Shriram Properties Ltd's Q3FY25 Quarterly Results
- 13 Feb 2025
Result Summary
- Shriram Properties Ltd reported a 16.0% 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 decline of 25.2%.
- Its expenses for the quarter were down by 3.7% QoQ and 28.7% YoY.
- The net profit decreased 1741.8% QoQ and decreased 29.8% YoY.
- The earnings per share (EPS) of Shriram Properties Ltd stood at 0.8 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 179.87 | 155.10 | 240.57 | 16.0% | -25.2% |
Total Expenses | 165.24 | 171.51 | 231.70 | -3.7% | -28.7% |
Profit Before Tax | 14.63 | -16.41 | 8.87 | -189.2% | 64.9% |
Tax | 1.19 | -15.39 | -4.66 | -107.7% | -125.5% |
Profit After Tax | 12.97 | -0.79 | 18.48 | -1741.8% | -29.8% |
Earnings Per Share | 0.80 | -0.10 | 1.10 | -900.0% | -27.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Shriram Properties Ltd is a prominent real estate development company based in India, recognized for its diverse portfolio of residential projects. Operating primarily in the southern part of India, the company focuses on mid-market and affordable housing segments, but it also has interest in premium housing. The company is part of the Shriram Group, which has a significant presence in various sectors including financial services. Shriram Properties has established a reputation for delivering quality projects and has been involved in numerous residential and commercial developments. Information on recent major developments specific to Shriram Properties Ltd is not available within the provided data set.
Revenue
In the third quarter of fiscal year 2025, Shriram Properties Ltd recorded a total income of ₹179.87 crores, marking a 16.0% increase from ₹155.10 crores in the second quarter of fiscal year 2025. However, compared to the same quarter in the previous fiscal year (Q3FY24), the total income reflects a decrease of 25.2% from ₹240.57 crores. This indicates a significant year-over-year decline, despite the quarter-over-quarter growth. The fluctuations in total income are crucial for understanding the company's revenue dynamics over the periods in question.
Profitability
The profitability metrics for Shriram Properties Ltd in Q3FY25 show an improvement in comparison to the previous quarter. The company reported a profit before tax of ₹14.63 crores, a substantial recovery from a loss of ₹16.41 crores in Q2FY25. This marks a dramatic quarter-over-quarter change of -189.2%. Year-over-year, there is a 64.9% increase from ₹8.87 crores in Q3FY24. The profit after tax followed a similar trend, with a positive result of ₹12.97 crores in Q3FY25, compared to a loss of ₹0.79 crores in Q2FY25, and a decrease from ₹18.48 crores in Q3FY24, reflecting a YoY decline of 29.8%. The earnings per share were ₹0.80 in Q3FY25, improved from a negative ₹0.10 in the previous quarter, yet decreased from ₹1.10 in the same quarter the previous year.
Operating Metrics
Total expenses for Shriram Properties Ltd in Q3FY25 were ₹165.24 crores, which is a decrease of 3.7% from ₹171.51 crores in Q2FY25, and a more notable reduction of 28.7% from ₹231.70 crores in Q3FY24. The company's tax expenses were ₹1.19 crores in Q3FY25, which is an increase from a tax credit of ₹15.39 crores in Q2FY25. Compared to the tax credit of ₹4.66 crores in Q3FY24, this represents a significant change. These metrics indicate the company's efforts to manage expenses and the impact of tax on its financial statements over the periods analyzed.