Aakhir kya hua Q3 mein? Paisa kamaya ya khoya?
Sandur Manganese ne apne Q3 FY25 ke results announce kar diye hain aur numbers thode mile-jule hain. Standalone level par dekha jaaye toh revenue 0.35% badhkar ₹48,337 lakh ho gaya, par profit 14.8% gir gaya, jo ₹12,675 lakh se ₹10,786 lakh par aa gaya. Consolidated basis par revenue toh 27.04% ki toofani tezi se ₹1,20,931 lakh tak pahunch gaya, lekin consolidated profit 15.7% neeche ₹11,583 lakh par aa gaya, jo pichhle saal ₹13,748 lakh tha.
Iska asar margins par bhi dikh raha hai. Operating margins 21.09% se gir kar seedha 16.25% par aa gaye hain. Is quarter mein ek 'Exceptional Item' bhi tha, jisme Labour Codes ke wajah se gratuity aur leave liabilities ka estimated ₹3,227 lakh (consolidated) aur ₹1,889 lakh (standalone) ka impact dikhaya gaya hai. Iske bina dekhein toh numbers shayad alag dikhte.
9 Mahine ka Performance Kaisa Raha?
Par agar last 9 mahine (9MFY25) ki baat karein toh performance kafi acha hai. Consolidated revenue 102.7% badhkar ₹3,67,703 lakh ho gaya aur consolidated PAT bhi 34.3% growth dikha kar ₹42,179 lakh par pahunch gaya.
Aage Ka Plan Aur Kuch Risks
Company apne ₹42,300 lakh ke listed secured NCDs ko internal accruals se jaldi redeem karne ka plan bana rahi hai. Ye ek positive sign hai, jo dikhata hai ki company ke paas cash generation capabilities hain. Lekin, standalone aur consolidated dono mein current ratio pichhle saal ke comparison mein kam hua hai, jo short-term liquidity ke liye thoda concern wala point hai.
Management ne is baar koi specific future guidance nahi di hai, matlab aage kya hone wala hai iska clear picture nahi diya. Margins ka kam hona aur liquidity ka thoda tight hona investors ke liye dekhne wali baat hai.