Dahegam, Gujarat | January 30, 2025 – Loyal Equipments Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, showing strong revenue growth and improved profitability.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY2024 | Q2 FY2024 | Q3 FY2023 | 9M FY2024 | 9M FY2023 | FY2023 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,871.35 | 1,476.13 | 1,323.22 | 4,636.18 | 4,331.83 | 7,081.99 |
| Other Income | 11.44 | 13.24 | 5.26 | 31.96 | 30.88 | 33.14 |
| Total Income | 1,882.79 | 1,489.37 | 1,328.48 | 4,668.14 | 4,362.71 | 7,115.13 |
| Total Expenses | 1,568.26 | 1,071.48 | 1,105.28 | 3,858.76 | 3,914.61 | 6,164.69 |
| Profit Before Tax (PBT) | 314.53 | 417.88 | 223.21 | 809.38 | 448.10 | 950.43 |
| Net Profit | 263.39 | 342.59 | 160.78 | 665.57 | 327.80 | 708.74 |
| Basic EPS (₹) | 2.58 | 3.36 | 1.58 | 6.53 | 3.21 | 6.95 |
Financial Performance Analysis
- Revenue Growth: Revenue from operations grew 41.4% QoQ and 41.4% YoY, reaching ₹1,871.35 lakh for Q3 FY2024.
- Improved Profitability: Net profit rose 63.9% YoY to ₹263.39 lakh. Earnings per share (EPS) increased from ₹1.58 in Q3 FY2023 to ₹2.58 in Q3 FY2024.
- Cost Management: Raw material costs stood at ₹1,015.93 lakh, showing a controlled increase from ₹952.95 lakh in Q3 FY2023.
- Finance Costs Declined: Interest expenses decreased to ₹16.09 lakh from ₹21.62 lakh in Q2 FY2024, reflecting better financial management.
Management Commentary
The Chairman and Managing Director stated: "Our strong financial performance demonstrates the resilience of our business model and effective execution of our growth strategy. With a focus on operational efficiency and market expansion, we are confident in sustaining our growth momentum."Audit Review & Compliance
The financial statements have undergone a limited review by the statutory auditors, confirming compliance with regulatory standards and Indian Accounting Standards.Strategic Outlook
- The company continues to focus on expanding its industrial equipment manufacturing capacity.
- Cost efficiency measures and revenue diversification strategies are expected to support long-term growth.
- The company remains committed to delivering shareholder value with steady earnings growth.