Global Surfaces Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Global Surfaces Ltd reported a 7.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 25.9%.
- Its expenses for the quarter were up by 13.6% QoQ and 65.6% YoY.
- The net profit increased 68.1% QoQ and decreased 405.6% YoY.
- The earnings per share (EPS) of Global Surfaces Ltd declined at 2.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 51.45 | 48.01 | 40.85 | 7.2% | 25.9% |
Total Expenses | 60.21 | 53.00 | 36.36 | 13.6% | 65.6% |
Profit Before Tax | -8.76 | -4.99 | 4.50 | 75.6% | -294.7% |
Tax | 1.66 | 1.21 | 1.09 | 37.2% | 52.3% |
Profit After Tax | -10.42 | -6.20 | 3.41 | 68.1% | -405.6% |
Earnings Per Share | -2.50 | -1.50 | 0.80 | 66.7% | -412.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Global Surfaces Ltd is a company that specializes in the production and distribution of high-quality surface materials. The company operates within the construction and interior design industry, supplying a range of products such as engineered stone, natural stone, and other surface solutions. These products are primarily used in residential and commercial buildings for flooring, countertops, and decorative surfaces. While specific recent developments about Global Surfaces Ltd are not provided in the data, the company has historically focused on expanding its product offerings and enhancing its production capabilities to meet the growing demands of the construction sector.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Global Surfaces Ltd reported a total income of ₹51.45 crores, reflecting a quarter-over-quarter (QoQ) increase of 7.2% from ₹48.01 crores in Q2FY25. This also represents a year-over-year (YoY) growth of 25.9% compared to ₹40.85 crores in Q3FY24. The consistent growth in total income over the past year suggests a positive trajectory in the company's revenue generation capabilities, possibly driven by increased demand for its surface materials or expansion into new markets.
Profitability
The profitability metrics for Global Surfaces Ltd in Q3FY25 show a decline in performance compared to previous periods. The company recorded a loss before tax of ₹8.76 crores, which is a significant increase in losses from ₹4.99 crores in Q2FY25, marking a 75.6% QoQ increase in negative profitability. Compared to Q3FY24, where a profit before tax of ₹4.50 crores was recorded, the YoY change is -294.7%. The profit after tax for Q3FY25 stands at a loss of ₹10.42 crores, compared to a loss of ₹6.20 crores in the previous quarter and a profit of ₹3.41 crores in the same quarter last year. This results in a YoY decline of -405.6% and a QoQ increase in losses by 68.1%. The earnings per share (EPS) also reflect this trend, with a value of -₹2.50 in Q3FY25, compared to -₹1.50 in Q2FY25 and ₹0.80 in Q3FY24.
Operating Metrics
The operating expenses for Global Surfaces Ltd have increased significantly, with total expenses reaching ₹60.21 crores in Q3FY25, up 13.6% QoQ from ₹53.00 crores in Q2FY25, and an alarming 65.6% YoY increase from ₹36.36 crores in Q3FY24. This substantial rise in expenses is a critical factor affecting the company’s profitability. The tax expenses also increased, amounting to ₹1.66 crores in Q3FY25 from ₹1.21 crores in Q2FY25, and ₹1.09 crores in Q3FY24, reflecting increases of 37.2% QoQ and 52.3% YoY. These financial metrics indicate a challenging operating environment for the company, with costs rising at a pace that exceeds revenue growth, thereby impacting the overall financial performance.
