Nova Agritech Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Nova Agritech Ltd reported a 6.3% 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 12.6%.
- Its expenses for the quarter were up by 2.2% QoQ and 12.5% YoY.
- The net profit increased 56.0% QoQ and increased 9.5% YoY.
- The earnings per share (EPS) of Nova Agritech Ltd stood at 1.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 88.38 | 83.18 | 78.49 | 6.3% | 12.6% |
Total Expenses | 74.45 | 72.84 | 66.19 | 2.2% | 12.5% |
Profit Before Tax | 13.93 | 10.34 | 12.30 | 34.7% | 13.3% |
Tax | 3.37 | 3.57 | 2.66 | -5.6% | 26.7% |
Profit After Tax | 10.56 | 6.77 | 9.64 | 56.0% | 9.5% |
Earnings Per Share | 1.20 | 0.80 | 1.50 | 50.0% | -20.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Nova Agritech Ltd is a company that operates in the agricultural technology sector, focusing on the development and supply of products designed to enhance agricultural productivity. The company is known for its range of agricultural inputs, which likely include fertilizers, pesticides, and other crop management products. While detailed specifics about Nova Agritech Ltd’s recent developments or product launches are not provided, the company's focus remains on serving the needs of the agricultural industry. Given the importance of agriculture in the economy, Nova Agritech Ltd plays a significant role in supporting farming efficiency and productivity.
Revenue
During Q3FY25, Nova Agritech Ltd reported a total income of ₹88.38 crores, reflecting a quarter-over-quarter (QoQ) growth of 6.3% from Q2FY25's ₹83.18 crores. Year-over-year (YoY), the company experienced a 12.6% increase from the ₹78.49 crores recorded in Q3FY24. This upward trajectory in revenue indicates a robust performance for the quarter under review. The consistent increase in total income suggests that the company has been able to effectively capture market opportunities or expand its operations, contributing to the higher revenue figures.
Profitability
In terms of profitability, Nova Agritech Ltd achieved a profit before tax (PBT) of ₹13.93 crores in Q3FY25, which is a significant increase of 34.7% compared to the ₹10.34 crores reported in Q2FY25, and a 13.3% increase YoY from ₹12.30 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 stood at ₹10.56 crores, marking a QoQ surge of 56.0% from Q2FY25's ₹6.77 crores and a YoY growth of 9.5% from ₹9.64 crores in Q3FY24. The tax expense for the quarter decreased by 5.6% QoQ to ₹3.37 crores from ₹3.57 crores, yet it saw a YoY increase of 26.7% from ₹2.66 crores. These figures illustrate the company's ability to enhance its profitability over both the previous quarter and the same quarter of the previous year.
Operating Metrics
Earnings Per Share (EPS) for Nova Agritech Ltd in Q3FY25 was reported at ₹1.20, which represents a 50.0% increase from the ₹0.80 recorded in the previous quarter, Q2FY25. However, compared to the previous year’s Q3FY24 figure of ₹1.50, there is a decline of 20.0%. This decrease in EPS YoY, despite the increase in PAT, might reflect changes in the number of shares outstanding or other financial adjustments. The rise in total expenses to ₹74.45 crores in Q3FY25, up by 2.2% QoQ from ₹72.84 crores and 12.5% YoY from ₹66.19 crores, highlights an increase in operating costs. Despite the higher expenses, the company has managed to improve its profitability metrics, as reflected in the increased PAT and EPS on a quarterly basis.
