Gloster Ltd's Q3FY25 Quarterly Results

Result Summary

• Gloster Ltd reported a 23.1% 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 31.0%.
• Its expenses for the quarter were up by 20.7% QoQ and 32.6% YoY.
• The net profit decreased 124.3% QoQ and decreased 61.9% YoY.
• The earnings per share (EPS) of Gloster Ltd stood at 0.8 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

Gloster Ltd is a company engaged in the manufacturing and sale of jute and allied products. As a key player in the jute industry, the company focuses on providing a range of products that include jute yarns, fabrics, and diversified jute products. The jute industry is significant due to its eco-friendly and biodegradable nature, making it an important sector in sustainable and green product development. Currently, there is no specific information available regarding recent major developments within the company. Gloster Ltd's operations are mainly centered around producing high-quality jute products that cater to both domestic and international markets, thereby contributing to the sustainable materials industry.

Revenue

Gloster Ltd reported a Total Income of ₹184.55 crores in Q3FY25, which represents a 23.1% increase compared to the previous quarter (Q2FY25), where the Total Income was ₹149.88 crores. On a year-over-year basis, the Total Income increased by 31.0% from ₹140.91 crores in Q3FY24. These figures indicate a robust growth in the company's revenue over both the quarterly and annual periods. The increase in Total Income suggests a strong demand for the company's products, or potentially an expansion in its market reach or product offerings. The revenue growth is an important metric reflecting the company's ability to generate sales and maintain its market position in the jute industry.

Profitability

The profitability metrics for Gloster Ltd show a varied performance. The Profit Before Tax for Q3FY25 was ₹4.07 crores, which is a significant increase from ₹0.37 crores in Q2FY25, marking a 1000.0% increase quarter-over-quarter. However, on a year-over-year basis, there was a decline of 14.7% from ₹4.77 crores in Q3FY24. The Tax expense was ₹3.24 crores in Q3FY25, showing a decrease of 14.1% from Q2FY25 and an increase of 25.1% from Q3FY24. The Profit After Tax in Q3FY25 was ₹0.83 crores, a notable recovery from a loss of ₹3.41 crores in Q2FY25, although it reflects a decrease of 61.9% compared to ₹2.18 crores in Q3FY24. Earnings Per Share (EPS) also followed a similar trend, with a value of ₹0.80 in Q3FY25 compared to -₹3.10 in Q2FY25 and ₹2.00 in Q3FY24.

Operating Metrics

Analyzing the operating metrics, Total Expenses for Gloster Ltd in Q3FY25 were ₹180.48 crores, which increased by 20.7% from ₹149.52 crores in Q2FY25, and by 32.6% from ₹136.13 crores in Q3FY24. The increase in Total Expenses both quarter-over-quarter and year-over-year indicates higher operational costs, which could be attributed to various factors such as increased production, raw material costs, or other operational activities. The substantial increase in Profit Before Tax despite rising expenses suggests efficient management or improved operational efficiencies. The earnings metrics like EPS were positive in Q3FY25 after a negative performance in the previous quarter, although they were lower compared to the same quarter last year.