6.4% YoY from ₹748.15 crore in Q2 FY24 and a QoQ decline of 4.8% from ₹738.08 crore in Q1 FY25.
- Profit Before Tax (PBT): Himatsingka Seide recorded a profit before tax of ₹25.76 crore in Q2 FY25, down 40.2% from ₹43.06 crore in the same quarter last year. Sequentially, PBT decreased by 12.5% from ₹29.42 crore in Q1 FY25.
- Net Profit: The company’s net profit stood at ₹21.71 crore in Q2 FY25, reflecting a 24.5% YoY decline from ₹28.78 crore in Q2 FY24. On a QoQ basis, net profit dropped by 5.7% from ₹21.71 crore in Q1 FY25.
Analysis and Outlook:
The YoY decline in revenue and profitability suggests that Himatsingka Seide faces challenges in maintaining sales growth amidst fluctuating market conditions. The decrease in both revenue and profit compared to previous quarters underscores the need for strategic adjustments to enhance profitability.
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