Laxmi Dental Share Price Hits 52-Week Low; PAT Surges 105% in Q3 FY25

Laxmi Dental Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024.

On February 14, 2025, Laxmi Dental share price opened at ₹426.00, up from its previous close of ₹419.90. At 10:15 AM, the share price of Laxmi Dental was trading at ₹410.70, down by 2.19% on the NSE. Notably, the stock price touched its 52-week low at ₹408.60, today.

Laxmi Dental Q3 & 9M FY 2025 Financial Highlights

For the third quarter of FY25, the company reported revenues of ₹616.6 million, marking a 29.0% year-on-year (YoY) growth compared to ₹477.9 million in Q3 FY24. For the nine months ended December 31, 2024, revenues stood at ₹1,784.4 million, reflecting a 28.8% increase from ₹1,385.1 million in the corresponding period of the previous year.

The company’s gross profit for Q3 FY25 was ₹455.7 million, up 32.1% YoY from ₹345.0 million in Q3 FY24. The gross profit margin improved to 73.9% in Q3 FY25 from 72.2% in the previous year. For the nine-month period, gross profit reached ₹1,340.9 million, up 31.0% from ₹1,023.5 million, with a gross profit margin of 75.1%.

EBITDA for Q3 FY25 surged 144.7% YoY to ₹96.1 million, compared to ₹39.3 million in Q3 FY24, with an improved EBITDA margin of 15.6% versus 8.2% in the previous year. For the nine-month period, EBITDA stood at ₹389.7 million, up 167.2% from ₹121.1 million, with a margin expansion to 18.1% from 8.7% in 9M FY24.

The company’s profit after tax (PAT), after accounting for the share of profit/loss from joint ventures, doubled in Q3 FY25 to ₹48.2 million, reflecting a 105.0% YoY increase from ₹23.5 million in Q3 FY24. For the nine months ended December 31, 2024, PAT stood at ₹275.6 million, up 57.3% from ₹175.3 million in the prior year.

Management Commentary 

Commenting on the results, the management stated, “We are pleased to see such an amazing response to our IPO. We thank all the shareholders for reposing their faith in us. We welcome our new shareholders & congratulate all stakeholders for the successful listing. Today, Laxmi Dental has established a leadership position in this space with a comprehensive portfolio of products catering to overall dental care requirements. This enables us to capture a large pie of this sizable and growing market by deepening our existing dental network as well as adding new customers in various geographies. Over the next 3-5 years we expect to continue on this trajectory and grow at a CAGR of 20 to 25%.”

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