(BSE: 540393 | NSE: SMLT)
Date: February 4, 2025
Sarthak Metals Limited (SMLT) has released its unaudited financial results for the quarter and nine months ended December 31, 2024, following the Board of Directors' meeting on February 4, 2025.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 4,399.70 | 4,572.47 | 7,529.52 | 13,033.53 | 23,451.95 | 30,517.35 |
| Other Income | 47.03 | 74.48 | 68.54 | 180.48 | 138.04 | 192.52 |
| Total Income | 4,446.73 | 4,646.95 | 7,598.06 | 13,214.01 | 23,589.98 | 30,709.87 |
| Cost of Materials Consumed | 3,578.37 | 3,935.97 | 7,063.96 | 10,954.56 | 20,419.57 | 25,999.46 |
| Purchases of Stock-in-Trade | - | - | - | - | - | - |
| Changes in Inventories | 51.78 | -40.91 | -441.31 | -97.34 | -651.18 | -133.34 |
| Employee Benefits Expense | 283.22 | 226.78 | 220.69 | 734.22 | 682.47 | 950.76 |
| Finance Costs | 9.28 | 17.97 | 33.06 | 39.10 | 53.77 | 78.27 |
| Depreciation & Amortization Expense | 79.30 | 61.27 | 53.65 | 193.66 | 140.73 | 203.43 |
| Other Expenses | 280.66 | 257.33 | 440.68 | 882.02 | 1,279.24 | 1,714.71 |
| Total Expenses | 4,282.60 | 4,459.13 | 7,370.73 | 12,706.21 | 21,924.60 | 28,813.29 |
| Profit Before Tax (PBT) | 164.13 | 187.82 | 227.33 | 507.80 | 1,665.39 | 1,896.58 |
| Net Profit | 122.03 | 82.64 | 172.70 | 344.92 | 1,209.75 | 1,382.83 |
| Earnings Per Share (Basic & Diluted) | 0.92 | 0.61 | 1.27 | 2.52 | 8.83 | 10.10 |
Balance Sheet Highlights (₹ in Lakhs)
| Particulars | Dec 31, 2024 (Unaudited) | March 31, 2024 (Audited) |
|---|---|---|
| Total Assets | 12,758.66 | 11,993.15 |
| Non-Current Assets | 2,036.34 | 1,569.02 |
| Current Assets | 10,722.31 | 10,424.13 |
| Total Equity | 11,953.08 | 11,608.75 |
| Non-Current Liabilities | 149.17 | 123.30 |
| Current Liabilities | 805.58 | 384.40 |
Management Commentary
The Board of Directors and management remain committed to driving sustainable growth amid market challenges. The company continues to maintain a strong financial position with steady revenue performance and profitability.Key Announcements & Strategic Updates
- Foreign Exchange Gains: The company reported an unrealized foreign currency gain of ₹20.13 Lakhs as of December 31, 2024.
- Segment Performance: The company operates in a single segment, "Cored Wires," and has seen stable demand across its markets.
- Investor Relations: No investor complaints were received during the quarter.