Greenlam Industries Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Greenlam Industries Ltd reported a 12.4% 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 6.5%.
- Its expenses for the quarter were down by 9.3% QoQ and up 9.6% YoY.
- The net profit decreased 63.6% QoQ and decreased 50.4% YoY.
- The earnings per share (EPS) of Greenlam Industries Ltd stood at 1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 603.35 | 688.97 | 566.47 | -12.4% | 6.5% |
Total Expenses | 582.02 | 641.73 | 531.03 | -9.3% | 9.6% |
Profit Before Tax | 21.33 | 47.24 | 35.44 | -54.8% | -39.8% |
Tax | 8.79 | 12.80 | 10.19 | -31.3% | -13.7% |
Profit After Tax | 12.54 | 34.44 | 25.26 | -63.6% | -50.4% |
Earnings Per Share | 1.00 | 2.70 | 2.00 | -63.0% | -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
Greenlam Industries Ltd is a leading manufacturer in the laminate and decorative surfaces industry. The company specializes in producing laminates, veneers, and engineered wooden floors, catering to both domestic and international markets. As a prominent player in the home improvement and furnishing sector, Greenlam Industries has a strong presence in several countries, and its offerings are widely used in residential, commercial, and institutional spaces for interior design and decor. The company has consistently innovated its product line to meet evolving consumer preferences and industry standards. Recent developments in the company include a focus on expanding its production capacity and enhancing its distribution networks to increase market reach. However, specific details about recent strategic initiatives or changes in the company's operational focus are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Greenlam Industries Ltd reported a total income of ₹603.35 crores. This represents a decrease of 12.4% from the previous quarter (Q2FY25), where the total income stood at ₹688.97 crores. However, when compared to the same quarter in the previous year (Q3FY24), total income increased by 6.5% from ₹566.47 crores. This year-over-year growth indicates an improvement in revenue generation compared to the previous year despite a quarter-over-quarter decline. The decrease in quarterly revenue might reflect temporary challenges or seasonal variations in sales, though specific reasons are not provided in the data.
Profitability
The profitability of Greenlam Industries Ltd in Q3FY25 showed a decline compared to both the previous quarter and the same quarter last year. The profit before tax for Q3FY25 was ₹21.33 crores, down by 54.8% from ₹47.24 crores in Q2FY25 and down by 39.8% from ₹35.44 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 stood at ₹12.54 crores, marking a decrease of 63.6% from ₹34.44 crores in Q2FY25 and a 50.4% decline from ₹25.26 crores in Q3FY24. These reductions in profitability are also reflected in the earnings per share, which decreased to ₹1.00 in Q3FY25 from ₹2.70 in the previous quarter and ₹2.00 in the same quarter last year. The data indicates that while revenue saw a year-over-year increase, the company's net profitability metrics have not followed the same trend.
Operating Metrics
The total expenses for Greenlam Industries Ltd in Q3FY25 were ₹582.02 crores, which is a decrease of 9.3% from ₹641.73 crores in Q2FY25. Compared to Q3FY24, total expenses have increased by 9.6% from ₹531.03 crores. The reduction in quarterly expenses relative to the previous quarter aligns with the decrease in total income, while the year-over-year increase in expenses occurs alongside higher revenue. The company's tax expense for Q3FY25 was ₹8.79 crores, which is down 31.3% from ₹12.80 crores in Q2FY25 and down 13.7% from ₹10.19 crores in Q3FY24. These changes in operating expenses and tax liabilities are integral to understanding the company's overall financial health and operational efficiency during the reported period.
