Mumbai, January 30, 2025 – Sonam Limited announced its unaudited financial results for the quarter ended December 31, 2024 (Q3 FY2025), following a Board of Directors meeting held on January 30, 2025.
Key Financial Highlights (₹ in Lakh)
| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Net Sales | 2,519.33 | 2,442.26 | 2,332.35 | 7,221.32 | 6,507.75 | 7,728.00 |
| Other Operating Income | 9.27 | 5.10 | 5.25 | 21.74 | 28.34 | 35.87 |
| Total Income | 2,528.61 | 2,447.36 | 2,337.60 | 7,243.07 | 6,536.09 | 7,763.87 |
| Total Expenses | 2,199.10 | 2,242.82 | 2,092.22 | 6,516.53 | 5,824.39 | 7,800.90 |
| Profit Before Tax (PBT) | 329.51 | 204.54 | 315.28 | 726.54 | 711.71 | 954.27 |
| Net Profit (PAT) | 211.99 | 134.35 | 188.80 | 463.70 | 383.59 | 551.58 |
| Earnings Per Share (EPS) | 0.53 | 0.34 | 0.47 | 1.16 | 0.96 | 1.38 |
Quarterly Performance Analysis
- Revenue Growth: Sonam Limited recorded YoY growth of 8.0% in net sales, reaching ₹2,519.33 lakh in Q3 FY25 compared to ₹2,332.35 lakh in Q3 FY24.
- Profitability Boost: The net profit surged by 12.3% YoY, from ₹188.80 lakh in Q3 FY24 to ₹211.99 lakh in Q3 FY25.
- EPS Improvement: The earnings per share (EPS) stood at ₹0.53, up from ₹0.47 in the same quarter last year.
Operational Insights & Segment Performance
- Manufacturing Strength: The company remains focused on its "Manufacturing & Sale of Horological Items, Clocks, Components, and related items," which continues to be its sole reportable segment.
- Stable Cost Management: The total expenses remained largely stable at ₹2,199.10 lakh, showcasing effective cost control efforts.
Corporate Updates
- The Board of Directors approved the unaudited financial results and took note of the regulatory filings submitted to NSE.
- Equity Share Split Impact: The earnings per share figures have been adjusted to reflect the sub-division of shares (1 equity share of ₹10 into 2 shares of ₹5 each), effective from May 10, 2024.
Management Commentary
Jayeshbhai Chhabildas Shah, Chairman & Managing Director of Sonam Limited, stated: "We are pleased with our performance this quarter, with strong revenue growth and sustained profitability. Our continued focus on operational efficiency and product innovation is driving long-term value creation for our stakeholders."Outlook & Future Strategy
- Expansion Plans: The company aims to increase market penetration and strengthen its position in the domestic and export markets.
- Technology Investments: A focus on product innovation and automation is expected to drive growth in the coming quarters.
- Margin Optimization: The management remains committed to cost rationalization and improving margins.
Conclusion
Sonam Limited continues its growth trajectory with consistent revenue expansion, improved profitability, and a solid balance sheet. With a clear strategic vision and operational efficiency, the company is well-positioned to achieve sustained growth in the coming quarters.
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