Gravita India Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Gravita India Ltd reported a 5.9% 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 32.6%.
- Its expenses for the quarter were up by 6.0% QoQ and 33.8% YoY.
- The net profit increased 8.5% QoQ and increased 27.0% YoY.
- The earnings per share (EPS) of Gravita India Ltd stood at 11.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1025.28 | 967.78 | 773.21 | 5.9% | 32.6% |
Total Expenses | 936.17 | 883.06 | 699.44 | 6.0% | 33.8% |
Profit Before Tax | 89.11 | 84.72 | 73.77 | 5.2% | 20.8% |
Tax | 11.05 | 12.80 | 12.30 | -13.7% | -10.2% |
Profit After Tax | 78.06 | 71.92 | 61.47 | 8.5% | 27.0% |
Earnings Per Share | 11.30 | 10.70 | 8.70 | 5.6% | 29.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Gravita India Ltd is known for its operations in the recycling industry, primarily focusing on lead recycling. It also deals with aluminum, plastic, and rubber recycling, offering a range of eco-friendly recycled products. The company serves both domestic and international markets, contributing to sustainable environmental practices. As of the most recent updates, there is no specific information available about any major developments affecting the company. However, Gravita India Ltd continues to enhance its recycling capabilities and expand its reach in the industry.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Gravita India Ltd reported total income of ₹1025.28 crores. This figure represents a quarter-over-quarter (QoQ) increase of 5.9% from the previous quarter, where the total income was ₹967.78 crores. Compared to the same quarter of the previous fiscal year (Q3FY24), where the total income stood at ₹773.21 crores, there is a year-over-year (YoY) growth of 32.6%. This substantial YoY growth highlights a strong increase in the company's revenue generation capabilities within the year.
Profitability
Gravita India Ltd's profitability metrics for Q3FY25 show a profit before tax of ₹89.11 crores, which marks a QoQ increase of 5.2% from ₹84.72 crores in Q2FY25. YoY, the profit before tax rose by 20.8% from ₹73.77 crores in Q3FY24. The profit after tax for the same period was ₹78.06 crores, reflecting an 8.5% increase QoQ from ₹71.92 crores in Q2FY25, and a 27.0% rise YoY from ₹61.47 crores in Q3FY24. The company's earnings per share (EPS) also improved, reaching ₹11.30, up 5.6% QoQ and 29.9% YoY.
Operating Metrics
The total expenses for Gravita India Ltd in Q3FY25 were ₹936.17 crores, which is a 6.0% increase from ₹883.06 crores in Q2FY25. On a YoY basis, total expenses grew by 33.8% from ₹699.44 crores in Q3FY24. The tax expenses for Q3FY25 were ₹11.05 crores, showing a decrease of 13.7% QoQ from ₹12.80 crores in Q2FY25, and a reduction of 10.2% YoY from ₹12.30 crores in Q3FY24. These figures suggest a consistent management of operational costs relative to revenue growth over the quarters.
