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 (%) | Q3FY23 | Q3FY22 |
| Expense Margin | 95.85% | 95.5% |
| PBT Margin | 4.2% | 4.8% |
| Tax Margin | 1.1% | 1.4% |
| PAT Margin | 3.12% | 3.41% |