Eldeco Housing & Industries Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Eldeco Housing & Industries Ltd reported a 4.8% 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 55.4%.
- Its expenses for the quarter were up by 0.4% QoQ and 120.2% YoY.
- The net profit increased 27.9% QoQ and decreased 28.9% YoY.
- The earnings per share (EPS) of Eldeco Housing & Industries Ltd stood at 5.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 38.13 | 36.38 | 24.53 | 4.8% | 55.4% |
Total Expenses | 30.08 | 29.95 | 13.66 | 0.4% | 120.2% |
Profit Before Tax | 8.04 | 6.44 | 10.88 | 24.8% | -26.1% |
Tax | 2.27 | 1.93 | 2.76 | 17.6% | -17.8% |
Profit After Tax | 5.77 | 4.51 | 8.12 | 27.9% | -28.9% |
Earnings Per Share | 5.90 | 4.60 | 8.30 | 28.3% | -28.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Eldeco Housing & Industries Ltd is a company engaged in the real estate sector. The company primarily focuses on the development and sale of residential and commercial properties. Eldeco Housing has established a reputation for timely delivery and quality construction in the real estate industry. The company operates predominantly in India and has been involved in various real estate projects across multiple cities. As of the latest updates, there are no specific major developments or changes in the company's business model or operations that have been publicly disclosed.
Revenue
For the quarter ending in Q3FY25, Eldeco Housing & Industries Ltd reported a total income of ₹38.13 crores. This represents a quarter-over-quarter (QoQ) increase of 4.8% from ₹36.38 crores in Q2FY25. Year-over-year (YoY), the company experienced a significant increase of 55.4% compared to ₹24.53 crores in Q3FY24. The growth in total income suggests an expansion in sales or an increase in the company’s revenue-generating activities within the real estate sector during this period.
Profitability
Eldeco Housing & Industries Ltd's profit before tax for Q3FY25 stood at ₹8.04 crores. This is a 24.8% increase from the previous quarter's figure of ₹6.44 crores (Q2FY25). However, when compared to Q3FY24, which recorded a profit before tax of ₹10.88 crores, there is a YoY decline of 26.1%. The profit after tax for Q3FY25 was ₹5.77 crores, marking a 27.9% increase from ₹4.51 crores in Q2FY25, but a 28.9% decrease from ₹8.12 crores in Q3FY24. The earnings per share (EPS) for the current quarter was ₹5.90, up from ₹4.60 in the previous quarter, yet down from ₹8.30 in Q3FY24, indicating similar trends in profitability metrics.
Operating Metrics
The company's total expenses for Q3FY25 amounted to ₹30.08 crores, showing a slight quarter-over-quarter increase of 0.4% from ₹29.95 crores in Q2FY25. The year-over-year comparison reveals a substantial increase of 120.2% from ₹13.66 crores in Q3FY24. The tax expense for Q3FY25 was ₹2.27 crores, which reflects a 17.6% rise from the previous quarter's tax of ₹1.93 crores and a decrease of 17.8% from ₹2.76 crores in Q3FY24. These operating metrics highlight the changes in the company's cost structure and tax liabilities over the reported periods.
