Seshasayee Paper & Boards Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Seshasayee Paper & Boards Ltd reported a 9.2% 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 decline of 6.8%.
- Its expenses for the quarter were up by 14.8% QoQ and 10.0% YoY.
- The net profit decreased 41.6% QoQ and decreased 75.9% YoY.
- The earnings per share (EPS) of Seshasayee Paper & Boards Ltd stood at 2.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 451.89 | 413.79 | 484.83 | 9.2% | -6.8% |
Total Expenses | 436.75 | 380.46 | 397.08 | 14.8% | 10.0% |
Profit Before Tax | 15.14 | 33.33 | 87.75 | -54.6% | -82.7% |
Tax | -0.68 | 8.56 | 21.98 | -107.9% | -103.1% |
Profit After Tax | 16.63 | 28.47 | 68.98 | -41.6% | -75.9% |
Earnings Per Share | 2.80 | 4.70 | 11.40 | -40.4% | -75.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Seshasayee Paper & Boards Ltd is a notable player in the paper industry. The company is primarily involved in the production and sale of various grades of paper, which are essential raw materials for packaging, printing, and writing purposes. Typically, companies in this sector might also engage in sustainable forestry practices and recycling to source raw materials, though specific practices of Seshasayee Paper & Boards Ltd are not detailed in the provided data. The paper industry, in general, faces challenges and opportunities such as the shift towards digitization, sustainability demands, and fluctuating raw material costs. Any recent major developments specific to Seshasayee Paper & Boards Ltd, such as mergers, acquisitions, or expansions, are not available from the provided data.
Revenue
In Q3FY25, Seshasayee Paper & Boards Ltd reported a total income of ₹451.89 crores. This represents a quarter-over-quarter (QoQ) increase of 9.2% from ₹413.79 crores in Q2FY25. However, on a year-over-year (YoY) basis, there was a decline of 6.8% from ₹484.83 crores in Q3FY24. This financial period reflects a dynamic revenue environment for the company, with positive QoQ growth but a decrease when compared to the same quarter in the previous year. Such revenue figures are indicative of the company's performance in response to market demands and competitive pressures within the paper sector.
Profitability
For the quarter ending Q3FY25, Seshasayee Paper & Boards Ltd recorded a profit before tax of ₹15.14 crores, showcasing a significant QoQ reduction of 54.6% from ₹33.33 crores in Q2FY25. Compared to Q3FY24, there was an 82.7% decline from ₹87.75 crores. The tax component reflected a reversal in Q3FY25 with a credit of ₹0.68 crores, contrasting with a tax obligation of ₹8.56 crores in Q2FY25 and ₹21.98 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 stood at ₹16.63 crores, down by 41.6% QoQ from ₹28.47 crores and 75.9% YoY from ₹68.98 crores. Earnings per share (EPS) also mirrored this downward trend, recording at ₹2.80 in Q3FY25, which is 40.4% lower QoQ and 75.4% lower YoY.
Operating Metrics
The operating metrics for Seshasayee Paper & Boards Ltd in Q3FY25 illustrate notable changes in its financial performance. Total expenses rose significantly to ₹436.75 crores, marking a 14.8% increase QoQ from ₹380.46 crores in Q2FY25, and a 10.0% increase YoY from ₹397.08 crores in Q3FY24. This escalation in expenses amidst fluctuating income levels could be indicative of various operational adjustments or cost pressures faced by the company. The company's ability to manage its expenses relative to its income plays a crucial role in understanding its operational efficiency during this period.
