January 30, 2025
Key Highlights from the Board Meeting
Asahi Songwon Colors Ltd. (BSE: 532853, NSE: ASAHISONG) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company also approved changes to key policies related to trading and related party transactions.Financial Performance
Standalone Financials (₹ in lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 9,360.37 | 9,945.84 | 6,696.74 | 28,298.42 | 19,286.48 | 27,658.43 |
| Other Income | 261.10 | 180.30 | 131.95 | 609.73 | 333.27 | 523.66 |
| Total Income | 9,630.47 | 10,126.15 | 6,828.69 | 28,908.15 | 19,619.75 | 28,182.09 |
| Total Expenses | 8,934.51 | 9,309.10 | 6,688.51 | 26,642.27 | 19,667.84 | 27,672.57 |
| Profit Before Tax | 695.96 | 817.04 | 140.18 | 2,265.88 | (48.09) | 509.52 |
| Profit After Tax (PAT) | 455.49 | 605.62 | 36.65 | 1,628.90 | 2,237.80 | 2,632.79 |
| Earnings Per Share (₹) | 3.86 | 5.14 | 0.31 | 13.79 | 18.98 | 22.34 |
- The company reported a revenue of ₹9,360.37 lakh for Q3 FY25, reflecting a 39.8% YoY growth.
- PAT for the quarter stood at ₹455.49 lakh, significantly up from ₹36.65 lakh in Q3 FY24.
Consolidated Financials (₹ in lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| 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 | 437.04 | 539.03 | 31.11 | 1,579.75 | 1,662.30 | 1,791.05 |
| Profit After Tax (PAT) | 230.15 | 330.22 | 212.84 | 998.18 | 1,472.99 | 1,563.64 |
| Earnings Per Share (₹) | 2.63 | 3.26 | (0.87) | 10.27 | 15.17 | 17.01 |
- Consolidated revenue grew 30.9% YoY to ₹13,372.42 lakh.
- PAT stood at ₹230.15 lakh, up from ₹212.84 lakh in Q3 FY24.
Operational & Strategic Developments
- Policy Updates:
- Revision in the Code of Fair Disclosure and Conduct for Trading by Designated Persons.
- Update in the Policy on Related Party Transactions.
- Regulatory Compliance:
- Mr. Pratik Shah (CFO) was added to the list of authorized signatories under SEBI’s disclosure regulations.
- Audit Review:
- The independent auditors found no material misstatements in both standalone and consolidated financials.
Outlook
The company continues strengthening its market position in dyes and pigments, with a diversified product portfolio in life sciences and chemical businesses. Asahi Songwon remains focused on operational efficiency and margin expansion to sustain profitability growth in the coming quarters.Stock Impact: Given the significant YoY revenue and PAT growth, the stock may see positive investor sentiment.