Indigo Paints Limited announced its financial performance for the third quarter ended December 31, 2024, reflecting a modest decline in revenue and profitability amid higher input costs and subdued market conditions.
Key Financial Highlights (Q3 FY25):
- Revenue from Operations: ₹342.6 crore, marking a 3.2% decline compared to ₹353.8 crore in Q3 FY24. The decline was primarily due to softening demand in key markets and challenges in volume growth.
- Net Profit: The company posted a net profit of ₹36 crore, down 3.5% from ₹37.3 crore in the year-ago period. The drop in profitability was driven by higher operating expenses and lower sales.
- EBITDA: The company reported an EBITDA of ₹57.2 crore, reflecting a 7.7% decrease compared to ₹62 crore in Q3 FY24, impacted by rising input and employee-related costs.
- EBITDA Margin: EBITDA margin stood at 16.7% for the quarter, down from 17.5% YoY, highlighting margin pressures despite the company’s cost optimization efforts.
Expense Overview:
- Cost of Raw Materials: ₹174.2 crore, reflecting stable input procurement with moderate price fluctuations.
- Employee Benefits Expense: ₹28.1 crore, increasing marginally from ₹26.4 crore in Q3 FY24, owing to capacity expansions and talent acquisition.
Outlook:
Indigo Paints remains focused on expanding its market presence, improving operational efficiency, and launching innovative products to drive future growth. The company’s long-term strategy includes addressing cost concerns through supplier negotiations and optimizing supply chain operations.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions.
