Mumbai, India – January 28, 2025: Thirumalai Chemicals Limited (NSE: TIRUMALCHM, BSE: 500412) has announced its unaudited standalone and consolidated financial results for Q3 FY2024-25, posting a revenue of ₹498.26 crore and a net loss of ₹11.72 crore. The Board also approved a ₹700 crore fundraising to support capex and growth initiatives.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹498.26 crore (YoY increase of 5.6% from ₹471.70 crore)
- Total Income: ₹503.54 crore
- Profit Before Tax (PBT): ₹(-11.72) crore (YoY decline from ₹(-1.14) crore)
- Net Profit (PAT): ₹(-18.45) crore (YoY decline from ₹0.38 crore)
- Earnings Per Share (EPS): ₹(-0.83).
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹1,578.60 crore (YoY increase of 5.5% from ₹1,491.21 crore)
- Profit Before Tax (PBT): ₹59.49 crore
- Net Profit (PAT): ₹44.70 crore
- Earnings Per Share (EPS): ₹4.37 per share.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Total Revenue: ₹446.65 crore (YoY decline of 9.2% from ₹491.90 crore)
- Profit Before Tax (PBT): ₹(-49.91) crore
- Net Profit (PAT): ₹(-42.02) crore
- Earnings Per Share (EPS): ₹(-4.10) per share.
Strategic Developments & Key Announcements
- ₹700 Crore Fundraising Plan Approved:
- Issuance of equity shares, debentures, non-convertible securities, or other instruments.
- Funds to be used for capex, debt reduction, and corporate expansion.
- Increase in Authorized Capital & Borrowing Limits:
- Enhancing capital structure to accommodate the fundraising initiative.
- Appointment of New Company Secretary:
- Mr. R. Pramod Kumar was appointed as Company Secretary & Compliance Officer.
Management Commentary
Thirumalai Chemicals' Board of Directors stated:"Despite challenging market conditions, our strategic fundraising will support long-term growth and operational efficiency. We remain focused on cost optimization and capacity expansion.".
Market Outlook & Investor Takeaways
- Expansion plans are expected to drive future revenue growth and profitability.
- Fundraising initiative to support debt reduction and new investments.
- Continued focus on improving financial stability amid global demand fluctuations.