Andhra Sugars Ltd's Q3FY25 Quarterly Results

Result Summary

• Andhra Sugars Ltd reported a 3.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.4%.
• Its expenses for the quarter were down by 3.2% QoQ and up 11.9% YoY.
• The net profit decreased 108.3% QoQ and decreased 104.9% YoY.
• The earnings per share (EPS) of Andhra Sugars Ltd stood at 0.1 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Andhra Sugars Ltd is a company primarily engaged in the production and sale of sugar and related products. It operates within the sugar industry, which involves the cultivation of sugarcane and the manufacturing of sugar and other derivatives. In addition to sugar, the company may also produce and sell by-products such as alcohol, chemicals, and fertilizers, which are commonly associated with the sugar production process. As of the latest available data, there have been no significant recent developments reported for the company. Andhra Sugars Ltd continues to operate as a key player in the sugar industry, focusing on maintaining its production efficiency and market presence.

Revenue

For the third quarter of the fiscal year 2025 (Q3FY25), Andhra Sugars Ltd reported a total income of ₹517.00 crores. This represents a decrease of 3.4% compared to the previous quarter (Q2FY25), where the total income was ₹535.04 crores. On a year-over-year basis, the company's total income increased by 12.4% from ₹459.85 crores in the third quarter of the fiscal year 2024 (Q3FY24). This indicates a positive annual growth in revenue, despite the quarter-over-quarter decline. The revenue figures reflect the company's ability to generate income from its operations within the sugar industry, influenced by market conditions and production factors.

Profitability

In terms of profitability, Andhra Sugars Ltd's profit before tax for Q3FY25 was ₹5.64 crores, showing a decline of 29.4% compared to Q2FY25, where it stood at ₹7.99 crores. However, when compared to Q3FY24, there was a significant increase of 45.4% from ₹3.88 crores. The tax expense for Q3FY25 was ₹0.87 crores, marking a decrease of 49.4% from Q2FY25, which was ₹1.72 crores, and a dramatic shift from a negative tax figure of -₹1.40 crores in Q3FY24. The profit after tax turned negative in Q3FY25, recorded at -₹0.42 crores, a decrease from ₹5.03 crores in Q2FY25 and ₹8.64 crores in Q3FY24. This negative profit after tax is reflected in the earnings per share, which fell to ₹0.10 in Q3FY25 from ₹0.30 in Q2FY25 and ₹0.70 in Q3FY24.

Operating Metrics

The operating metrics reveal that Andhra Sugars Ltd's total expenses for Q3FY25 were ₹510.43 crores, which is a reduction of 3.2% from Q2FY25's expenses of ₹527.04 crores. On a year-over-year basis, total expenses increased by 11.9% from ₹455.98 crores in Q3FY24. The decrease in expenses from the previous quarter did not translate into higher profitability due to the overall drop in total income. Despite the reduction in expenses, the company experienced a net loss after tax, impacting the earnings per share. The changes in income and expenses indicate the company's operational challenges and adjustments within the market and production environment during this period.