Gallantt Ipsat announced robust financial performance for the quarter ended December 31, 2024, registering significant growth in net profit and moderate gains in revenue. The company posted a net profit of ₹113.7 crore, a 119% year-on-year (YoY) increase from ₹51.9 crore in the same quarter last year. Revenue from operations increased by 5% YoY to ₹1,118.1 crore, compared to ₹1,062.7 crore in Q3 FY24.
The company attributed the surge in profit to improved operational efficiency, reduced costs, and higher output across key segments.
Key Financial Highlights (YoY):
- Revenue from Operations: ₹1,118.1 crore (up 5%)
- Net Profit: ₹113.7 crore (up 119%)
- Total Income: ₹1,119.1 crore, compared to ₹1,063.8 crore
- Profit Before Tax (PBT): ₹165.1 crore, compared to ₹70.5 crore
- Total Expenses: ₹953.4 crore, compared to ₹879.5 crore
The company’s profit before tax (PBT) rose by 134% YoY, reflecting enhanced margins and cost-saving initiatives. Total expenses increased by 8%, driven by higher raw material consumption and production-related activities.
Gallantt credited the growth to higher demand for its products in both domestic and international markets. The company’s focus on operational efficiency, coupled with effective cost control, played a pivotal role in achieving profitability.
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