Equinox India Developments Ltd's Q3FY25 Quarter Results
- 13 Jan 2025
Result Summary
- Equinox India Developments Ltd reported a 7.7% 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 176.8%.
- Its expenses for the quarter were up by 11.5% QoQ and 101.7% YoY.
- The net profit decreased 7.7% QoQ and decreased 158.2% YoY.
- The earnings per share (EPS) of Equinox India Developments Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 309.61 | 287.41 | 111.85 | 7.7% | 176.8% |
Total Expenses | 282.76 | 253.62 | 140.18 | 11.5% | 101.7% |
Profit Before Tax | 26.85 | 33.79 | -28.33 | -20.5% | -194.8% |
Tax | 4.46 | 9.52 | 10.17 | -53.2% | -56.1% |
Profit After Tax | 22.39 | 24.27 | -38.50 | -7.7% | -158.2% |
Earnings Per Share | 0.30 | 0.30 | -0.70 | 0.0% | -142.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Equinox India Developments Ltd is engaged in the business of real estate development. The company, operating in the rapidly growing Indian property market, has been involved in a number of projects across the country. Despite the recent changes in the taxation and regulatory environment, the company has been able to navigate the challenges and continues to forge ahead in its operations. It is important to note that the information regarding any recent major developments of the company is not available at the moment.
Revenue
Equinox India Developments Ltd's total income for Q3FY25 stands at ₹309.61 crores. This reflects a quarter-over-quarter (QoQ) increase of 7.7% from Q2FY25, where the total income was recorded as ₹287.41 crores. The company has shown a tremendous year-over-year (YoY) growth of 176.8%, given that the total income in Q3FY24 was ₹111.85 crores. This significant growth in revenue is an important aspect of the company's financial performance.
Profitability
In terms of profitability, Equinox India Developments Ltd's Profit Before Tax (PBT) for Q3FY25 is ₹26.85 crores, a decrease of 20.5% QoQ from Q2FY25. The Profit After Tax (PAT) for Q3FY25 is ₹22.39 crores, marking a decrease of 7.7% QoQ. When compared to Q3FY24, the PBT and PAT show an improvement as the company had reported losses in the same quarter of the previous year. The company's Earnings Per Share (EPS) for Q3FY25 is ₹0.30, which remained stable QoQ. However, it shows a significant improvement YoY as the company had a negative EPS of -₹0.70 in Q3FY24.
Operating Metrics
The Total Expenses of Equinox India Developments Ltd for Q3FY25 is ₹282.76 crores. This is an increase of 11.5% QoQ from Q2FY25 when the total expenses were ₹253.62 crores. On a YoY basis, the total expenses have increased by 101.7% from Q3FY24 when they were ₹140.18 crores. The company's tax outlay for Q3FY25 is ₹4.46 crores, which is a decrease of 53.2% QoQ and 56.1% YoY. The decrease in tax outlay could be attributed to various factors such as changes in tax regulations, tax concessions, or changes in the company's tax planning strategy.
