Hyderabad, January 30, 2025 – TGV SRAAC Limited (BSE: 507753) has reported its unaudited financial results for the third quarter (Q3) and nine months ending December 31, 2024. The company recorded a notable increase in revenue and profitability despite challenges in energy costs.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 45,508 | 42,806 | 40,221 | 1,26,221 | 1,17,795 | 1,54,850 |
| Other Income | 399 | 231 | 396 | 912 | 1,168 | 1,820 |
| Total Income | 45,907 | 43,037 | 40,617 | 1,27,133 | 1,18,963 | 1,56,415 |
| EBITDA | 5,978 | 7,075 | 4,788 | 17,548 | 11,787 | 14,719 |
| Profit Before Tax (PBT) | 3,209 | 4,458 | 2,085 | 9,534 | 7,361 | 8,366 |
| Net Profit (PAT) | 2,381 | 3,290 | 1,521 | 7,042 | 5,355 | 6,012 |
| EPS (₹ per share) | 2.22 | 3.07 | 1.42 | 6.57 | 5.00 | 5.67 |
Profitability Growth: Net profit surged 56.5% YoY to ₹2,381 lakhs in Q3 FY25 compared to ₹1,521 lakhs in Q3 FY24, aided by higher sales volume and improved operational efficiencies.
Segment-Wise Performance
| Segment | Q3 FY25 Revenue | Q3 FY24 Revenue | YoY Growth (%) |
|---|---|---|---|
| Chemicals | ₹44,749 Lakhs | ₹39,227 Lakhs | 14.1% |
| Oils & Fats | ₹1,127 Lakhs | ₹1,256 Lakhs | -10.3% |
- Chemicals Segment: The key growth driver, contributing over 98% of total revenue.
- Oils & Fats Segment: Declined due to weak market demand, contributing only ₹1,127 lakhs.
Operational & Strategic Developments
- Power & Fuel Costs Impact: The company faced an increase in power and fuel expenditure due to an FPPCA charge of ₹3,651 lakhs imposed by the APERC for FY23. TGV SRAAC has appealed against the charge before the Appellate Tribunal for Electricity (APTEL), New Delhi.
- Discontinued Operations: The company incurred a ₹7 lakhs loss from its power plant business in Q3.
- Balance Sheet Strength:
- Total Assets: ₹1,94,986 lakhs as of December 31, 2024.
- Total Liabilities: ₹79,007 lakhs.
- Equity: ₹10,709 lakhs (Face Value ₹10 per share).
Management Commentary
K. Karunakara Rao, Executive Director & CEO, stated:"We have delivered another strong quarter with solid revenue growth and improved profitability. Despite external cost pressures, we remain committed to operational excellence and enhancing shareholder value."
Outlook
- Sustained Revenue Growth: The company expects continued growth in the chemicals segment.
- Regulatory Challenges: Awaiting resolution on FPPCA charges, which could impact financials in the future.
- Operational Efficiencies: Focus on cost optimization to sustain profitability.