Consolidated Construction Consortium Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Consolidated Construction Consortium Ltd reported a 52.3% 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 96.9%.
- Its expenses for the quarter were up by 14.2% QoQ and down 87.1% YoY.
- The net profit decreased 125.6% QoQ and decreased 98.1% YoY.
- The earnings per share (EPS) of Consolidated Construction Consortium Ltd declined at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 91.08 | 59.81 | 46.25 | 52.3% | 96.9% |
Total Expenses | 85.55 | 74.88 | 664.01 | 14.2% | -87.1% |
Profit Before Tax | 5.53 | 46.08 | -617.75 | -88.0% | -100.9% |
Tax | 17.32 | 0.00 | 0.00 | - | - |
Profit After Tax | -11.79 | 46.08 | -617.75 | -125.6% | -98.1% |
Earnings Per Share | -0.30 | 1.20 | -15.50 | -125.0% | -98.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Consolidated Construction Consortium Ltd is a prominent player in the construction industry, primarily providing services in the areas of design, engineering, procurement, and project management. The company is involved in constructing a wide range of infrastructure projects, including commercial buildings, industrial units, and residential complexes. Known for its comprehensive solutions, the company caters to a diverse clientele, focusing on delivering high-quality, timely, and sustainable construction projects. As of the latest data, there are no specific major developments available for the company.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Consolidated Construction Consortium Ltd reported a total income of ₹91.08 crores. This represents a significant increase of 52.3% compared to the previous quarter (Q2FY25), where the total income was ₹59.81 crores. Year-over-year, the company's total income surged by 96.9% from ₹46.25 crores in Q3FY24. These substantial increases in revenue indicate a positive trend in the company's ability to generate income over both the short and long term, reflecting enhanced business activities or improved market conditions.
Profitability
In Q3FY25, the company's profit before tax stood at ₹5.53 crores, which was a sharp decline of 88.0% from ₹46.08 crores in the previous quarter. Comparatively, the company had a negative profit before tax of ₹-617.75 crores in Q3FY24, which highlights a considerable improvement year-over-year. However, the tax expense in Q3FY25 was ₹17.32 crores, resulting in a net loss of ₹-11.79 crores after tax. This is a significant deterioration from the previous quarter's profit after tax of ₹46.08 crores, marking a QoQ decrease of 125.6%. The earnings per share (EPS) followed the same trend, declining from ₹1.20 in Q2FY25 to ₹-0.30 in the current quarter, and showing an improvement from the previous year's Q3FY24 EPS of ₹-15.50.
Operating Metrics
The company's total expenses in Q3FY25 were ₹85.55 crores, which represents an increase of 14.2% from the previous quarter's expenses of ₹74.88 crores. Nonetheless, this is a drastic reduction from the expenses of ₹664.01 crores recorded in Q3FY24, demonstrating an 87.1% year-over-year decrease. The company's operational efficiency appears to have improved significantly over the year, as indicated by the substantial drop in expenses. However, the increase in expenses from the previous quarter suggests that there might have been additional costs incurred, possibly related to increased project activities or other operational factors.
