Mohan Meakin Limited has announced its financial results for the quarter ended December 31, 2024 (Q3 FY25), and the nine months ended December 31, 2024, showcasing strong growth in revenue, profitability, and earnings per share (EPS).
Q3 FY25 Financial Highlights
1. Revenue Growth:
The Company reported a remarkable 105% growth in total revenue, reaching ₹823 crore compared to ₹400 crore in the preceding quarter.
2. Expense Increase:
Total expenses rose 102% to ₹769 crore from ₹380 crore in the previous quarter, driven by increased operational activities.
3. Profit Before Tax (PBT):
PBT surged by 170% to ₹54 crore in Q3 FY25, compared to ₹20 crore in the previous quarter, reflecting operational efficiency and strong revenue growth.
4. Net Profit (PAT):
The profit after tax increased by 62.5% to ₹40 crore, up from ₹15 crore in Q2 FY25, demonstrating improved profitability despite rising expenses.
5. Earnings Per Share (EPS):
EPS for the quarter climbed to ₹48.09, a substantial increase from ₹17.61 in the previous quarter.
Nine-Month Performance (April 1 to December 31, 2024)
1. Revenue:
Total income for the nine-month period increased by 15% to ₹1,549 crore, compared to ₹1,338 crore during the same period in the previous financial year.
2. Expenses:
Total expenses grew 15% year-over-year to ₹1,455 crore, as compared to ₹1,264 crore in the corresponding period last year.
3. Profit Before Tax (PBT):
PBT increased by 27% to ₹93 crore, compared to ₹73 crore in the same period of the previous year, showcasing sustained growth momentum.
4. Net Profit (PAT):
Net profit rose 25% to ₹69 crore, as against ₹55 crore in the corresponding nine-month period of the previous financial year.
5. Earnings Per Share (EPS):
EPS for the nine months ended December 31, 2024, improved to ₹81.78, up from ₹64.65 in the same period of the previous financial year.
Management Commentary
The significant revenue and profit growth in Q3 FY25 highlights the Company’s robust operational capabilities and strategic execution. The increase in profitability, despite rising costs, reflects operational efficiency and the effectiveness of its business strategies.
Mohan Meakin remains committed to driving sustainable growth and delivering value to its shareholders, further strengthening its market leadership in the sector.
Outlook
With a strong financial performance in Q3 and a solid nine-month trajectory, Mohan Meakin is well-positioned for continued growth in the coming quarters, focusing on operational excellence and market expansion.