L T Foods Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- L T Foods Ltd reported a 7.2% 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 17.4%.
- Its expenses for the quarter were up by 7.8% QoQ and 19.2% YoY.
- The net profit decreased 3.5% QoQ and decreased 4.8% YoY.
- The earnings per share (EPS) of L T Foods Ltd stood at 4.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2288.26 | 2134.04 | 1949.69 | 7.2% | 17.4% |
Total Expenses | 2094.43 | 1942.91 | 1757.68 | 7.8% | 19.2% |
Profit Before Tax | 193.83 | 191.13 | 192.01 | 1.4% | 0.9% |
Tax | 52.45 | 49.36 | 51.04 | 6.3% | 2.8% |
Profit After Tax | 145.39 | 150.61 | 152.65 | -3.5% | -4.8% |
Earnings Per Share | 4.10 | 4.30 | 4.30 | -4.7% | -4.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
L T Foods Ltd operates in the food industry, primarily known for its production and distribution of rice and rice-related products. The company is recognized for its flagship brand, Daawat, which holds a significant market presence, particularly in the basmati rice segment. L T Foods Ltd has established a strong distribution network both domestically in India and internationally, catering to customers across several countries. The company also engages in value-added services by offering various packaged foods and ready-to-eat meals. Recent developments include expansion efforts into new markets and enhancing its product portfolio to meet the growing consumer demand for quality food products.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), L T Foods Ltd reported a total income of ₹2288.26 crores. This figure represents a 7.2% increase compared to the previous quarter (Q2FY25), where the total income was ₹2134.04 crores, and a 17.4% increase from the same quarter in the previous fiscal year (Q3FY24), which was ₹1949.69 crores. The year-over-year growth reflects the company's upward trajectory in revenue generation, possibly driven by increased sales volumes or enhanced pricing strategies. The positive quarter-over-quarter growth indicates a consistent rise in revenue within the current fiscal year.
Profitability
During Q3FY25, L T Foods Ltd recorded a profit before tax of ₹193.83 crores, which marks a slight increase of 1.4% from Q2FY25's profit of ₹191.13 crores and a marginal growth of 0.9% compared to Q3FY24's profit of ₹192.01 crores. Despite the increase in total income, the profit after tax in Q3FY25 decreased to ₹145.39 crores from ₹150.61 crores in Q2FY25 and ₹152.65 crores in Q3FY24, reflecting a decline of 3.5% quarter-over-quarter and 4.8% year-over-year. The company's earnings per share (EPS) also followed a similar trend, decreasing to ₹4.10 in Q3FY25 from ₹4.30 in both the previous quarter and the same quarter last year, showing a percentage decline of 4.7% in both comparisons.
Operating Metrics
L T Foods Ltd's total expenses for Q3FY25 amounted to ₹2094.43 crores, representing a 7.8% increase from Q2FY25's expenses of ₹1942.91 crores and a 19.2% rise from Q3FY24's expenses of ₹1757.68 crores. This indicates a significant rise in operational costs over both the quarter and the year. The tax expenses also showed an increase, with Q3FY25's tax amounting to ₹52.45 crores, up by 6.3% from Q2FY25's ₹49.36 crores and a 2.8% increase from Q3FY24's ₹51.04 crores. These changes in operating expenses and tax reflect the cost dynamics the company is experiencing amidst its revenue growth.
