Eveready Industries India Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Eveready Industries India Ltd reported a 8.1% 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 growth of 9.3%.
- Its expenses for the quarter were down by 3.2% QoQ and up 7.8% YoY.
- The net profit decreased 55.7% QoQ and increased 55.8% YoY.
- The earnings per share (EPS) of Eveready Industries India Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 333.80 | 363.28 | 305.29 | -8.1% | 9.3% |
Total Expenses | 317.87 | 328.26 | 294.97 | -3.2% | 7.8% |
Profit Before Tax | 15.93 | 35.02 | 10.32 | -54.5% | 54.4% |
Tax | 2.83 | 5.46 | 1.91 | -48.2% | 48.2% |
Profit After Tax | 13.10 | 29.56 | 8.41 | -55.7% | 55.8% |
Earnings Per Share | 1.80 | 4.10 | 1.20 | -56.1% | 50.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Eveready Industries India Ltd is a well-known entity in the Indian market, primarily recognized for its manufacturing and distribution of batteries, flashlights, and other portable power solutions. The company operates within the consumer goods sector, with a strong presence in the dry cell battery market. Eveready has a significant market share in India and has been a key player in the industry for several decades. The company continuously seeks to innovate its product line to cater to evolving consumer needs. However, specific recent developments or strategic initiatives by Eveready Industries are not detailed in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Eveready Industries India Ltd reported total income of ₹333.80 crores. This represents an 8.1% decline from the previous quarter (Q2FY25), where total income stood at ₹363.28 crores. However, when compared year-over-year, total income has increased by 9.3% from Q3FY24, where it was ₹305.29 crores. This indicates variability in the company's revenue on a quarterly basis, while showing growth over the year. The fluctuation in quarterly revenue could be attributed to various operational or market factors.
Profitability
For Q3FY25, Eveready Industries India Ltd reported a profit before tax of ₹15.93 crores, which marks a significant decrease of 54.5% from the previous quarter's profit before tax of ₹35.02 crores. Despite this quarter-on-quarter decline, the year-over-year growth was strong, with a 54.4% increase from Q3FY24's profit before tax of ₹10.32 crores. The profit after tax for Q3FY25 was ₹13.10 crores, showing a 55.7% decline from Q2FY25, where it was ₹29.56 crores, but a 55.8% increase compared to Q3FY24's figure of ₹8.41 crores. This dual nature of profit trends suggests substantial year-over-year improvement despite recent quarterly challenges.
Operating Metrics
The earnings per share (EPS) for Q3FY25 were reported at ₹1.80, reflecting a 56.1% decrease from the previous quarter's EPS of ₹4.10. However, compared to Q3FY24, where EPS was ₹1.20, there has been a 50.0% increase. The total expenses for Q3FY25 were ₹317.87 crores, a 3.2% decrease from Q2FY25's expenses of ₹328.26 crores, yet a 7.8% increase from Q3FY24, which recorded ₹294.97 crores in expenses. This points to a reduction in expenses quarter-over-quarter, possibly indicating cost management efforts, while year-over-year expense growth aligns with the increase in total income. Tax expenses for the quarter were ₹2.83 crores, down 48.2% from Q2FY25's tax of ₹5.46 crores, but up 48.2% from Q3FY24's tax of ₹1.91 crores.
