Vijayawada, February 1, 2025 – INCAP Limited (BSE: INCAP) has reported its unaudited financial results for the third quarter (Q3) ended December 31, 2024, showcasing substantial revenue growth and steady profitability.
Key Financial Highlights (₹ in Lakhs)
Particulars
Q3 FY25(Unaudited)
Q3 FY24(Unaudited)
Q2 FY25(Audited)
9M FY25(Unaudited)
9M FY24(Unaudited)
FY24(Audited)
Revenue from Operations
1,688.74
390.50
708.66
2,863.78
1,540.45
1,936.47
Total Income
1,689.02
388.80
708.18
2,864.06
1,548.58
2,024.28
Total Expenses
1,669.37
378.48
662.84
2,776.09
1,484.02
1,932.23
Profit Before Tax
19.65
10.32
45.34
87.97
64.56
92.05
Net Profit
19.65
10.32
45.34
87.97
64.56
66.97
Earnings Per Share (₹)
1.30
-
-
1.30
-
-
Performance Review
Revenue Surge: INCAP Limited reported a remarkable 4.3x increase in revenue YoY, reaching ₹1,688.74 lakh in Q3 FY25, compared to ₹390.50 lakh in Q3 FY24. This significant growth was driven by higher sales volume.
Expense Management: The company effectively managed its costs, with total expenses rising to ₹1,669.37 lakh, in line with increased operations.
Steady Profitability: Net profit for Q3 FY25 stood at ₹19.65 lakh, reflecting a 90.4% YoY increase from ₹10.32 lakh in Q3 FY24.
Balance Sheet Overview (₹ in Lakhs)
Particulars
31-Dec-24
31-Mar-24
Total Assets
4,172.95
2,743.15
Equity
1,695.02
1,607.05
Borrowings (Non-Current Liabilities)
1,084.80
36.50
Cash & Bank Balance
31.79
813.18
Asset Growth: Total assets increased significantly to ₹4,172.95 lakh from ₹2,743.15 lakh in March 2024.
Leverage Increase: Borrowings surged to ₹1,084.80 lakh, reflecting potential investments in business expansion.
Liquidity Position: Cash and cash equivalents dropped significantly to ₹31.79 lakh from ₹813.18 lakh, indicating high capital deployment.
Cash Flow Analysis (₹ in Lakhs)
Particulars
9M FY25
FY24
Net Cash from Operations
(1,458.34)
(606.14)
Net Cash from Investing
(169.58)
66.84
Net Cash from Financing
846.53
86.99
Net Cash Flow
(781.39)
(452.31)
Negative Operating Cash Flow: A net outflow of ₹1,458.34 lakh in operations suggests increased working capital requirements.
Capital Expenditure: ₹134.17 lakh was spent on fixed assets, reflecting investment in infrastructure.
Financing Activities: ₹873.97 lakh in borrowings helped offset cash outflows.
Auditor’s Limited Review
The Limited Review Report by Umamaheswara Rao & Co. confirmed that INCAP Limited’s financial results comply with SEBI Listing Regulations, 2015 and accounting standards, with no material misstatements found.
Strategic Outlook
Market Expansion: The company is focusing on strengthening its operations and expanding market reach.
Operational Efficiency: With increasing revenues and profitability, cost optimization remains a key focus.
Capital Utilization: Future capital deployment strategies will be crucial in maintaining growth momentum.
Conclusion
INCAP Limited delivered strong Q3 results, driven by robust revenue growth and improved profit margins. While operating cash flow remains negative, the company's expansion strategy and financial discipline will be key factors in sustaining its upward trajectory.