Peninsula Land Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Peninsula Land Ltd reported a 52.7% 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 decline of 28.1%.
- Its expenses for the quarter were up by 74.5% QoQ and 1.3% YoY.
- The net profit decreased 372.5% QoQ and decreased 129.3% YoY.
- The earnings per share (EPS) of Peninsula Land Ltd declined at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 104.09 | 68.16 | 144.81 | 52.7% | -28.1% |
Total Expenses | 113.75 | 65.18 | 112.30 | 74.5% | 1.3% |
Profit Before Tax | -9.66 | 2.98 | 32.51 | -424.2% | -129.7% |
Tax | -0.24 | -0.48 | -0.12 | -50.0% | 100.0% |
Profit After Tax | -9.43 | 3.46 | 32.21 | -372.5% | -129.3% |
Earnings Per Share | -0.30 | 0.10 | 1.10 | -400.0% | -127.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Peninsula Land Ltd is a real estate company engaged in the development of commercial and residential properties. As part of the Ashok Piramal Group, the company primarily operates within the real estate sector in India. It is known for its focus on developing premium residential and commercial spaces in key urban centers. Recent developments in the company may include project launches or strategic partnerships to enhance its portfolio, though specific details on any recent major developments are not provided in the available data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Peninsula Land Ltd reported a total income of ₹104.09 crores. This represents a significant improvement of 52.7% on a quarter-over-quarter (QoQ) basis when compared to the previous quarter (Q2FY25), where the total income stood at ₹68.16 crores. However, when compared year-over-year (YoY) to the third quarter of the fiscal year 2024 (Q3FY24), the total income declined by 28.1%, down from ₹144.81 crores. The figures indicate notable fluctuations in revenue over the respective periods, reflecting variations in the company’s income generation activities.
Profitability
For Q3FY25, Peninsula Land Ltd recorded a loss before tax amounting to ₹-9.66 crores. This is a sharp decline from a profit before tax of ₹2.98 crores in Q2FY25, marking a QoQ change of -424.2%. Compared to Q3FY24, where the profit before tax was ₹32.51 crores, there is a substantial YoY decrease of 129.7%. Additionally, the company's profit after tax for Q3FY25 is reported at a loss of ₹-9.43 crores, contrasting with a profit of ₹3.46 crores in Q2FY25 and ₹32.21 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 is ₹-0.30, down from ₹0.10 in Q2FY25 and ₹1.10 in Q3FY24, showing a QoQ and YoY decline of 400.0% and 127.3%, respectively. These metrics illustrate significant changes in profitability over the periods reviewed.
Operating Metrics
In terms of operating expenses, Peninsula Land Ltd reported total expenses of ₹113.75 crores for Q3FY25, reflecting a 74.5% increase QoQ from ₹65.18 crores in Q2FY25. On a YoY basis, expenses marginally rose by 1.3% from ₹112.30 crores in Q3FY24. The tax expense for Q3FY25 was ₹-0.24 crores, which is a 50.0% decrease QoQ from ₹-0.48 crores in Q2FY25 and a 100.0% increase YoY compared to ₹-0.12 crores in Q3FY24. These fluctuations in expenses and tax obligations are critical to understanding the company's operational efficiency and cost management over time.
