Sadhana Nitro Chem Limited (BSE: 506642, NSE: SADHNANIQ) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, along with key corporate decisions.
Financial Highlights
Standalone Financial Performance(₹ in Lakh)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
2,975
3,271
4,920
9,330
13,377
18,886
Other Income
35
116
65
178
142
400
Total Income
3,010
3,387
4,985
9,508
13,519
19,286
Cost of Materials Consumed
1,914
2,493
2,043
5,715
5,218
7,188
Change in Inventory
(1,386)
(1,675)
12
(3,818)
517
936
Employee Benefits
530
578
544
1,719
1,601
2,242
Depreciation
336
399
383
1,133
1,144
1,491
Finance Cost
464
441
435
1,319
1,315
1,726
Other Expenses
973
1,020
1,127
3,011
2,665
4,091
Total Expenses
2,831
3,256
4,544
9,079
12,460
17,674
Profit Before Tax
179
131
441
429
1,059
1,612
Net Profit After Tax
64
55
139
123
552
741
EPS (₹ per share)
0.02
0.02
0.06
0.04
0.22
0.30
Consolidated Financial Performance(₹ in Lakh)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
3,710
4,288
4,408
11,608
12,550
19,005
Other Income
49
117
77
195
149
396
Total Income
3,759
4,405
4,485
11,803
12,699
19,401
Cost of Materials Consumed
2,381
3,195
2,033
7,350
5,208
7,938
Change in Inventory
(1,265)
(1,448)
(422)
(3,477)
(111)
527
Employee Benefits
531
578
544
1,720
1,601
2,242
Depreciation
336
399
383
1,133
1,144
1,491
Finance Cost
464
442
436
1,321
1,317
1,729
Other Expenses
940
1,135
1,113
3,102
2,674
4,191
Total Expenses
3,387
4,301
4,087
11,149
11,833
18,118
Profit Before Tax
372
104
398
654
866
1,283
Net Profit After Tax
258
26
93
346
356
408
EPS (₹ per share)
0.08
0.01
0.04
0.11
0.14
0.17
Corporate Announcements
1. Change in Secretarial Auditors
M/s. MMJB & Associates LLP resigned as the Secretarial Auditors on January 31, 2025.
M/s. Hetal Doshi & Associates appointed as the new Secretarial Auditors for FY 2024-25.
2. Change in Registered Office
New address: Unit No.501, 5th Floor, Nanavati Mahalaya, 18 Homi Mody Street, Fort, Mumbai – 400023.
Effective from February 3, 2025.
3. Acquisition of Calchem Industries (India) Ltd
Completed acquisition on January 27, 2025, making Calchem Industries (India) Ltd a subsidiary.
Approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench.
Management Commentary
Abhishek Asit Javeri, Managing Director, stated: "Despite challenging market conditions, we have maintained profitability and executed strategic moves, including the acquisition of Calchem Industries, which will drive our long-term growth. We continue to focus on operational efficiency and expanding our market presence."
Strategic Outlook
Revenue decline YoY due to industry-wide slowdown and fluctuations in raw material costs.
Acquisition of Calchem Industries expected to strengthen business verticals.
Rights Issue of ₹6.06 per share increased equity base, boosting financial strength.
Sadhana Nitro Chem remains committed to expansion, operational efficiency, and shareholder value enhancement, with a strong focus on chemical intermediates and performance chemicals.
Stock Performance and Investor Insights
Current Market Symbol: SADHNANIQ
Key Growth Drivers: Acquisition synergy, cost efficiency, and new market segments.
Investor Focus: Margin improvement, strategic acquisitions, and revenue recovery.
Conclusion
Sadhana Nitro Chem Limited’s Q3 FY25 results reflect a challenging yet stable financial performance, backed by strategic acquisitions and operational improvements. The Calchem Industries acquisition is set to enhance future revenue streams while the company navigates market fluctuations.