TIL Ltd's Q3FY25 Quarterly Results

Result Summary

• TIL Ltd reported a 14.4% 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 557.0%.
• Its expenses for the quarter were up by 15.5% QoQ and 152.7% YoY.
• The net profit increased 72.9% QoQ and decreased 103.5% YoY.
• The earnings per share (EPS) of TIL Ltd declined at 0.6 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

TIL Ltd is a company engaged in the manufacturing and distribution of heavy machinery and equipment. It operates primarily within the industrial sector, focusing on providing solutions that cater to infrastructure development and logistics. The company is known for its range of cranes, material handling equipment, and road construction machines. As of the latest updates available till October 2023, there have been no significant publicized developments or changes in the company's operations or strategic direction. The current analysis is based solely on the available financial data for the third quarter of fiscal year 2025 (Q3FY25).

Revenue

In the third quarter of fiscal year 2025, TIL Ltd reported a total income of ₹82.98 crores. This represents a 14.4% increase from the previous quarter (Q2FY25), where the total income was ₹72.52 crores. When compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹12.63 crores, there is a significant year-over-year growth of 557.0%. The increase in revenue can be attributed to various factors, including market demand and the company's operational strategies, although specific reasons are not detailed in the provided data.

Profitability

The company's profitability metrics for Q3FY25 indicate a loss, with a reported Profit Before Tax (PBT) of ₹-3.51 crores. This is a decline from the ₹-2.36 crores reported in the previous quarter, reflecting a quarter-over-quarter decrease of 48.7%. When compared to the third quarter of the previous fiscal year (Q3FY24), where the PBT was ₹118.30 crores, there is a year-over-year decline of 103.0%. The Profit After Tax (PAT) also experienced a similar trend, with a reported loss of ₹-3.70 crores in Q3FY25, compared to a loss of ₹-2.14 crores in Q2FY25 and a profit of ₹104.71 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹-0.60, which is lower than the ₹-0.30 in Q2FY25 and significantly below the ₹104.40 in Q3FY24.

Operating Metrics

The total expenses for TIL Ltd in Q3FY25 were reported at ₹86.49 crores, marking a 15.5% increase from ₹74.88 crores in the previous quarter. Compared to the same quarter in the prior fiscal year, where expenses were ₹34.23 crores, there is a year-over-year increase of 152.7%. The tax expense for the third quarter of fiscal year 2025 was reported at ₹0.19 crores, a reversal from a tax credit of ₹-0.22 crores in the previous quarter and significantly lower than the ₹13.59 crores tax expense in Q3FY24. These figures indicate shifts in the company's tax obligations and expense management strategies over the quarters.