(NSE: IRISDOREME)
Howrah, February 3, 2025 – Iris Clothings Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024 (Q3 FY25), reporting significant revenue growth and stable profitability.
Key Financial Highlights (₹ in Lakhs)
Particulars Q3 FY25 (31-Dec-24) Q2 FY25 (30-Sep-24) Q3 FY24 (31-Dec-23) 9M FY25 (31-Dec-24) 9M FY24 (31-Dec-23) FY24 (Audited)(31-Mar-24) Revenue from Operations 3,337.57 4,126.43 2,348.03 10,606.97 7,980.31 12,192.11 Total Income 3,339.67 4,139.08 2,350.47 10,625.28 7,987.53 12,201.81 Total Expenses 3,021.89 3,615.72 2,072.30 9,456.08 6,791.80 10,552.43 Profit Before Tax (PBT) 317.78 523.36 278.17 1,169.20 1,195.73 1,649.38 Net Profit (PAT) 237.40 384.14 198.56 864.03 872.60 1,221.19 Earnings Per Share (EPS) - ₹ 0.29 0.47 0.24 1.06 1.07 1.50
| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 (31-Dec-24) | 9M FY24 (31-Dec-23) | FY24 (Audited)(31-Mar-24) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 3,337.57 | 4,126.43 | 2,348.03 | 10,606.97 | 7,980.31 | 12,192.11 |
| Total Income | 3,339.67 | 4,139.08 | 2,350.47 | 10,625.28 | 7,987.53 | 12,201.81 |
| Total Expenses | 3,021.89 | 3,615.72 | 2,072.30 | 9,456.08 | 6,791.80 | 10,552.43 |
| Profit Before Tax (PBT) | 317.78 | 523.36 | 278.17 | 1,169.20 | 1,195.73 | 1,649.38 |
| Net Profit (PAT) | 237.40 | 384.14 | 198.56 | 864.03 | 872.60 | 1,221.19 |
| Earnings Per Share (EPS) - ₹ | 0.29 | 0.47 | 0.24 | 1.06 | 1.07 | 1.50 |
Performance Overview
- Revenue Growth: The company reported ₹3,337.57 lakhs in revenue for Q3 FY25, a 42.1% YoY increasefrom ₹2,348.03 lakhs in Q3 FY24.
- Profitability: Profit after tax (PAT) stood at ₹237.40 lakhs, marking a 19.5% YoY increase compared to Q3 FY24.
- Quarterly Decline: Revenue saw a 19.1% QoQ decline from Q2 FY25, where sales were at ₹4,126.43 lakhs.
- Nine-Month Performance: For 9M FY25, revenue rose 32.9% YoY, while PAT remained stable.
Expense Analysis
- Material Costs: ₹1,718.24 lakhs in Q3 FY25, up from ₹1,257.73 lakhs in Q3 FY24.
- Employee Costs: ₹667.55 lakhs in Q3 FY25, reflecting an increase from ₹601.21 lakhs YoY.
- Finance Costs: ₹109.08 lakhs, compared to ₹101.89 lakhs in Q3 FY24.
Management Commentary
Santosh Ladha, Managing Director, Iris Clothings Limited, commented:
Outlook & Strategic Direction
- Expansion Plans: The company is actively working on expanding its manufacturing capacity.
- Market Positioning: With a single-segment focus on garment manufacturing and trading, Iris Clothings remains committed to enhancing its brand footprint.
- Financial Stability: With stable EPS and profitability, investors can expect steady returns.
Conclusion
Iris Clothings Limited’s Q3 FY25 performance reflects strong revenue growth, controlled costs, and stable profitability. Despite a sequential decline, the company remains confident in its long-term trajectory.
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