New Delhi, January 31, 2025 – APM Industries Limited (BSE: 523537) announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a revenue of ₹7,900 lakh for Q3 FY25, reflecting a slight decrease from ₹8,424 lakh in Q2 FY25. The company also posted a net loss of ₹32 lakh for the quarter.
Key Financial Highlights (₹ in lakh)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 (Apr-Dec 2024) | 9M FY24 (Apr-Dec 2023) | FY24 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 7,900 | 8,424 | 7,494 | 23,733 | 23,985 | 29,985 |
| Other Income | 2 | 11 | 15 | 73 | 147 | 147 |
| Total Income | 7,902 | 8,435 | 7,509 | 23,806 | 30,132 | 30,132 |
| Total Expenses | 7,938 | 8,429 | 7,339 | 23,971 | 23,339 | 29,740 |
| Profit/(Loss) Before Tax | (36) | 6 | 170 | (165) | 496 | 392 |
| Net Profit/(Loss) | (32) | 2 | 119 | (128) | 340 | 417 |
| Earnings Per Share (EPS) | (0.15) | 0.01 | 0.55 | (0.59) | 1.57 | 1.93 |
Performance Analysis
- Revenue Decline: The company's revenue from operations fell to ₹7,900 lakh in Q3 FY25, marking a sequential decline from ₹8,424 lakh in Q2 FY25 and a marginal increase from ₹7,494 lakh in Q3 FY24.
- Profitability Pressure: APM Industries reported a net loss of ₹32 lakh in Q3 FY25, compared to a profit of ₹2 lakh in the previous quarter and ₹119 lakh in the same period last year.
- Expense Management: Total expenses stood at ₹7,938 lakh, with key cost components including:
- Raw Material Cost: ₹4,292 lakh, slightly lower than ₹4,342 lakh in Q2 FY25.
- Employee Benefits Expense: ₹1,337 lakh, consistent with the previous quarter.
- Finance Costs: ₹20 lakh, significantly lower than ₹61 lakh in Q2 FY25.
- Depreciation and Amortization: ₹196 lakh, marginally higher than ₹195 lakh in Q2 FY25.
Management Commentary
Rajendra Kumar Rajgarhia, Chairman and Whole-time Director of APM Industries, stated:Outlook
The company operates primarily in the yarn manufacturing sector and does not have reportable segments as per Ind AS 108. Looking ahead, APM Industries aims to optimize costs and enhance operational performance to regain profitability.The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on January 31, 2025. The statutory auditors, Chaturvedi & Partners, conducted a limited review and did not find any material misstatements.