February 4, 2025 | Noida, India
Interarch Building Products Limited (NSE: INTERARCH) has announced its unaudited financial results for the third quarter (Q3 FY25) and nine months ended December 31, 2024. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 4, 2025.
Key Financial Highlights (₹ in lakhs)
| Particulars | Q3 FY25 (31.12.2024) | Q2 FY25 (30.09.2024) | Q3 FY24 (31.12.2023) | 9M FY25 (31.12.2024) | 9M FY24 (31.12.2023) | FY24 (31.03.2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 36,361.52 | 32,327.72 | 31,630.33 | 99,032.89 | 90,783.09 | 129,330.16 |
| Total Income | 36,927.88 | 32,823.05 | 32,142.18 | 100,366.48 | 91,790.07 | 130,631.41 |
| Total Expenses | 33,176.14 | 30,079.27 | 29,139.14 | 92,914.78 | 81,932.07 | 116,439.16 |
| Profit Before Tax (PBT) | 2,821.68 | 2,069.07 | 2,223.94 | 6,937.78 | 5,639.93 | 8,634.27 |
| Net Profit (PAT) | 2,819.66 | 2,067.06 | 2,199.23 | 6,937.78 | 5,556.58 | 8,626.20 |
| Basic EPS (₹) | 16.94 | 13.54 | 15.26 | 44.92 | 38.23 | 58.68 |
| Diluted EPS (₹) | 16.79 | 13.41 | 15.25 | 44.68 | 38.13 | 58.68 |
- Revenue Growth: 14.9% YoY in Q3 FY25, 12.5% QoQ.
- Net Profit Increase: ₹2,819.66 lakhs, an 8.2% YoY rise.
Business & Operational Highlights
- Interarch specializes in manufacturing, supply, erection, and installation of pre-engineered buildings, roofing & cladding systems, and metal false ceilings.
- The company operates as a single segment business, as per Ind AS-108.
Corporate Developments
1. IPO & Equity Capital Increase
- IPO raised ₹19,999.99 lakhs, listing Interarch on NSE & BSE on August 26, 2024.
- Paid-up equity capital rose to ₹1,664.04 lakhs from ₹1,441.59 lakhs.
2. IPO Proceeds Utilization (₹ in lakhs)
| Particulars | Allocated | Utilized (Dec 31, 2024) | Remaining |
|---|---|---|---|
| New Project Capex | 5,853.30 | 185.34 | 5,667.96 |
| Facility Upgradation | 1,924.60 | 101.30 | 1,823.30 |
| IT Investment | 1,139.20 | - | 1,139.20 |
| Working Capital | 5,500.00 | 2,500.00 | 3,000.00 |
| Corporate Purposes | 4,303.70 | 4,303.70 | - |
| Total | 18,720.80 | 7,090.34 | 11,630.46 |
- ₹11,623.71 lakhs invested in fixed deposits, ₹6.75 lakhs in monitoring account.
3. ESOP 2023 Implementation
- 273,750 stock options granted in July 2024.
- 50% vesting after one year, remainder in next three years.
- Q3 FY25 ESOP expense: ₹276.38 lakhs, 9M FY25: ₹488.40 lakhs.
4. Share Buyback
- 5,84,708 shares repurchased at ₹667 per share, totaling ₹3,900.00 lakhs on September 25, 2023.
Management Commentary
Arvind Nanda, Managing Director, stated: "Interarch's strong Q3 FY25 results reflect our continued momentum in revenue and profitability. Our IPO success, disciplined execution, and strategic investments position us for sustained growth. We remain focused on operational excellence and long-term value creation for our stakeholders.”Investor Takeaways & Strategic Outlook
- Steady revenue & profit growth, strong operational performance.
- Strategic use of IPO funds for expansion and efficiency.
- Leading market position in pre-engineered buildings & construction solutions.
- Enhanced investor confidence backed by robust financials.