LT Foods Reports Q3 FY2024-25 Results: ₹2,848.19 Crore Revenue, ₹145.71 Crore Net Profit

Gurugram, India – January 28, 2025: LT Foods Limited (NSE: LTFOODS, BSE: 532783), a global leader in rice and food products, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company has delivered strong revenue growth while maintaining profitability in a challenging economic environment.

Key Financial Highlights (Consolidated) – Q3 FY2024-25​

• Revenue from Operations: ₹2,848.19 crore (YoY growth from ₹2,717.89 crore)
• Total Income: ₹2,825.67 crore
• Net Profit: ₹145.71 crore (YoY decline from ₹154.62 crore)
• Earnings Per Share (EPS): ₹4.13 per share
• Total Expenses: ₹2,642.24 crore
• Profit Before Tax (PBT): ₹197.83 crore.

Segment-Wise Performance​

• Rice & Agri-Business: Contributed significantly to overall revenue.
• Organic & Health Foods: Saw continued demand growth.
• Other Agri Products: Showed steady performance.

Nine-Month Performance (April – December 2024)​

• Total Revenue: ₹8,825.67 crore (YoY increase from ₹8,568.07 crore)
• Net Profit: ₹457.14 crore (YoY increase from ₹445.62 crore)
• Earnings Per Share (EPS): ₹12.81 per share
• Total Expenses: ₹7,642.24 crore
• Profit Before Tax (PBT): ₹783.95 crore.

Key Developments & Strategic Moves​

1. Acquisition of Nature Bio-Foods Limited:
   • LT Foods acquired a 17.5% stake in Nature Bio-Foods Limited for ₹110 crore, making it a wholly-owned subsidiary.
2. Insurance Claim Recovery Update:
   • LT Foods' subsidiary, Daawat Foods Limited, secured a favorable court ruling in its long-standing ₹1,341 crore insurance claim dispute.
   • The Supreme Court ordered the insurance company to deposit the full amount, solidifying LT Foods' legal stance and potential future cash inflows.
3. Fourth Interim Dividend Declared:
   • The company declared a fourth interim dividend of ₹0.50 per share with a face value of ₹1 per equity share.

Management Commentary​

"Despite global inflationary pressures and supply chain disruptions, LT Foods continues to deliver strong revenue growth while maintaining profitability. Our recent acquisitions and legal wins position us well for sustained long-term growth," said Ashwani Kumar Arora, Managing Director of LT Foods.

Market Implications & Future Outlook​

• Strong revenue growth reinforces LT Foods' rice and organic food dominance.
• The acquisition of Nature Bio-Foods aligns with the company's expansion strategy in organic food products.
• Positive legal resolution on insurance claims may lead to a substantial cash inflow, improving liquidity.

Investors are encouraged to track future earnings updates and strategic expansions as LT Foods maintains its growth trajectory in domestic and international markets.