IFB Agro Industries Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- IFB Agro Industries Ltd reported a 10.7% 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 21.1%.
- Its expenses for the quarter were up by 7.5% QoQ and 12.2% YoY.
- The net profit increased 439.7% QoQ and decreased 323.4% YoY.
- The earnings per share (EPS) of IFB Agro Industries Ltd stood at 12.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 300.22 | 271.18 | 247.84 | 10.7% | 21.1% |
Total Expenses | 286.85 | 266.78 | 255.72 | 7.5% | 12.2% |
Profit Before Tax | 13.37 | 4.40 | -7.88 | 203.9% | -269.7% |
Tax | 2.09 | 2.31 | -2.83 | -9.5% | -173.9% |
Profit After Tax | 11.28 | 2.09 | -5.05 | 439.7% | -323.4% |
Earnings Per Share | 12.10 | 2.20 | -5.40 | 450.0% | -324.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IFB Agro Industries Ltd is a company engaged in the production and distribution of alcoholic beverages, primarily in India. It operates within the agro-based industry and has diversified its operations to include the manufacture of grain-based alcohol and bottling of Indian-made foreign liquor. The company is also involved in the production of marine products. As of the data available, there are no specific recent major developments provided.
Revenue
In the third quarter of fiscal year 2025, IFB Agro Industries Ltd reported a total income of ₹300.22 crores, reflecting a quarter-over-quarter growth of 10.7% from ₹271.18 crores in the previous quarter. Year-over-year, the total income increased by 21.1% from ₹247.84 crores in the same quarter of the previous fiscal year. This growth in revenue suggests an upward trend in the company's income generation over both the quarterly and annual periods.
Profitability
The company's profit before tax in Q3FY25 was ₹13.37 crores, showing a significant increase of 203.9% from ₹4.40 crores in Q2FY25. Compared to the same quarter of the previous year, where the company reported a loss of ₹7.88 crores, the improvement is marked. The tax expense for Q3FY25 was ₹2.09 crores, a slight decrease of 9.5% from the previous quarter's ₹2.31 crores. The profit after tax also showed a substantial increase, amounting to ₹11.28 crores compared to ₹2.09 crores in Q2FY25, and a notable improvement from a loss of ₹5.05 crores in Q3FY24. The earnings per share rose to ₹12.10 in Q3FY25, up from ₹2.20 in the previous quarter, and from a negative value in the same quarter last year.
Operating Metrics
Total expenses for IFB Agro Industries Ltd in Q3FY25 were ₹286.85 crores, representing a 7.5% increase from ₹266.78 crores in the previous quarter. When compared year-over-year, total expenses increased by 12.2% from ₹255.72 crores in Q3FY24. The increase in expenses aligns with the growth in total income, maintaining a consistent operational scale with respect to revenue generation. Despite the increase in expenses, the substantial growth in profit before tax and profit after tax highlights significant improvements in the company's profitability metrics over the analyzed periods.
