Mumbai, India – February 2, 2025: Arfin India Limited (BSE: 539151) has released its unaudited financial results for the quarter and nine months ended December 31, 2024. The results were approved by the company’s Board of Directors in a meeting held on February 2, 2025.
Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 (Dec 31, 2024) | 9M FY24 (Dec 31, 2023) |
|---|---|---|---|---|---|
| Revenue from Operations | 20,706.34 | 17,131.05 | 13,369.92 | 53,092.31 | 46,143.38 |
| Total Income | 18,051.33 | 14,211.93 | 11,545.43 | 46,628.81 | 38,818.10 |
| Total Expenses | 17,748.25 | 13,954.32 | 11,346.65 | 45,767.45 | 38,212.77 |
| Profit Before Tax (PBT) | 450.08 | 354.99 | 218.75 | 1,209.31 | 761.53 |
| Net Profit (PAT) | 303.08 | 257.61 | 198.75 | 861.36 | 604.05 |
| Earnings Per Share (₹ - Basic/Diluted) | 0.18 | 0.15 | 0.13 | 0.51 | 0.38 |
Segment-Wise Performance
- Primary Business Segment: The company continues to focus on manufacturing and trading non-ferrous metals, which remains its sole reportable segment as per IND AS 108.
Corporate Developments
- Re-appointment of Executive Director: Mrs. Pushpa Shah has been reappointed as the Executive Director for another three-year term (February 2, 2025 – February 2, 2028), subject to shareholder approval.
- Leadership Changes:
- Mr. Tarun Kumar Acharya resigned as CFO, effective November 30, 2024.
- Mr. Shubham Jain was appointed as the new CFO, effective December 2, 2024.
- Ms. Saloni Ghanshyam Hurkat resigned as CS & Compliance Officer, effective December 28, 2024.
- Mr. Hardik Shantilal Hundia resigned as Independent Director, effective January 27, 2025.
- Subsidiary Formation: The company has incorporated a new wholly-owned subsidiary, Arfin Titanium and Speciality Alloys Limited, on January 14, 2025, to expand its business in the titanium and specialty alloys sector.
Management Commentary
Jatin M. Shah, Managing Director of Arfin India Limited, stated:"The company has demonstrated strong revenue growth and profitability this quarter. Our strategic initiatives, including the formation of a new subsidiary, will enable us to diversify our offerings and strengthen our market presence in the specialty metals segment."