Shree Renuka Sugars Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Shree Renuka Sugars Ltd reported a 2.2% 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 13.9%.
- Its expenses for the quarter were up by 9.5% QoQ and down 8.5% YoY.
- The net profit increased 781.8% QoQ and increased 18.6% YoY.
- The earnings per share (EPS) of Shree Renuka Sugars Ltd declined at 1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2635.10 | 2578.20 | 3062.10 | 2.2% | -13.9% |
Total Expenses | 2869.30 | 2619.40 | 3135.70 | 9.5% | -8.5% |
Profit Before Tax | -234.20 | -41.20 | -73.60 | 468.4% | 218.2% |
Tax | -30.50 | -18.10 | 98.10 | 68.5% | -131.1% |
Profit After Tax | -203.70 | -23.10 | -171.70 | 781.8% | 18.6% |
Earnings Per Share | -1.00 | -0.10 | -0.80 | 900.0% | 25.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Shree Renuka Sugars Ltd is a prominent entity in the sugar industry, primarily engaged in the production of sugar, ethanol, and power generation. The company operates within the agricultural and food processing sectors, focusing on sugarcane cultivation and processing. Shree Renuka Sugars Ltd is recognized for its integrated business model, which includes refining raw sugar, producing ethanol for fuel, and generating renewable energy. As of the recent period, there are no major publicly available developments or changes in the company's strategic direction or operations.
Revenue
In Q3FY25, Shree Renuka Sugars Ltd reported a total income of ₹2635.10 crores, showing a quarter-over-quarter (QoQ) increase of 2.2% from ₹2578.20 crores in Q2FY25. However, there is a noticeable year-over-year (YoY) decline of 13.9% from the total income of ₹3062.10 crores in Q3FY24. This fluctuation reflects variations in market conditions and business operations over the respective periods. The revenue figures suggest a short-term improvement over the last quarter, despite a decline when compared with the same quarter of the previous financial year.
Profitability
The profitability metrics for Shree Renuka Sugars Ltd indicate a challenging quarter. The company recorded a loss before tax of ₹234.20 crores in Q3FY25, which is a significant increase from a loss of ₹41.20 crores in Q2FY25, and also larger than the loss of ₹73.60 crores in Q3FY24. The profit after tax also declined to a loss of ₹203.70 crores, compared to a loss of ₹23.10 crores in the previous quarter, and a loss of ₹171.70 crores in the same quarter last year. The earnings per share (EPS) were noted at -₹1.00, which is a further decline from -₹0.10 in Q2FY25 and -₹0.80 in Q3FY24. These figures highlight the company's increased financial burden over the recent quarters.
Operating Metrics
The total expenses for Shree Renuka Sugars Ltd in Q3FY25 were ₹2869.30 crores, marking a 9.5% increase from ₹2619.40 crores in Q2FY25. When compared to Q3FY24, the expenses have decreased by 8.5% from ₹3135.70 crores. The tax expense showed a reduction with a negative tax of -₹30.50 crores in Q3FY25, compared to -₹18.10 crores in Q2FY25 and a positive tax of ₹98.10 crores in Q3FY24. The trends in expenses and tax liabilities are indicative of the company's operational and fiscal strategies during this period. These operational metrics provide insight into the company's cost management and tax positioning in the given quarter.
