Categories AlphaGraphs, Earnings, Industrials, Trending Stocks

Pondy Oxides and Chemicals Q3FY23; 24% Growth in Revenues QoQ

Pondy Oxides reported a QoQ rise in its revenues of 24 percent. On a yearly basis, it reported a 18% drop in the net profit from ₹ 1,413 lakhs in Q3FY22 to ₹ 1,163 lakhs in Q3FY23. This happened on account of 10% fall in the total revenue of the company to ₹ 37,264 lakhs on an YoY basis. The company has managed to bounce back and provide improved financial performance compared to the previous quarter.

Financial Performance Ratios:

The PAT Margin in Q3FY23 has decreased to 3.12% from 3.41% in Q3FY22. The decrease in profitability margins can be partly contributed to rise in expense margins. Total Expenses as % of Revenues from Operations in Q3FY22 was 95.5% while in Q3FY23 it has increased to 95.85%. On an YoY basis, the decrease in PBT were marginally higher compared to PAT. This is due to the improvement in the Tax Margin (Total Tax Expenses as % of Revenues from Operations) of the company which has been brought down from 1.4% in Q3FY22 to 1.1% in Q3FY23. All margins are presented below in a tabular form:

Financial Margins Q3FY23 vs Q3FY22 (%)Q3FY23Q3FY22
Expense Margin95.85%95.5%
PBT Margin4.2%4.8%
Tax Margin1.1%1.4%
PAT Margin3.12%3.41%

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