Veedol Corporation Ltd's Q3FY25 Quarterly Results
- 06 Feb 2025
Result Summary
- Veedol Corporation Ltd reported a 1.6% 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 2.7%.
- Its expenses for the quarter were up by 2.9% QoQ and down 1.6% YoY.
- The net profit increased 7.9% QoQ and increased 11.3% YoY.
- The earnings per share (EPS) of Veedol Corporation Ltd stood at 22 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 487.14 | 479.60 | 500.43 | 1.6% | -2.7% |
Total Expenses | 452.17 | 439.55 | 459.58 | 2.9% | -1.6% |
Profit Before Tax | 28.41 | 40.05 | 40.85 | -29.1% | -30.5% |
Tax | -0.38 | 11.48 | 11.03 | -103.3% | -103.4% |
Profit After Tax | 37.34 | 34.60 | 33.56 | 7.9% | 11.3% |
Earnings Per Share | 22.00 | 20.40 | 19.80 | 7.8% | 11.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Veedol Corporation Ltd operates within the [insert industry based on available knowledge], focusing on the production and distribution of [insert main products or services based on available knowledge]. The company has maintained a steady presence in its industry, although specific recent developments are not available in the provided data. Veedol Corporation Ltd has been navigating through various market dynamics, and its financial performance in the current quarter reflects its operational strategies and market conditions.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Veedol Corporation Ltd reported a total income of ₹487.14 crores. This marks a 1.6% increase from the previous quarter (Q2FY25), where the total income was ₹479.60 crores. However, when compared to the same quarter last year (Q3FY24), which reported a total income of ₹500.43 crores, there is a decline of 2.7%. The quarterly increase suggests growth over the past three months, while the year-over-year comparison indicates a slight reduction in income relative to the previous year.
Profitability
During Q3FY25, Veedol Corporation Ltd's profit before tax was ₹28.41 crores, showing a significant decrease of 29.1% from the previous quarter's ₹40.05 crores. Compared to Q3FY24, where the profit before tax was ₹40.85 crores, there is a 30.5% decline. Interestingly, the tax reported for Q3FY25 was negative at -₹0.38 crores, a notable change from Q2FY25's ₹11.48 crores and Q3FY24's ₹11.03 crores. As a result, the profit after tax for Q3FY25 stood at ₹37.34 crores, up by 7.9% QoQ from ₹34.60 crores and 11.3% YoY from ₹33.56 crores. Earnings per Share (EPS) also increased to ₹22.00 from ₹20.40 in Q2FY25 and ₹19.80 in Q3FY24, reflecting a growth of 7.8% QoQ and 11.1% YoY.
Operating Metrics
The company incurred total expenses of ₹452.17 crores in Q3FY25, representing an increase of 2.9% from ₹439.55 crores in Q2FY25 but a slight decrease of 1.6% from ₹459.58 crores in Q3FY24. The fluctuation in expenses alongside the revenue changes provides insight into the company's operational management. The discrepancy between profit before tax and profit after tax, coupled with the reported negative tax, is a key area of interest for further exploration, particularly in understanding the impact of exceptional items or adjustments on the reported figures.