Everest Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Everest Industries Ltd reported a 1.7% 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 4.5%.
• Its expenses for the quarter were down by 0.3% QoQ and up 10.5% YoY.
• The net profit increased 32.6% QoQ and decreased 2011.1% YoY.
• The earnings per share (EPS) of Everest Industries Ltd declined at 9.8 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

Everest Industries Ltd is a company that operates within the building materials sector, primarily known for its production and supply of roofing, ceiling, wall, flooring, and cladding products. The company has established a significant presence in the Indian market with a focus on providing innovative and sustainable solutions for the construction industry. Everest Industries Ltd offers products such as fiber cement boards and panels, which are widely used in commercial, industrial, and residential construction projects. The company is also recognized for its efforts in enhancing energy efficiency and sustainability through its product offerings. Recent developments around the company have not been specified, but its ongoing commitment to quality and innovation remains a cornerstone of its operations.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Everest Industries Ltd reported a total income of ₹372.27 crores. This figure represents a slight decline of 1.7% from the previous quarter (Q2FY25), where the company recorded a total income of ₹378.88 crores. However, when compared to the same quarter in the previous year (Q3FY24), there is a growth of 4.5% from ₹356.12 crores. This year-over-year increase indicates a broader trend of revenue growth over the past year, despite the quarter-over-quarter decline. The company’s revenue performance reflects changes in market demand and the competitive dynamics of the building materials industry.

Profitability

The financial performance of Everest Industries Ltd in terms of profitability for Q3FY25 presents a challenging picture. The company reported a loss before tax of ₹19.85 crores, an increase in loss compared to the previous quarter’s loss before tax of ₹14.52 crores. This represents a quarter-over-quarter increase in loss of 36.7%. Year-over-year, the change is more dramatic, as the company had a profit before tax of ₹1.14 crores in Q3FY24, indicating a significant downturn in profitability. The profit after tax for Q3FY25 was a loss of ₹15.48 crores, which is a deterioration from both Q2FY25’s loss of ₹11.67 crores and Q3FY24’s profit of ₹0.81 crores. The earnings per share (EPS) in Q3FY25 were negative at ₹-9.80, which marks a further decline from both the previous quarter’s EPS of ₹-7.40 and the positive EPS of ₹0.50 in Q3FY24.

Operating Metrics

The total expenses for Everest Industries Ltd in Q3FY25 were ₹392.12 crores, a marginal decrease of 0.3% from ₹393.41 crores in Q2FY25. However, compared to Q3FY24, total expenses have increased by 10.5% from ₹354.98 crores. This indicates an upward trend in operational costs over the year. The tax expenses in Q3FY25 were negative at ₹-4.37 crores, which is higher than the negative tax of ₹-2.85 crores in the previous quarter and a significant change from the positive tax of ₹0.33 crores in the same quarter last year. These financial metrics highlight the company’s current operational challenges and the impact of increased expenses on its overall financial health.