Elgi Rubber Company Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Elgi Rubber Company Ltd reported a 8.2% 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 decline of 11.0%.
- Its expenses for the quarter were down by 9.5% QoQ and 10.2% YoY.
- The net profit decreased 15.3% QoQ and increased 82.3% YoY.
- The earnings per share (EPS) of Elgi Rubber Company Ltd declined at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 89.88 | 97.96 | 100.96 | -8.2% | -11.0% |
Total Expenses | 92.78 | 102.50 | 103.29 | -9.5% | -10.2% |
Profit Before Tax | -2.81 | -4.54 | -2.33 | -38.1% | 20.6% |
Tax | 0.69 | -0.41 | -0.41 | -268.3% | -268.3% |
Profit After Tax | -3.50 | -4.13 | -1.92 | -15.3% | 82.3% |
Earnings Per Share | -0.70 | -0.80 | -0.40 | -12.5% | 75.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Elgi Rubber Company Ltd is a company engaged in the manufacturing and distribution of rubber products. It primarily serves the automotive industry, providing solutions such as retreading materials and equipment. The company operates in a competitive market with a focus on innovation and quality products. As of the most recent developments up to October 2023, Elgi Rubber has been working on expanding its market reach and enhancing its product portfolio. However, specific recent major developments for the company are not available in the provided data.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Elgi Rubber Company Ltd reported a total income of ₹89.88 crores. This represents a decline of 8.2% compared to the previous quarter (Q2FY25) where the total income was ₹97.96 crores. Furthermore, there is an 11.0% year-over-year decrease compared to the third quarter of the previous financial year (Q3FY24), which recorded a total income of ₹100.96 crores. The downward trend in revenue highlights a period of declining income over both the quarterly and annual periods.
Profitability
The profitability of Elgi Rubber Company Ltd during Q3FY25 showed a loss, with a Profit Before Tax (PBT) of ₹-2.81 crores. This is an improvement from the previous quarter (Q2FY25), which saw a PBT of ₹-4.54 crores, reflecting a 38.1% quarter-over-quarter improvement. However, on a year-over-year basis, the PBT decreased by 20.6% from Q3FY24's ₹-2.33 crores. The company incurred a tax expense of ₹0.69 crores in Q3FY25, compared to a tax gain of ₹0.41 crores in both Q2FY25 and Q3FY24. Consequently, the Profit After Tax (PAT) in Q3FY25 was ₹-3.50 crores, showing a 15.3% improvement from Q2FY25's PAT of ₹-4.13 crores, but a significant increase in loss from the ₹-1.92 crores reported in Q3FY24, marking an 82.3% year-over-year decline in profitability.
Operating Metrics
In terms of operating metrics, Elgi Rubber Company Ltd reported an Earnings Per Share (EPS) of ₹-0.70 in Q3FY25. This figure reflects a 12.5% improvement from the previous quarter (Q2FY25) where the EPS was ₹-0.80. However, on a year-over-year basis, the EPS decreased by 75.0% from the ₹-0.40 recorded in Q3FY24. Total expenses for Q3FY25 were ₹92.78 crores, which is a reduction of 9.5% from Q2FY25's ₹102.50 crores and a 10.2% decrease from Q3FY24's ₹103.29 crores. These metrics indicate changes in the company's cost structure and earnings per share over the reported periods.
