GRM Overseas Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- GRM Overseas Ltd reported a 19.4% 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 decline of 2.3%.
- Its expenses for the quarter were up by 18.2% QoQ and down 1.8% YoY.
- The net profit increased 47.3% QoQ and decreased 12.6% YoY.
- The earnings per share (EPS) of GRM Overseas Ltd stood at 2.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 382.22 | 320.22 | 391.08 | 19.4% | -2.3% |
Total Expenses | 363.43 | 307.57 | 370.26 | 18.2% | -1.8% |
Profit Before Tax | 18.78 | 12.66 | 20.83 | 48.3% | -9.8% |
Tax | 5.24 | 3.46 | 5.34 | 51.4% | -1.9% |
Profit After Tax | 13.54 | 9.19 | 15.49 | 47.3% | -12.6% |
Earnings Per Share | 2.20 | 1.50 | 2.60 | 46.7% | -15.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
GRM Overseas Ltd is a company that primarily operates within the agricultural and food processing industry, with a strong focus on the production and export of rice and related food products. The company is recognized for its diversified product portfolio, which includes basmati and non-basmati rice, organic rice, and other value-added products. GRM Overseas caters to both domestic and international markets, leveraging its established distribution network to meet the demand across various geographies. While specific recent developments for GRM Overseas Ltd are not available in the provided data, the company is known for its emphasis on quality and innovation within the food sector.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), GRM Overseas Ltd reported total income of ₹382.22 crores. This represents a quarter-over-quarter (QoQ) increase of 19.4% from ₹320.22 crores in Q2FY25. Comparatively, there was a year-over-year (YoY) decrease of 2.3% from ₹391.08 crores in Q3FY24. The QoQ growth in total income indicates a positive trajectory in comparison to the previous quarter, although the YoY decline reflects a slight decrease from the same period last year.
Profitability
The company's profit before tax (PBT) for Q3FY25 stood at ₹18.78 crores, showing a significant QoQ increase of 48.3% from ₹12.66 crores in Q2FY25. However, there was a YoY decline of 9.8% from ₹20.83 crores in Q3FY24. The tax expense for Q3FY25 was ₹5.24 crores, which increased by 51.4% QoQ but decreased by 1.9% YoY. Consequently, the profit after tax (PAT) amounted to ₹13.54 crores, marking a 47.3% QoQ increase from ₹9.19 crores in Q2FY25, and a 12.6% YoY decrease from ₹15.49 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was ₹2.20, which increased by 46.7% QoQ from ₹1.50, but decreased by 15.4% YoY from ₹2.60 in Q3FY24.
Operating Metrics
Total expenses for GRM Overseas in Q3FY25 were reported at ₹363.43 crores, which rose by 18.2% QoQ from ₹307.57 crores in Q2FY25. On a YoY basis, total expenses decreased slightly by 1.8% compared to ₹370.26 crores in Q3FY24. The increase in expenses QoQ is aligned with the rise in total income, whereas the YoY decrease reflects cost management efforts. It's important to note the relationship between income and expenses over the periods, as these contribute directly to the company's overall profitability measures.
