Mumbai, January 30, 2025 – Pradeep Metals Limited has reported its unaudited financial results for the quarter and nine months ended December 31, 2024. The company registered a strong performance, with both revenue and profitability witnessing significant growth.
Key Financial Highlights (Standalone)
Quarter Ended December 31, 2024 (₹ in Lakhs)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
YoY Growth
Revenue from Operations
7,327.50
7,199.01
6,142.48
19.3%
Total Income
7,441.34
7,255.48
6,256.35
18.9%
EBITDA
947.97
918.93
795.35
19.2%
Profit Before Tax (PBT)
566.72
721.46
647.17
(12.4%)
Net Profit
467.55
536.98
485.35
(3.7%)
EPS (₹) (Basic/Diluted)
2.71
3.11
2.81
(3.6%)
Key Financial Highlights (Consolidated)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
YoY Growth
Revenue from Operations
7,915.01
7,418.05
6,774.02
16.9%
Total Income
8,028.55
7,483.27
6,847.23
17.2%
EBITDA
1,011.17
978.26
865.12
16.9%
Profit Before Tax (PBT)
756.67
826.44
838.04
(9.7%)
Net Profit
661.79
647.44
684.23
(3.3%)
EPS (₹) (Basic/Diluted)
3.83
3.75
3.96
(3.3%)
Segment Performance
Closed Die Steel Forging & Processing: Revenue for this segment stood at ₹7,886.13 lakh in Q3 FY25, up 16.3% YoY from ₹6,780.90 lakh.
Power Generation: Revenue from the power segment stood at ₹104.63 lakh, up 25% YoY from ₹83.69 lakh.
Corporate Updates
Export sales to subsidiaries in the USA totaled ₹187.65 lakh for the quarter and ₹999.11 lakh for the nine months.
Foreign exchange gains amounted to ₹40.86 lakh, contributing positively to profitability.
Management Commentary
The board expressed optimism about the company's performance. "Despite a challenging global macroeconomic environment, we have delivered a strong top-line performance. Our focus on operational efficiencies and strategic cost management continues to drive profitability."
Outlook
Strengthening global market presence, particularly in the US.
Focus on operational efficiencies and cost optimization.
Continued demand in the forging segment expected to drive growth in the coming quarters.
Auditor's Report
The limited review report confirms that the financial statements comply with applicable accounting principles, with no material misstatements identified.
Conclusion
Pradeep Metals Limited has demonstrated resilient performance with strong revenue growth and steady profitability. While net profit dipped slightly YoY due to tax adjustments, the company’s operational strength and diversified business model continue to position it well for future growth.