Mcleod Russel India Ltd's Q3FY25 Quarterly Results

Result Summary

• Mcleod Russel India Ltd reported a 18.0% 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 6.5%.
• Its expenses for the quarter were up by 32.2% QoQ and 4.8% YoY.
• The net profit decreased 203.3% QoQ and increased 6.9% YoY.
• The earnings per share (EPS) of Mcleod Russel India Ltd declined at 8.3 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

Mcleod Russel India Ltd is primarily engaged in the production and sale of tea. It is a part of the Williamson Magor Group and is recognized as one of the largest tea producers globally. The company operates in the agriculture sector, focusing on the cultivation and processing of tea leaves, which are then sold domestically and internationally. The company has a significant presence in the tea industry, which is subject to seasonal fluctuations and climatic conditions affecting production levels. As of the latest data available, no specific recent major developments have been highlighted.

Revenue

During the third quarter of the fiscal year 2025, Mcleod Russel India Ltd reported a total income of ₹371.77 crores. This represents a decline of 18.0% compared to the previous quarter's total income of ₹453.48 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income shows an increase of 6.5%, where the income was ₹348.92 crores. The quarterly variation indicates a significant reduction in revenue on a sequential basis, while the year-over-year comparison demonstrates a moderate increase. These variations might reflect changes in market demand or other operational factors affecting the company's revenue generation.

Profitability

The profitability metrics for Mcleod Russel India Ltd in Q3FY25 reflect a challenging period. The company recorded a loss before tax of ₹102.31 crores, marking a substantial shift from a profit of ₹94.80 crores reported in Q2FY25. This represents a quarter-over-quarter decline of 207.9%. Compared to the same quarter last year, when the company experienced a loss before tax of ₹98.30 crores, the loss increased by 4.1%. The profit after tax for Q3FY25 was also negative, at ₹87.33 crores, compared to a profit of ₹84.54 crores in the previous quarter, indicating a drop of 203.3%. Year-over-year, this metric shows a 6.9% increase in losses, as the profit after tax was ₹81.67 crores in Q3FY24. The company's earnings per share also reflect this trend, with a negative value of ₹8.30 in Q3FY25, compared to ₹8.10 in Q2FY25 and -₹7.80 in Q3FY24.

Operating Metrics

The total expenses for Mcleod Russel India Ltd in Q3FY25 were ₹474.08 crores, which shows an increase of 32.2% from ₹358.68 crores in the previous quarter. Compared to Q3FY24, when total expenses stood at ₹452.22 crores, there is a minor increase of 4.8%. The tax component for Q3FY25 was a negative ₹14.98 crores, contrasting with a positive ₹10.26 crores in Q2FY25, reflecting a quarter-over-quarter decrease of 246.0%. Year-over-year, the tax expense shows a decrease of 9.9% from a negative ₹16.63 crores in Q3FY24. These figures highlight significant quarterly variations in operating expenses and tax liabilities, which are crucial for understanding the financial dynamics and cash flow management within the company.