John Deere Financial India Private Limited reported its financial results for the quarter ending December 31, 2024 (Q3 FY25), showcasing a steady year-on-year growth in revenue and profitability.
Key Financial Highlights (Q3 FY25):
Revenue from Operations:
- Stood at ₹183.06 crore, up 7.4% from ₹170.46 crore in Q3 FY24.
- This includes ₹181.46 crore from interest income and ₹1.59 crore from other operating income.
Total Income:
- Increased to ₹194.81 crore, compared to ₹176.63 crore in the same period last year.
Net Profit After Tax (PAT):
- Stood at ₹34.86 crore, reflecting a significant 31.4% rise from ₹26.54 crore in Q3 FY24.
Year-to-Date (YTD) FY25 Performance (April-December):
- Total Revenue from Operations:
Reached ₹532.53 crore, up from ₹502.54 crore during the same period last year. - Net Profit:
Increased to ₹110.92 crore, compared to ₹95.89 crore in YTD FY24.
Operational Highlights:
Expenses:
- Total expenses stood at ₹147.94 crore, an increase from ₹140.93 crore in Q3 FY24.
- Key contributors included finance costs (₹71.24 crore) and employee benefits expense (₹28.27 crore).
Profit Before Tax (PBT):
- Reported at ₹46.86 crore, showcasing consistent profitability.
Taxation:
- Current tax for the quarter was ₹13.24 crore.
- Deferred tax adjustments led to an overall tax expense reduction of ₹1.24 crore.
John Deere Financial India’s focus on operational efficiency and prudent financial management continues to drive its growth trajectory, positioning the company for sustained success in FY25.
