Safari Industries (India) Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Safari Industries (India) Ltd reported a 3.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14.8%.
- Its expenses for the quarter were down by 4.2% QoQ and up 22.0% YoY.
- The net profit increased 5.0% QoQ and decreased 27.4% YoY.
- The earnings per share (EPS) of Safari Industries (India) Ltd stood at 6.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 449.88 | 464.84 | 391.96 | -3.2% | 14.8% |
Total Expenses | 409.09 | 427.00 | 335.40 | -4.2% | 22.0% |
Profit Before Tax | 40.79 | 37.84 | 56.56 | 7.8% | -27.9% |
Tax | 9.65 | 8.18 | 13.64 | 18.0% | -29.3% |
Profit After Tax | 31.14 | 29.66 | 42.92 | 5.0% | -27.4% |
Earnings Per Share | 6.40 | 6.10 | 9.00 | 4.9% | -28.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Safari Industries (India) Ltd is a leading company in the luggage industry, known for its extensive range of travel bags, luggage, and accessories. The company operates primarily in India, catering to a wide range of consumers with its durable and innovative products. Safari Industries has been a significant player in the travel goods sector, competing with other established brands. While the specific recent developments of Safari Industries are not provided here, it is known for its continuous efforts in product development and market expansion to meet the evolving needs of travelers.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Safari Industries reported a total income of ₹449.88 crores. This represents a decline of 3.2% compared to the previous quarter (Q2FY25), where the total income was ₹464.84 crores. However, on a year-over-year basis, the company's total income increased by 14.8% from ₹391.96 crores in Q3FY24. This growth indicates the company's ability to generate more revenue compared to the same period last year, despite a slight decrease from the previous quarter.
Profitability
The company's profitability metrics for Q3FY25 show a profit before tax of ₹40.79 crores, which is an increase of 7.8% from ₹37.84 crores in Q2FY25. However, this is a decrease of 27.9% from ₹56.56 crores in Q3FY24. The tax expense for the quarter was ₹9.65 crores, with a quarter-over-quarter increase of 18.0% from ₹8.18 crores in Q2FY25 and a year-over-year decrease of 29.3% from ₹13.64 crores in Q3FY24. The profit after tax stood at ₹31.14 crores, showing a growth of 5.0% QoQ from ₹29.66 crores but a decline of 27.4% YoY from ₹42.92 crores in Q3FY24. The earnings per share were ₹6.40, reflecting a similar trend with a 4.9% increase QoQ and a 28.9% decrease YoY from ₹9.00 in Q3FY24.
Operating Metrics
Safari Industries' total expenses for Q3FY25 were ₹409.09 crores, which is a decrease of 4.2% from ₹427.00 crores in the previous quarter. On a year-over-year basis, total expenses increased by 22.0% from ₹335.40 crores in Q3FY24. This reflects a significant rise in operating costs compared to the same period last year, despite a reduction from the last quarter. The company’s efforts in managing costs have resulted in a positive quarter-over-quarter trend, though the year-over-year increase indicates higher operational expenditures. This data provides insight into the company's cost management and operational efficiency over different periods.
