Eveready Industries India Limited announced its financial results for the third quarter ended December 31, 2024, showcasing robust growth across key performance metrics. The company reported a consolidated net profit of ₹13.1 crore for the quarter, a significant 55% year-on-year (YoY) increase from ₹8.41 crore recorded in Q3 FY24.
Revenue and Income Performance
Revenue from operations stood at ₹333.5 crore in Q3 FY25, reflecting a YoY growth of 9% compared to ₹304.9 crore during the corresponding period last year. Total income, including other sources, amounted to ₹333.8 crore, up from ₹305.3 crore in Q3 FY24.
Expense Management and Profitability
Total expenses for the quarter amounted to ₹317.87 crore, an increase of 8% compared to ₹294.97 crore in the same quarter last year. Key components driving expenses included higher material consumption and stock purchases, though the company managed to control employee and other operational costs effectively.
Despite the rise in expenses, Eveready Industries reported a 55% increase in profit before tax (PBT), which stood at ₹15.93 crore compared to ₹10.32 crore YoY.
Tax and Net Profit
The total tax expense for the quarter was ₹2.83 crore, a notable decline from ₹3.16 crore in the previous quarter. As a result, the net profit after tax surged 55% to ₹13.1 crore, showcasing efficient cost management and operational improvements.
Nine-Month Performance
For the nine-month period ending December 31, 2024, the company’s revenue totaled ₹1,045.5 crore, up marginally from ₹1,033.4 crore in the corresponding period of the previous year. Net profit for the period increased to ₹72 crore compared to ₹58.71 crore in the prior period, reflecting continued improvement in performance across multiple quarters.
Eveready Industries attributed its growth to higher sales, operational efficiency, and better cost management, with expectations of sustained performance going forward.
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