Savita Oil Technologies Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Savita Oil Technologies Ltd reported a 2.0% 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 3.1%.
- Its expenses for the quarter were up by 5.6% QoQ and 5.3% YoY.
- The net profit decreased 59.8% QoQ and decreased 81.5% YoY.
- The earnings per share (EPS) of Savita Oil Technologies Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 951.85 | 933.20 | 981.84 | 2.0% | -3.1% |
Total Expenses | 936.74 | 886.92 | 889.51 | 5.6% | 5.3% |
Profit Before Tax | 15.10 | 46.28 | 92.33 | -67.4% | -83.6% |
Tax | 2.62 | 15.23 | 24.98 | -82.8% | -89.5% |
Profit After Tax | 12.48 | 31.05 | 67.36 | -59.8% | -81.5% |
Earnings Per Share | 1.80 | 4.50 | 9.80 | -60.0% | -81.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Savita Oil Technologies Ltd is a prominent player in the lubricants and specialty oils industry. The company primarily manufactures and markets automotive and industrial lubricants, transformer oils, and white oils. These products are pivotal for various industries, including automotive, manufacturing, power, and pharmaceuticals. As a longstanding entity in the oil sector, Savita Oil Technologies has cultivated a reputation for quality and innovation. The industry has been subject to fluctuations due to changes in crude oil prices, regulatory environments, and evolving consumer preferences towards more sustainable alternatives. However, specific recent developments in the company's operations or strategic initiatives are not available in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Savita Oil Technologies Ltd reported a total income of ₹951.85 crores, which shows a 2.0% increase from the second quarter of the fiscal year 2025 (Q2FY25), where the total income was ₹933.20 crores. When compared year-over-year (YoY) with the third quarter of the fiscal year 2024 (Q3FY24), the total income decreased by 3.1% from ₹981.84 crores. These figures indicate the company's revenue dynamics over the recent quarters, reflecting its performance in the context of market conditions and internal operations during the specified periods.
Profitability
The company's profitability faced a significant decline in Q3FY25. The profit before tax (PBT) was ₹15.10 crores, which represents a considerable decrease of 67.4% quarter-over-quarter (QoQ) from ₹46.28 crores in Q2FY25. Year-over-year, the PBT plummeted by 83.6% from ₹92.33 crores in Q3FY24. The tax expense in Q3FY25 was ₹2.62 crores, a sharp decrease of 82.8% QoQ and 89.5% YoY, reflecting the lower profit levels. Consequently, the profit after tax (PAT) stood at ₹12.48 crores, down by 59.8% QoQ from ₹31.05 crores and by 81.5% YoY from ₹67.36 crores. Earnings per share (EPS) also declined significantly to ₹1.80, showing a decrease of 60.0% QoQ and 81.6% YoY, indicating the impact of reduced profitability on shareholder returns.
Operating Metrics
Total expenses for Savita Oil Technologies Ltd in Q3FY25 were ₹936.74 crores, marking an increase of 5.6% from ₹886.92 crores in Q2FY25 and a 5.3% rise from ₹889.51 crores in Q3FY24. The rising expenses suggest changes in operational costs or input prices. The trends in expenses, combined with the changes in income, have influenced the company's profit margins and overall financial performance in the recent quarters. The data presented does not specify further operating metrics such as production volumes or cost-control measures, which could provide additional insights into operational efficiency and strategy execution.
