Energy Development Company Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Energy Development Company Ltd reported a 45.2% 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 11.1%.
- Its expenses for the quarter were down by 1.9% QoQ and up 10.4% YoY.
- The net profit decreased 1266.3% QoQ and decreased 4757.9% YoY.
- The earnings per share (EPS) of Energy Development Company Ltd declined at 16.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 8.45 | 15.42 | 9.51 | -45.2% | -11.1% |
Total Expenses | 8.90 | 9.07 | 8.06 | -1.9% | 10.4% |
Profit Before Tax | -76.60 | 6.35 | 1.45 | -1306.3% | -5382.8% |
Tax | -0.21 | -0.20 | -0.19 | 5.0% | 10.5% |
Profit After Tax | -76.39 | 6.55 | 1.64 | -1266.3% | -4757.9% |
Earnings Per Share | -16.10 | 1.40 | 0.30 | -1250.0% | -5466.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Energy Development Company Ltd is involved in the energy sector, primarily focusing on the development and management of energy projects. The company is engaged in activities related to the production and distribution of energy resources. While specific details about recent major developments are not available, companies in this sector generally face challenges and opportunities related to regulatory changes, technological advancements, and environmental concerns. The energy industry is known for its capital-intensive nature and dependency on external market conditions.
Revenue
In the third quarter of FY25, Energy Development Company Ltd reported a total income of ₹8.45 crores, which marked a significant decline from ₹15.42 crores reported in the second quarter of FY25, representing a quarter-over-quarter decrease of 45.2%. When compared to the third quarter of FY24, where the total income was ₹9.51 crores, there is an 11.1% year-over-year decline. These figures suggest variations in the company's revenue generation capabilities over the observed periods.
Profitability
The financial results for Energy Development Company Ltd in the third quarter of FY25 indicate a challenging period in terms of profitability. The company reported a loss before tax of ₹76.60 crores, a substantial deviation from a profit before tax of ₹6.35 crores in the previous quarter, marking a 1306.3% decline on a quarter-over-quarter basis. The year-over-year comparison also shows a drastic fall from a profit before tax of ₹1.45 crores in Q3FY24, with a decrease of 5382.8%. The profit after tax followed a similar trend, with a reported loss of ₹76.39 crores in Q3FY25, compared to a profit of ₹6.55 crores in Q2FY25 and ₹1.64 crores in Q3FY24, reflecting a 1266.3% QoQ and 4757.9% YoY decline. Earnings per share have also dropped to -₹16.10 in Q3FY25, from ₹1.40 in Q2FY25 and ₹0.30 in Q3FY24, further highlighting the period's financial difficulties.
Operating Metrics
The operating metrics for Energy Development Company Ltd in the third quarter of FY25 reveal that total expenses amounted to ₹8.90 crores, showing a slight decrease of 1.9% from the ₹9.07 crores incurred in the previous quarter (Q2FY25). However, when compared to Q3FY24, total expenses have increased by 10.4%, from ₹8.06 crores. The tax expense for Q3FY25 was recorded at -₹0.21 crores, witnessing a minor increase of 5.0% from the previous quarter and 10.5% from the same quarter last year. These operating figures provide a snapshot of the company's cost management and tax handling over the specified periods.
