Mumbai, February 3, 2025 – Tainwala Chemicals and Plastics (India) Limited (BSE: 507785, NSE: TAINWALCHM) announced its unaudited financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights (INR in Lakhs)
Particulars
Q3 FY25 (31-Dec-24)
Q2 FY25 (30-Sep-24)
Q3 FY24 (31-Dec-23)
9M FY25 (31-Dec-24)
9M FY24 (31-Dec-23)
Income from Operations
458.99
497.18
440.41
1,110.86
1,724.15
Total Income
516.12
874.51
491.22
1,624.31
2,368.05
Total Expenses
413.23
517.98
454.28
1,067.98
1,770.77
Profit Before Tax
102.89
356.53
36.94
556.33
597.28
Net Profit
16.36
341.53
26.94
436.80
525.78
Earnings Per Share (EPS) (INR)
0.17
3.65
0.29
4.66
5.61
Quarterly Analysis
Revenue from operations stood at INR 458.99 lakh, a slight decrease from INR 497.18 lakh in Q2 FY25 but a YoY increase from INR 440.41 lakh in Q3 FY24.
Total income fell significantly from Q2 FY25 (INR 874.51 lakh) to Q3 FY25 (INR 516.12 lakh), attributed to lower other income contributions.
Net profit stood at INR 16.36 lakh, marking a decline from INR 341.53 lakh in the previous quarter.
EPS dropped to INR 0.17, reflecting a sharp decline from INR 3.65 in Q2 FY25.
Segment-Wise Performance
Segment
Revenue (INR Lakhs) Q3 FY25
Q2 FY25
Q3 FY24
Plastic Sheets
144.57
70.21
97.60
Tradable Items
314.42
426.97
342.81
Plastic sheets revenue improved significantly QoQ to INR 144.57 lakh from INR 70.21 lakh.
Tradable items revenue declined to INR 314.42 lakh from INR 426.97 lakh in Q2 FY25.
Key Financial Ratios
Ratio
Q3 FY25
Q2 FY25
Q3 FY24
Current Ratio
22.84
4.00
3.48
Debtors Turnover
5.30
3.60
12.82
Inventory Turnover
0.80
0.46
2.77
Net Profit Margin (%)
0.03
0.39
0.27
The current ratio improved significantly to 22.84, suggesting improved liquidity, while net profit margin fell to 0.03%, reflecting the sharp decline in net profit.
Management Commentary
Rakesh Tainwala, Chairman & Director, commented: "While we faced headwinds in Q3 FY25, particularly in the tradable items segment, our plastic sheets segment showed strong growth. We remain committed to operational efficiency and sustainable growth moving forward."
Outlook
The company aims to improve cost efficiency and enhance margins in upcoming quarters.
The focus remains on expanding the plastic sheets segment, which has shown promising growth.
Market conditions and raw material price fluctuations remain key factors to monitor.