Equinox India Developments Ltd's Q3FY25 Quarter Results
- 12h ago
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 7.9% QoQ and decreased 157.4% YoY.
- The earnings per share (EPS) of Equinox India Developments Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q2FY25
| (₹ 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 | 22.17 | 24.06 | -38.65 | -7.9% | -157.4% |
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 a company that is involved in the real estate development sector. The company's main services consist of developing and selling a wide range of properties, from residential apartments to commercial spaces. It is known for its commitment to quality, timely delivery, and adherence to regulations. Despite any specific recent major developments not being available, Equinox India Developments Ltd is consistent in its growth and expansion strategy.
Revenue
The company's total income for the third quarter of FY25 stood at ₹309.61 crores, representing a quarter-on-quarter (QoQ) increase of 7.7% from ₹287.41 crores in the previous quarter. When compared with the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹111.85 crores, there was an impressive year-on-year (YoY) increase of 176.8%. This significant rise in total income can be attributed to increased business activities and successful marketing strategies.
Profitability
The total expenses incurred by the company for Q3FY25 were ₹282.76 crores, an increase of 11.5% QoQ from ₹253.62 crores, and a YoY increase of 101.7% from ₹140.18 crores in Q3FY24. Profit Before Tax (PBT) for Q3FY25 was ₹26.85 crores, a decrease of 20.5% QoQ from ₹33.79 crores. The Profit After Tax (PAT) for the same period was ₹22.17 crores, a decrease of 7.9% QoQ from ₹24.06 crores, and it showed a considerable improvement from the loss of ₹38.65 crores in Q3FY24.
Operating Metrics
The Earnings Per Share (EPS) remained consistent at ₹0.30 in both Q3FY25 and Q2FY25. This represents a significant improvement from Q3FY24 when the EPS was a negative ₹0.70. The consistency in EPS indicates steady operational performance and profitability per share for the company's shareholders. The tax paid by the company in Q3FY25 was ₹4.46 crores, a decrease of 53.2% QoQ from ₹9.52 crores, and a decrease of 56.1% YoY from ₹10.17 crores in Q3FY24.
Margins
The margin analysis of Equinox India Developments Ltd shows that the company has been able to maintain a positive profit margin, despite the increase in total expenses. In Q3FY25, the profit margin was approximately 7.16% (calculated as PAT divided by Total Income). This shows that the company has been effective in controlling its costs and generating profits. Although the profit margin has decreased slightly from the previous quarter, it is still in the positive range, indicating that the company is profitable.
