Parag Milk Foods Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Parag Milk Foods Ltd reported a 1.4% 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 growth of 10.4%.
- Its expenses for the quarter were up by 1.2% QoQ and 10.2% YoY.
- The net profit increased 23.5% QoQ and increased 5.6% YoY.
- The earnings per share (EPS) of Parag Milk Foods Ltd stood at 2.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 890.75 | 878.43 | 806.69 | 1.4% | 10.4% |
Total Expenses | 853.09 | 842.86 | 773.93 | 1.2% | 10.2% |
Profit Before Tax | 37.66 | 35.57 | 32.76 | 5.9% | 15.0% |
Tax | 1.59 | 6.36 | -1.40 | -75.0% | -213.6% |
Profit After Tax | 36.07 | 29.21 | 34.16 | 23.5% | 5.6% |
Earnings Per Share | 2.90 | 2.30 | 2.80 | 26.1% | 3.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Parag Milk Foods Ltd is a prominent player in the dairy industry, primarily engaged in the production and processing of a wide range of dairy products. The company's portfolio includes milk, cheese, paneer, curd, and other value-added dairy items. Parag Milk Foods operates under well-known brands such as Gowardhan, Go, and Pride of Cows, catering to a diverse consumer base in India. Recent developments in the company have focused on expanding product lines and enhancing distribution networks to capture a larger market share. However, specific recent developments are not provided in the data available.
Revenue
During the third quarter of fiscal year 2025, Parag Milk Foods Ltd reported a total income of ₹890.75 crores, marking a sequential quarter-over-quarter (QoQ) growth of 1.4% from ₹878.43 crores in Q2FY25. Compared to the same quarter of the previous year (Q3FY24), the company achieved a year-over-year (YoY) increase in total income of 10.4%, reflecting a rise from ₹806.69 crores. This growth can be attributed to various factors within the company's operations, which are not detailed in the provided data.
Profitability
The company's profitability metrics for Q3FY25 indicate a Profit Before Tax (PBT) of ₹37.66 crores, up 5.9% from ₹35.57 crores in Q2FY25 and showing a YoY increase of 15.0% from ₹32.76 crores. The Profit After Tax (PAT) stands at ₹36.07 crores for the current quarter, experiencing a significant QoQ increase of 23.5% from ₹29.21 crores in the previous quarter and a YoY rise of 5.6% from ₹34.16 crores in Q3FY24. The tax expense for the quarter was ₹1.59 crores, significantly lower than the previous quarter's ₹6.36 crores. This reduction contributed to the notable growth in PAT.
Operating Metrics
In Q3FY25, the Earnings Per Share (EPS) of Parag Milk Foods Ltd was ₹2.90, which represents a QoQ growth of 26.1% from ₹2.30 in Q2FY25 and a YoY increase of 3.6% from ₹2.80 in Q3FY24. Total expenses for the quarter were ₹853.09 crores, showing a QoQ increase of 1.2% from ₹842.86 crores and a YoY rise of 10.2% from ₹773.93 crores in Q3FY24. These figures suggest that while expenses have increased, the company's ability to grow its income and manage tax obligations has supported its overall financial performance, as reflected in the EPS improvement.
