Asahi Songwon Colors Limited (BSE: 532853, NSE: ASAHISONG), a leading manufacturer in the pigment industry, has released its financial results for the third quarter (Q3 FY25) and the nine-month period ending December 31, 2024. The company reported revenue growth and improved profitability during the period.
Key Financial Highlights (Standalone)
(Figures in ₹ Lakhs unless stated otherwise)
Particulars
Q3 FY25 (31-Dec-2024)
Q2 FY25 (30-Sep-2024)
Q3 FY24 (31-Dec-2023)
9M FY25 (31-Dec-2024)
9M FY24 (31-Dec-2023)
FY24 (31-Mar-2024)
Revenue from Operations
9,369.37
9,945.84
6,696.74
28,298.42
19,286.48
27,658.43
Total Income
9,630.47
10,126.15
6,828.69
28,908.15
19,619.75
28,182.09
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
Profit Before Tax (PBT)
695.96
817.04
140.18
2,265.88
2,532.21
3,070.55
Net Profit (PAT)
455.49
605.62
36.65
1,625.90
2,237.80
2,632.79
Earnings Per Share (EPS) (₹)
3.86
5.14
0.31
13.79
18.98
22.34
Note: Standalone financials do not include subsidiary performance.
Key Financial Highlights (Consolidated)
(Figures in ₹ Lakhs unless stated otherwise)
Particulars
Q3 FY25 (31-Dec-2024)
Q2 FY25 (30-Sep-2024)
Q3 FY24 (31-Dec-2023)
9M FY25 (31-Dec-2024)
9M FY24 (31-Dec-2023)
FY24 (31-Mar-2024)
Revenue from Operations
13,372.42
14,160.69
10,215.28
40,960.62
30,026.88
42,623.53
Total Income
13,535.95
14,262.37
10,264.58
41,303.50
30,217.14
42,904.90
Profit Before Tax (PBT)
437.04
539.03
(131.11)
1,579.75
1,662.30
1,791.05
Net Profit (PAT)
230.15
330.22
(212.84)
998.18
1,472.99
1,563.64
Earnings Per Share (EPS) (₹)
2.63
3.26
(0.89)
10.27
15.17
17.01
Note: Consolidated results include performance from subsidiaries and associates.
Segment-Wise Performance
Chemical Segment: The company primarily operates in the pigments and dyes industry, with a significant portion of revenue derived from life science chemicals, APIs, and intermediates.
Subsidiary Performance:
Asahi Tennants Colors Private Limited and Atlas Life Sciences Private Limited contributed significantly to the revenue, though the subsidiaries posted a combined net loss of ₹(228.25) lakhs in Q3 and ₹(627.49) lakhs for 9M FY25.
Plutoeco Enviro Association (Associate) reported negligible revenue contribution.
Management Commentary
Mrs. Paru M. Jaykrishna, Chairperson and Managing Director, stated: "The company has shown resilience in a challenging market environment. Our revenue growth is driven by strong demand in the pigment and chemical segment. Despite macroeconomic pressures, we continue to focus on operational efficiencies and strategic investments to drive long-term value for stakeholders."
Strategic Outlook
Operational Efficiency & Growth: The company remains focused on improving operational efficiencies and scaling production capacity.
Market Expansion: Asahi Songwon continues to explore new markets for its pigments and chemicals, aiming to strengthen its global footprint.
Financial Position: The company maintains a stable balance sheet with no outstanding defaults on loans or debt securities.
Conclusion
Asahi Songwon Colors Limited has delivered a strong financial performance, particularly in revenue growth, despite some fluctuations in profitability. The company remains well-positioned to capitalize on industry opportunities, backed by strategic investments and market expansion initiatives.
