Ganesh Benzoplast Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Ganesh Benzoplast Ltd reported a 8.8% 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 13.3%.
- Its expenses for the quarter were down by 14.1% QoQ and 20.4% YoY.
- The net profit increased 11.7% QoQ and increased 14.4% YoY.
- The earnings per share (EPS) of Ganesh Benzoplast Ltd stood at 2.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 93.41 | 102.37 | 107.74 | -8.8% | -13.3% |
Total Expenses | 69.17 | 80.54 | 86.94 | -14.1% | -20.4% |
Profit Before Tax | 24.24 | 21.84 | 20.80 | 11.0% | 16.5% |
Tax | 5.85 | 5.38 | 4.72 | 8.7% | 23.9% |
Profit After Tax | 18.39 | 16.46 | 16.08 | 11.7% | 14.4% |
Earnings Per Share | 2.50 | 2.30 | 2.30 | 8.7% | 8.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ganesh Benzoplast Ltd is a company known for its involvement in the chemical industry, primarily engaged in manufacturing specialty chemicals and providing storage facilities for oil and gas. The company produces a range of products including food preservatives, lubricant additives, and plasticizers. Ganesh Benzoplast is also noted for its infrastructure in tank farms, which cater to the storage requirements of various liquid chemicals and petroleum products. While recent specific developments in the company are not available from the given data, the company operates within the dynamic chemical sector, which often sees shifts due to regulatory changes, market demand, and technological advancements.
Revenue
In Q3FY25, Ganesh Benzoplast Ltd reported a total income of ₹93.41 crores, which marked a decrease compared to the previous quarter (Q2FY25) where the total income was ₹102.37 crores, representing an 8.8% quarter-over-quarter (QoQ) decline. Furthermore, when compared year-over-year (YoY) to Q3FY24, where the total income was ₹107.74 crores, there is a noted decrease of 13.3%. This reduction in revenue over both the quarterly and annual assessments could be attributed to various factors affecting the company's sales or operational environment, although specific reasons are not discernible from the data provided.
Profitability
Ganesh Benzoplast Ltd showed notable profitability metrics for Q3FY25. The company achieved a profit before tax (PBT) of ₹24.24 crores, which is an increase from ₹21.84 crores in Q2FY25, reflecting an 11.0% QoQ growth. Compared to the previous year (Q3FY24), where the PBT was ₹20.80 crores, there is a 16.5% YoY increase. The tax expense for Q3FY25 was ₹5.85 crores, showing an increase of 8.7% QoQ and 23.9% YoY. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹18.39 crores, increasing by 11.7% from Q2FY25 and 14.4% from Q3FY24. Earnings per share (EPS) also saw an increase, up to ₹2.50 in Q3FY25 from ₹2.30 in both Q2FY25 and Q3FY24, reflecting an 8.7% increase both QoQ and YoY.
Operating Metrics
The company's operating expenses in Q3FY25 were reported at ₹69.17 crores, which is a significant decrease from ₹80.54 crores in Q2FY25, marking a 14.1% decline QoQ. Compared to Q3FY24, where expenses were ₹86.94 crores, there is a 20.4% YoY reduction. This substantial decrease in expenses over both periods indicates effective cost management or potential changes in operating scale. These cost reductions have contributed positively to the company's profitability metrics, as evidenced by the growth in profit before and after tax. The data does not provide specific operational efficiency ratios or further breakdowns, so further elaboration on operating efficiency cannot be determined solely from the presented figures.
