Q3FY2025 Results of NCL Buildtek

Document Summary

Here's a comprehensive summary of the NCL Buildtek Ltd. document:

Overview

The document presents the standalone and consolidated unaudited financial results of NCL Buildtek Ltd. (formerly NCL Alltek & Seccolor Ltd.) for the quarter ended December 31, 2024, with comparative figures for the quarter ended September 30, 2024, the quarter ended December 31, 2023, and the year ended March 31, 2024. The document also includes segment-wise revenue, results, assets, and liabilities. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 14, 2025. The financial statements have been subjected to a limited review by the Statutory Auditors and are prepared in accordance with Indian Accounting Standards (INDAS).

Financial Performance (Standalone)

• Revenue: Total revenue increased from ₹9,740.17 Lakh in Q3 2023 to ₹9,707.90 Lakh in Q3 2024. Revenue from operations increased to ₹9,692.31 Lakh from ₹9,673.59 Lakh.
• Expenses: Total expenses slightly increased to ₹9,774.87 Lakh from ₹9,519.94 Lakh.
• Profit/Loss: A loss before exceptional/extraordinary items of ₹66.97 Lakh was recorded compared to a profit of ₹220.23 Lakh in the previous quarter. Including exceptional/extraordinary items, there was a profit before tax of ₹6,981.13 Lakh, which dropped after tax to ₹5,747.32 Lakh for the period.
• Tax Expense: Total tax expense resulted in an expense of ₹1,233.81 Lakh.
• Earnings Per Share: Earnings per share, excluding exceptional items, resulted in a loss of ₹2.53. Including exceptional items, earnings per share reached ₹49.68.

Financial Performance (Consolidated)

• Revenue: Total consolidated revenue decreased slightly from ₹9,699.25 Lakh to ₹9,699.36 Lakh.
• Expenses: Total expenses increased to ₹9,759.51 Lakh from ₹9,504.43 Lakh.
• Profit/Loss: Profit before exceptional/extraordinary items was a loss of ₹60.15 Lakh, which turned into a profit of ₹3,936.19 Lakh before tax.
• Tax Expense: A tax expense of ₹1,234.37 Lakh was recorded.
• Earnings Per Share: Earnings per share resulted in a loss of ₹2.53 Lakh excluding exceptional items and a profit of ₹23.30 Lakh including exceptional items.

Segment-Wise Performance (Consolidated)

• Revenue: The major revenue contributors are Windoors (₹4,715.39 Lakh), Walls (₹2,494.70 Lakh), and Coatings (₹2,482.21 Lakh).
• Results: Coatings contributed ₹271.11 Lakh, and Windoors contributed ₹78.23 Lakh in profit. Walls, however, resulted in a loss of ₹38.52 Lakh.
• Assets: Windoors hold the most segment assets at ₹31,073.81 Lakh.
• Liabilities: Windoors also hold the most segment liabilities at ₹12,374.61 Lakh.

Other Key Points & Notes

• The consolidated results include those of NCL Buildtek Ltd. and NCL ASL Services Ltd.
• Segment information is presented as per Ind AS 108. The main business segments are Windoors, Coatings, Walls, and Services (fabrication and installation).
• The company expects to recover the carrying amount of its receivables, inventories, and other current assets.
• Disinvestment in NCL Veka Pvt Ltd: The company received ₹86.48 crores from the sale of its investment in NCL Veka Pvt. Ltd., following an arbitral award. The payment was received on December 20, 2024, and appropriately recorded.
• Previous year figures have been regrouped/reclassified to conform to the current period's presentation where necessary.