Jaiprakash Associates Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Jaiprakash Associates Ltd reported a 5.2% 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 decline of 1.5%.
- Its expenses for the quarter were up by 22.8% QoQ and 18.9% YoY.
- The net profit increased 158.0% QoQ and increased 61.4% YoY.
- The earnings per share (EPS) of Jaiprakash Associates Ltd declined at 3.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1534.52 | 1458.71 | 1558.58 | 5.2% | -1.5% |
Total Expenses | 2108.05 | 1716.36 | 1772.48 | 22.8% | 18.9% |
Profit Before Tax | -791.64 | -282.38 | -451.70 | 180.3% | 75.3% |
Tax | 6.53 | -2.54 | 16.85 | -357.1% | -61.2% |
Profit After Tax | -768.37 | -297.83 | -476.12 | 158.0% | 61.4% |
Earnings Per Share | -3.10 | -1.20 | -1.90 | 158.3% | 63.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jaiprakash Associates Ltd is a diversified infrastructure conglomerate in India, operating across several segments including engineering and construction, cement, power, real estate, and expressways. The company is part of the Jaypee Group, known for its significant presence in the cement and infrastructure sectors. Jaiprakash Associates Ltd has been involved in various large-scale projects across the nation, contributing substantially to infrastructure development. While recent developments specific to the company are not available, the infrastructure and construction industry in India has been experiencing dynamic changes, influenced by government initiatives and economic policies. The company's diverse portfolio positions it as a key player in the infrastructure sector.
Revenue
During the third quarter of FY25, Jaiprakash Associates Ltd reported a total income of ₹1534.52 crores. This marks an increase in total income compared to the previous quarter (Q2FY25), where total income was ₹1458.71 crores, reflecting a quarter-over-quarter growth of 5.2%. However, when compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹1558.58 crores, there is a year-over-year decline of 1.5%. This slight decline in revenue compared to the previous year might be indicative of various market factors or changes in operational scale within the company.
Profitability
The profitability metrics for Jaiprakash Associates Ltd for Q3FY25 show a significant deterioration compared to both the previous quarter and the same quarter last year. The company reported a loss before tax of ₹791.64 crores in Q3FY25, which is a notable increase from the loss of ₹282.38 crores in Q2FY25 and ₹451.70 crores in Q3FY24. This represents a quarter-over-quarter increase in losses of 180.3% and a year-over-year increase of 75.3%. The profit after tax for Q3FY25 was also a loss of ₹768.37 crores, compared to a loss of ₹297.83 crores in Q2FY25 and ₹476.12 crores in Q3FY24, showing a 158.0% increase quarter-over-quarter and a 61.4% increase year-over-year. The earnings per share have decreased significantly, aligning with the increased losses reported.
Operating Metrics
Total expenses for Q3FY25 were reported at ₹2108.05 crores, reflecting a significant increase of 22.8% from the previous quarter (Q2FY25) where expenses were ₹1716.36 crores. When compared to Q3FY24, where expenses were ₹1772.48 crores, there is an 18.9% increase year-over-year. The tax expense for Q3FY25 was ₹6.53 crores, which contrasts sharply with the tax credit of ₹2.54 crores in Q2FY25 and a tax expense of ₹16.85 crores in Q3FY24. This significant shift in tax impact is notable in the operating metrics. The earnings per share for Q3FY25 was reported as a loss of ₹3.10, compared to a loss of ₹1.20 in Q2FY25 and a loss of ₹1.90 in Q3FY24, highlighting a deterioration in shareholder value.
