Hyderabad, January 30, 2025 – MosChip Technologies Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, demonstrating robust revenue growth and profitability.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY24 | Q2 FY24 | Q3 FY23 | 9M FY24 | 9M FY23 | FY23 (Audited) |
|---|---|---|---|---|---|---|
| Total Income (Consolidated) | 12,741.71 | 12,663.14 | 9,004.27 | 33,590.04 | 22,113.75 | 29,714.97 |
| Net Profit Before Tax | 1,112.61 | 973.17 | 246.63 | 2,496.25 | 973.79 | 1,132.65 |
| Net Profit After Tax | 1,105.98 | 973.15 | 218.72 | 2,477.39 | 901.88 | 988.44 |
| Total Comprehensive Income | 1,067.15 | 896.61 | 126.19 | 2,337.52 | 736.38 | 728.22 |
| Earnings Per Share (EPS) - Basic | 0.58 | 0.51 | 0.12 | 1.31 | 0.51 | 0.55 |
| Earnings Per Share (EPS) - Diluted | 0.56 | 0.49 | 0.12 | 1.25 | 0.48 | 0.52 |
Segment-Wise Performance
- Semiconductor Division
- Q3 Revenue: ₹9,931.58 Lakhs (YoY growth from ₹7,332.86 Lakhs)
- 9M FY24 Revenue: ₹25,902.65 Lakhs (YoY growth from ₹17,504.03 Lakhs)
- Contributed approximately 77.9% of total revenue.
- Software & System Design
- Q3 Revenue: ₹2,684.22 Lakhs (YoY growth from ₹1,630.12 Lakhs)
- 9M FY24 Revenue: ₹7,310.82 Lakhs (YoY growth from ₹4,344.97 Lakhs)
- Contributed approximately 22.1% of total revenue.
Standalone Financial Performance
| Particulars | Q3 FY24 | Q2 FY24 | Q3 FY23 | 9M FY24 | 9M FY23 | FY23 (Audited) |
|---|---|---|---|---|---|---|
| Total Income (Standalone) | 11,101.38 | 10,601.94 | 6,982.70 | 27,981.75 | 17,236.65 | 22,605.42 |
| Net Profit Before Tax | 1,215.02 | 753.72 | 48.62 | 2,316.54 | 611.40 | 621.92 |
| Net Profit After Tax | 1,215.02 | 753.72 | 48.62 | 2,316.54 | 611.40 | 621.92 |
| Earnings Per Share (EPS) - Basic | 0.64 | 0.40 | 0.03 | 1.22 | 0.35 | 0.35 |
Corporate Announcements
- Employee Stock Options: The Nomination & Remuneration Committee approved the grant of 4,389,400 Employee Stock Options (ESOPs) to eligible employees under the existing Stock Option Schemes.
- Extraordinary General Meeting (EGM): Scheduled for March 14, 2025, to seek shareholders’ approval for the revision in the remuneration of the Managing Director.
- Reclassification of Promoters: Mr. Kadiri Ramachandra Reddy and Mrs. K Prathibha Reddy were reclassified as public shareholders, effective November 29, 2024.
Management Commentary
K. Srinivasa Raju, MD & CEO of MosChip Technologies, stated:"We are pleased with the strong growth trajectory of MosChip Technologies, particularly in our semiconductor segment, which continues to drive revenue expansion. The quarter also witnessed a steady improvement in profitability, reflecting our operational efficiencies and market demand."
Outlook & Future Prospects
- Expansion in Semiconductor Services: The company aims to further strengthen its semiconductor design and development capabilities to cater to growing global demand.
- Software & System Design Growth: With digital transformation accelerating, the company plans to invest in AI and embedded system solutions.
- Financial Stability: Strong cash flow generation and prudent financial management to support growth initiatives.