Mumbai, January 30, 2025 – Alankit Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights
Standalone Performance (₹ in Lakhs)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
2,196.19
2,371.43
2,512.50
7,441.19
7,366.35
12,663.97
Total Income
2,266.13
2,531.42
2,543.85
7,748.08
7,493.78
12,928.72
EBITDA
497.59
454.95
387.60
1,516.72
1,349.71
2,460.14
Net Profit
334.02
171.67
409.73
868.67
828.78
1,547.28
Earnings Per Share (EPS) - Basic
0.12
0.07
0.18
0.32
0.31
0.69
Revenue saw a year-on-year decline of 12.6%, though profitability improved sequentially.
Net profit stood at ₹334.02 lakh, reflecting a decrease compared to last year's period.
Operational efficiencies contributed to an improved bottom line.
Consolidated Performance (₹ in Lakhs)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
7,276.58
6,434.85
5,261.99
19,904.20
15,674.40
24,571.48
Net Profit
519.83
366.94
811.70
1,639.90
1,551.27
2,198.03
EPS (Basic)
0.19
0.12
0.36
0.58
0.67
0.96
Consolidated revenue increased by 38.3% year-on-year, driven by growth in foreign currency sales and IT-enabled services.
Higher finance costs and depreciation expenses impacted profitability.
E-Governance and IT-enabled services continued to contribute significantly to overall growth.
Segment-Wise Performance
E-Governance Services: Revenue of ₹1,003.85 lakh, marking an increase from the previous quarter.
IT-Enabled Services: Marginal decline in revenue compared to the previous quarter.
Foreign Exchange Services: Strong performance with a rise in foreign currency transactions.
Profitability trends indicated a positive shift, supported by cost optimizations.
Key Corporate Developments
Investment in Subsidiary
The company has invested in its wholly owned subsidiary, Alankit ID Consulting Private Limited, which will provide consultancy and advisory services.
Regulatory Matters
The company has received tax demand notices under the Income Tax Act, with appeals filed against the claims.
Policy Revisions Approved by the Board
Performance Evaluation of the Board of Directors
Nomination & Remuneration Policy
Policy on Materiality of Related Party Transactions
Corporate Social Responsibility Policy
Management Commentary
The company remains focused on strengthening its core segments, particularly in E-Governance and IT services. Despite regulatory challenges, long-term growth prospects remain positive. The recent investment in advisory services aligns with the company’s diversification strategy.
Outlook & Strategic Initiatives
Expansion of foreign currency services to capitalize on increasing demand.
Strengthening high-margin business segments such as IT-enabled and e-governance services.
Active engagement with regulatory authorities to address outstanding tax matters.
The company is positioned for steady growth, supported by its strategic initiatives and business expansion efforts.
Stock Performance & Investor Sentiment
Investors are monitoring the impact of regulatory developments and new business initiatives.
Analysts project moderate earnings growth in upcoming quarters, driven by strong performance in key segments.