Ganesha Ecosphere Ltd's Q3FY25 Quarter Results
- 14h ago
Result Summary
- Ganesha Ecosphere Ltd reported a 3.2% 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 39.5%.
- Its expenses for the quarter were up by 3.2% QoQ and 35.7% YoY.
- The net profit increased 9.6% QoQ and increased 133.4% YoY.
- The earnings per share (EPS) of Ganesha Ecosphere Ltd stood at 11.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 403.04 | 390.54 | 288.83 | 3.2% | 39.5% |
Total Expenses | 366.12 | 354.60 | 269.84 | 3.2% | 35.7% |
Profit Before Tax | 36.92 | 35.93 | 18.99 | 2.8% | 94.4% |
Tax | 7.22 | 8.82 | 6.26 | -18.1% | 15.3% |
Profit After Tax | 29.71 | 27.11 | 12.73 | 9.6% | 133.4% |
Earnings Per Share | 11.70 | 10.70 | 5.80 | 9.3% | 101.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ganesha Ecosphere Ltd is a prominent player in the Indian recycling industry, primarily known for its production of recycled polyester staple fiber (RPSF) from PET waste. This process not only supports the textile industry but also contributes positively to environmental sustainability by reducing plastic waste. The company is a significant contributor to the circular economy by converting plastic waste into a valuable resource. Ganesha Ecosphere Ltd has been actively expanding its operations to enhance its production capabilities and meet the increasing demand for sustainable textile solutions. There may have been recent developments in the company's production capacity or market reach that are not explicitly detailed in the available data.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Ganesha Ecosphere Ltd reported a total income of ₹403.04 crores, marking a 3.2% increase from the previous quarter (Q2FY25), where the total income was ₹390.54 crores. On a year-over-year basis, the total income rose by 39.5% compared to the ₹288.83 crores reported in the same quarter of the previous fiscal year (Q3FY24). This upward trajectory in revenue reflects the company's ability to enhance its income streams over both the quarter and year, indicative of a robust financial performance amidst the industry's dynamics.
Profitability
The company achieved a profit before tax (PBT) of ₹36.92 crores in Q3FY25, which represents a 2.8% increase from the previous quarter's PBT of ₹35.93 crores. Year-over-year, the profit before tax surged by 94.4% from Q3FY24's figure of ₹18.99 crores. After accounting for tax expenses, the profit after tax (PAT) for Q3FY25 was ₹29.71 crores, which is a 9.6% increase from the ₹27.11 crores achieved in Q2FY25. Compared to Q3FY24, the PAT experienced a significant growth of 133.4%. These figures underscore the company's ability to enhance its profitability over both short and long-term periods. The earnings per share (EPS) also increased to ₹11.70, reflecting a 9.3% rise quarter-over-quarter and a 101.7% increase year-over-year, from ₹5.80 in Q3FY24.
Operating Metrics
The total expenses for Ganesha Ecosphere Ltd in Q3FY25 amounted to ₹366.12 crores, up by 3.2% from the ₹354.60 crores recorded in Q2FY25. This increase aligns with the growth in total income, suggesting effective management of operational costs in parallel with revenue growth. Year-over-year, total expenses rose by 35.7% when compared to ₹269.84 crores in Q3FY24, reflecting the company's expanded operations or increased cost structures. The tax expenses in Q3FY25 were ₹7.22 crores, a reduction of 18.1% from Q2FY25's tax of ₹8.82 crores, yet a 15.3% increase from Q3FY24. These changes in tax payments could be influenced by various factors, including changes in tax regulations or the company's tax planning strategies.
