Sharda Cropchem Ltd's Q3FY25 Quarter Results
- 25 Jan 2025
Result Summary
- Sharda Cropchem Ltd reported a 15.9% 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 44.3%.
- Its expenses for the quarter were up by 16.8% QoQ and 39.8% YoY.
- The net profit decreased 26.6% QoQ and increased 571.3% YoY.
- The earnings per share (EPS) of Sharda Cropchem Ltd stood at 3.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 929.94 | 802.37 | 644.62 | 15.9% | 44.3% |
Total Expenses | 884.01 | 756.85 | 632.51 | 16.8% | 39.8% |
Profit Before Tax | 45.93 | 45.52 | 12.12 | 0.9% | 279.0% |
Tax | 14.79 | 3.10 | 7.47 | 377.1% | 98.0% |
Profit After Tax | 31.15 | 42.42 | 4.64 | -26.6% | 571.3% |
Earnings Per Share | 3.50 | 4.70 | 0.50 | -25.5% | 600.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sharda Cropchem Ltd is a global company that operates in the agrochemical sector, primarily engaged in the business of marketing and distribution of a wide range of crop protection chemicals. The company deals extensively in agrochemical products such as fungicides, herbicides, and insecticides. Sharda Cropchem Ltd is known for its asset-light business model, focusing on the registration and distribution of products rather than manufacturing. This strategy allows it to operate efficiently in multiple countries by leveraging its strong distribution networks. The company is headquartered in India and continues to expand its presence in various international markets.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Sharda Cropchem Ltd reported a total income of ₹929.94 crores. This represents a substantial year-over-year increase of 44.3% compared to ₹644.62 crores in the third quarter of fiscal year 2024 (Q3FY24). Sequentially, the company also saw a quarter-over-quarter rise of 15.9% from ₹802.37 crores in the second quarter of fiscal year 2025 (Q2FY25). These figures indicate a positive growth trajectory in the company's revenue, showcasing its ability to enhance income generation over both quarterly and annual periods.
Profitability
The profit before tax for Sharda Cropchem Ltd in Q3FY25 was ₹45.93 crores, marking a significant year-over-year increase of 279.0% from ₹12.12 crores in Q3FY24. However, when compared quarter-over-quarter, there was a marginal increase of 0.9% from ₹45.52 crores in Q2FY25. The tax expense for Q3FY25 was ₹14.79 crores, which has increased substantially by 98.0% year-over-year and a notable 377.1% quarter-over-quarter. Consequently, the profit after tax in Q3FY25 was ₹31.15 crores, reflecting a remarkable year-over-year growth of 571.3% from ₹4.64 crores in Q3FY24, but a decline of 26.6% from ₹42.42 crores in Q2FY25. Earnings per share (EPS) in Q3FY25 stood at ₹3.50, which is a notable increase from ₹0.50 in Q3FY24, but a decrease from ₹4.70 in Q2FY25.
Operating Metrics
In the analysis of operating metrics, Sharda Cropchem Ltd's total expenses in Q3FY25 were ₹884.01 crores, which is up 39.8% year-over-year from ₹632.51 crores in Q3FY24. Quarter-over-quarter, expenses increased by 16.8% from ₹756.85 crores in Q2FY25. The substantial increase in expenses alongside the growth in total income suggests operational scaling. Additionally, the profit margins experienced a shift, with a significant year-over-year improvement in profitability, even though there was a decline in net profit and EPS quarter-over-quarter. These metrics collectively provide insight into the company's operational efficiency and cost management over time.
