Tolins Tyres Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Tolins Tyres Ltd reported a 7.9% 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 4.9%.
- Its expenses for the quarter were down by 10.0% QoQ and 2.9% YoY.
- The net profit increased 13.4% QoQ and increased 105.1% YoY.
- The earnings per share (EPS) of Tolins Tyres Ltd stood at 3.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 70.94 | 76.99 | 67.65 | -7.9% | 4.9% |
Total Expenses | 58.35 | 64.83 | 60.09 | -10.0% | -2.9% |
Profit Before Tax | 12.59 | 12.16 | 7.56 | 3.5% | 66.5% |
Tax | 1.70 | 2.56 | 2.24 | -33.6% | -24.1% |
Profit After Tax | 10.89 | 9.60 | 5.31 | 13.4% | 105.1% |
Earnings Per Share | 3.60 | 3.20 | 0.00 | 12.5% | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Tolins Tyres Ltd is a company operating in the tyre manufacturing industry. The company is known for producing a range of tyre products, catering primarily to various segments within the automotive sector. Tolins Tyres Ltd has established a presence in the market through its focus on quality and durability in its tyre offerings. While specific recent developments for the company are not provided in the data, the tyre industry often experiences trends driven by factors such as technological advancements in tyre manufacturing, fluctuating raw material costs, and changes in automotive production and sales.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Tolins Tyres Ltd reported a total income of ₹70.94 crores. This marks a decrease of 7.9% compared to the previous quarter (Q2FY25), where total income was ₹76.99 crores. However, when compared to the same quarter of the previous year (Q3FY24), there is an increase of 4.9%, as the total income for Q3FY24 was ₹67.65 crores. These figures illustrate the company's revenue fluctuations over the periods in question.
Profitability
For Q3FY25, Tolins Tyres Ltd's profit before tax stood at ₹12.59 crores, showing a quarter-over-quarter increase of 3.5% from ₹12.16 crores in Q2FY25. Year-over-year, this reflects a substantial rise of 66.5% from ₹7.56 crores in Q3FY24. The tax expense for Q3FY25 amounted to ₹1.70 crores, which is a decrease of 33.6% from the previous quarter and a reduction of 24.1% from the same quarter last year. Consequently, the profit after tax for Q3FY25 was ₹10.89 crores, a 13.4% increase from ₹9.60 crores in Q2FY25 and a significant 105.1% growth from ₹5.31 crores in Q3FY24. Earnings per share for Q3FY25 were ₹3.60, up from ₹3.20 in the prior quarter.
Operating Metrics
Total expenses for Tolins Tyres Ltd in Q3FY25 were reported at ₹58.35 crores, reflecting a decrease of 10.0% from ₹64.83 crores in Q2FY25 and a decrease of 2.9% when compared to ₹60.09 crores in Q3FY24. This indicates a reduction in operating expenses over both the quarter and year periods. The decline in expenses coupled with revenue figures suggest movements in operational efficiency and cost management strategies employed by the company during this period.
