Zuari Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Zuari Industries Ltd reported a 1.1% 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 40.4%.
• Its expenses for the quarter were up by 0.5% QoQ and 47.9% YoY.
• The net profit increased 70.9% QoQ and decreased 103.5% YoY.
• The earnings per share (EPS) of Zuari Industries Ltd declined at 8.3 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

Zuari Industries Ltd is a prominent player in the agribusiness sector, focusing primarily on the production and distribution of fertilizers. The company offers a range of products including urea, di-ammonium phosphate (DAP), and complex fertilizers, which are crucial for agricultural productivity. Zuari Industries Ltd operates within the broader chemical and fertilizer industry, a sector characterized by its dependence on agricultural cycles and government policies. Recent developments in the company may include strategic partnerships or expansions, though specific events are not detailed in the current dataset.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Zuari Industries Ltd reported a total income of ₹274.07 crores. This reflects a slight decrease of 1.1% from the previous quarter (Q2FY25), where the total income stood at ₹277.17 crores. However, when compared to the same quarter in the previous year (Q3FY24), the total income has shown a significant increase of 40.4%, up from ₹195.22 crores. This year-over-year growth indicates a substantial improvement in revenue performance over the past year.

Profitability

The profitability metrics for Zuari Industries Ltd show a challenging situation in Q3FY25. The company reported a loss before tax of ₹38.68 crores, which is an improvement from the previous quarter’s loss of ₹53.75 crores. However, this marks a stark contrast with Q3FY24 when the company had a profit before tax of ₹797.01 crores. The tax expense for Q3FY25 was ₹1.58 crores, compared to a tax refund of ₹0.17 crores in Q2FY25 and a tax expense of ₹74.06 crores in Q3FY24. The loss after tax amounted to ₹25.24 crores, a deterioration from the previous quarter’s loss of ₹14.77 crores, and a significant decline from the profit after tax of ₹727.97 crores recorded in Q3FY24.

Operating Metrics

Earnings per Share (EPS) for Q3FY25 stood at a negative ₹8.30, indicating a decline in the company’s profitability per share compared to the previous quarter’s EPS of negative ₹4.80. This also represents a drastic decrease from the positive EPS of ₹244.50 recorded in Q3FY24. The quarter-over-quarter change in EPS was -72.9%, while the year-over-year change was -103.4%. Such figures highlight the challenges faced by Zuari Industries Ltd in maintaining profitability amidst fluctuating market conditions. The company’s total expenses increased marginally by 0.5% from ₹311.18 crores in Q2FY25 to ₹312.75 crores in Q3FY25, representing a significant year-over-year increase of 47.9% from ₹211.48 crores in Q3FY24.