Kolkata, January 31, 2025 – Teesta Agro Industries Limited (BSE: 524204) has released its unaudited standalone financial results for the third quarter (Q3 FY25) ended December 31, 2024. The company reported a significant increase in revenue and profits, reflecting strong operational performance.
Key Financial Highlights (Standalone)
(All figures in ₹ lakh unless stated otherwise)| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 6,498 | 5,326 | 4,813 | 14,827 | 12,523 |
| Other Income | 9 | - | 4 | 10 | 9 |
| Total Revenue | 6,497 | 5,326 | 4,817 | 14,837 | 12,532 |
| Cost of Materials Consumed | 4,898 | 4,755 | 3,770 | 11,789 | 9,867 |
| Changes in Inventories | 406 | (86) | 228 | 211 | 448 |
| Employee Costs | 374 | 158 | 185 | 757 | 523 |
| Finance Costs | 15 | 2 | 32 | 58 | 76 |
| Depreciation & Amortization | 65 | 51 | 53 | 171 | 153 |
| Other Expenses | 494 | 352 | 475 | 1,445 | 1,267 |
| Total Expenses | 6,252 | 5,232 | 4,743 | 14,431 | 12,334 |
| Profit Before Tax (PBT) | 245 | 94 | 74 | 406 | 198 |
| Tax Expense | 57 | 23 | 23 | 98 | 57 |
| Net Profit | 188 | 71 | 51 | 308 | 141 |
| Earnings Per Share (₹) | 3 | 1 | 1 | 6 | 3 |
Balance Sheet Overview (As of Dec 31, 2024)
- Total Assets: ₹16,714 lakh (vs. ₹17,442 lakh as of March 31, 2024)
- Equity Capital: ₹557 lakh
- Other Equity: ₹10,829 lakh
- Short-Term Borrowings: ₹33 lakh (declined from ₹879 lakh in March 2024)
- Trade Receivables: ₹3,075 lakh (up from ₹2,357 lakh in March 2024)
- Cash & Cash Equivalents: ₹1,318 lakh (up from ₹1,000 lakh in March 2024)
Management Commentary
Commenting on the performance, Hardey Singh, Managing Director of Teesta Agro Industries, stated:Auditor's Review
Mantry & Associates, the statutory auditors, conducted a limited review and confirmed that the financial results comply with SEBI regulations without any modifications.Strategic Outlook
- Continued Focus on Fertilizer Business: The company remains committed to strengthening its position in the fertilizer market.
- Seasonal Impact Considerations: Given the cyclical nature of the business, results for the quarter may not reflect the full-year performance.
- Improved Financial Health: Reduction in borrowings and increase in cash reserves position the company well for future growth.