Ahmedabad, February 03, 2025 – Suraj Limited (BSE: 531638 | NSE: SURAJLTD), a leading manufacturer and exporter of stainless steel seamless pipes, tubes, flanges, and fittings, has released its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights (Standalone)
Quarterly Performance (Q3 FY2024-25)
| Particulars | Q3 FY25 (₹ in Lakhs) | Q2 FY25 (₹ in Lakhs) | Q3 FY24 (₹ in Lakhs) | YoY Change (%) | QoQ Change (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 6,361.14 | 5,664.42 | 9,309.23 | -31.66% | 12.3% |
| Total Income | 6,412.93 | 5,820.01 | 9,382.72 | -31.65% | 10.2% |
| EBITDA | 1,361.75 | 988.14 | 1,262.39 | 7.88% | 37.8% |
| Profit Before Tax (PBT) | 966.63 | 654.39 | 904.69 | 6.84% | 47.7% |
| Net Profit (PAT) | 684.07 | 453.63 | 640.04 | 6.88% | 50.9% |
| Earnings Per Share (EPS) - ₹ | 3.73 | 2.47 | 3.49 | 6.87% | 51.0% |
- Revenue: ₹17,499.70 lakhs, down 31.2% YoY from ₹25,449.96 lakhs.
- Net Profit: ₹1,558.48 lakhs, up 3.90% YoY from ₹1,499.92 lakhs.
- EPS: ₹8.49 vs. ₹8.17 YoY.
Key Financial Highlights (Consolidated)
| Particulars | Q3 FY25 (₹ in Lakhs) | Q2 FY25 (₹ in Lakhs) | Q3 FY24 (₹ in Lakhs) | YoY Change (%) |
|---|---|---|---|---|
| Revenue from Operations | 6,361.14 | 5,664.42 | 9,309.23 | -31.66% |
| Total Income | 6,412.93 | 5,820.01 | 9,382.72 | -31.65% |
| Profit Before Tax (PBT) | 988.18 | 874.62 | 938.69 | 5.27% |
| Net Profit (PAT) | 705.62 | 646.86 | 674.04 | 4.69% |
| EPS (₹) | 3.84 | 3.52 | 3.67 | 4.63% |
Dividend Announcement
The Board of Directors declared an interim dividend of ₹1.50 per equity share (15%) for FY2024-25.- Record Date: February 10, 2025
- Payment Date: As per regulatory guidelines, to shareholders on record as of the record date.
Management Commentary
Ashok Shah, Chairman & CFO, stated:"Despite the challenging global economic conditions, our profitability has improved, reflecting operational efficiencies and cost management. The Board’s decision to declare an interim dividend underscores our confidence in the company’s financial stability and future growth."
Strategic Outlook
- Operational Focus: Enhancing manufacturing capabilities and expanding the export market.
- Cost Efficiency: Continuous improvements in material procurement and production processes.
- Market Positioning: Leveraging strong domestic and international demand for stainless steel seamless pipes and tubes.
Stock Performance & Investor Insights
Investors are likely to react positively to the interim dividend declaration and steady profit growth, despite revenue challenges. Market participants will closely watch the company’s next quarter performance for revenue recovery.