Harrisons Malayalam Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Harrisons Malayalam Ltd reported a 4.2% 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 9.6%.
- Its expenses for the quarter were down by 0.9% QoQ and up 6.5% YoY.
- The net profit increased 172.5% QoQ and increased 67.7% YoY.
- The earnings per share (EPS) of Harrisons Malayalam Ltd stood at 6.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 144.89 | 139.01 | 132.18 | 4.2% | 9.6% |
Total Expenses | 133.69 | 134.90 | 125.50 | -0.9% | 6.5% |
Profit Before Tax | 11.20 | 4.11 | 6.68 | 172.5% | 67.7% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | 11.20 | 4.11 | 6.68 | 172.5% | 67.7% |
Earnings Per Share | 6.10 | 2.20 | 3.60 | 177.3% | 69.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Harrisons Malayalam Ltd is a prominent company involved in the plantation industry, primarily focusing on the cultivation and processing of tea and rubber. The company operates within the agricultural sector and holds significant market presence in India, particularly in the southern regions where these plantations are predominantly located. As part of its business operations, Harrisons Malayalam Ltd engages in both the production and sale of these commodities. Recent developments for the company have not been specified in the provided data. However, it is well-known that the agricultural sector is subject to various external factors such as weather conditions, market demand, and global price fluctuations which can impact the company's performance.
Revenue
For the third quarter of fiscal year 2025, Harrisons Malayalam Ltd reported total income of ₹144.89 crores. This represents a quarter-over-quarter increase of 4.2% from ₹139.01 crores in Q2FY25. The year-over-year comparison shows a 9.6% increase from ₹132.18 crores in Q3FY24. The upward trend in total income reflects the company's ability to generate higher revenue over both the quarterly and annual timeframes. The consistent growth in income suggests that the company has maintained or enhanced its operational efficiency or market reach, contributing to the higher revenue figures reported for this quarter.
Profitability
In terms of profitability, Harrisons Malayalam Ltd recorded a profit before tax (PBT) of ₹11.20 crores for Q3FY25. This marks a significant quarter-over-quarter increase of 172.5% from ₹4.11 crores in Q2FY25, as well as a year-over-year increase of 67.7% from ₹6.68 crores in Q3FY24. The company's profit after tax (PAT) mirrored this trend, also standing at ₹11.20 crores, reflecting the absence of tax expenses in the current and previous periods. Earnings per share (EPS) for Q3FY25 were reported at ₹6.10, representing a QoQ increase of 177.3% from ₹2.20 and a YoY increase of 69.4% from ₹3.60. These figures indicate robust profitability growth, enhancing shareholder value through increased EPS.
Operating Metrics
Total expenses for the quarter were ₹133.69 crores, showing a slight quarter-over-quarter decline of 0.9% from ₹134.90 crores in Q2FY25. Year-over-year, total expenses increased by 6.5% from ₹125.50 crores in Q3FY24. The reduction in expenses on a quarterly basis, coupled with the significant increase in total income, has contributed to the improved profitability metrics. The financial data indicates no tax liability for the current and previous quarters, which has a direct impact on the retained earnings of the company. These operating metrics illustrate the company's capacity to manage expenses effectively while enhancing its income generation capabilities.
