Mumbai, January 30, 2025 – Atharv Enterprises Limited announced its standalone unaudited financial results for the quarter and nine months ended December 31, 2024.
Financial Highlights (Standalone)
Quarterly Performance (Q3 FY2025 vs. Q3 FY2024)
Particulars
Q3 FY2025 (INR Mn)
Q2 FY2025 (INR Mn)
Q3 FY2024 (INR Mn)
Revenue from Operations
0.00
23.48
26.65
Other Income
60.00
61.10
46.31
Total Revenue
60.00
61.10
69.79
Total Expenses
54.60
54.85
63.96
Profit Before Tax
5.40
6.25
5.82
Net Profit
4.05
4.69
4.32
The company reported zero revenue from operations in Q3 FY2025, compared to INR 26.65 Mn in Q3 FY2024.
Other income stood at INR 60 Mn, up from INR 46.31 Mn in the previous year.
Net profit increased 1.6% YoY to INR 4.05 Mn.
Nine-Month Performance (9M FY2025 vs. 9M FY2024)
Particulars
9M FY2025 (INR Mn)
9M FY2024 (INR Mn)
Revenue from Operations
804.13
815.77
Other Income
174.04
136.80
Total Revenue
200.69
940.93
Total Expenses
183.13
923.68
Profit Before Tax
17.56
17.25
Net Profit
13.12
12.79
Revenue from operations declined slightly to INR 804.13 Mn, from INR 815.77 Mn in 9M FY2024.
Other income rose significantly to INR 174.04 Mn, compared to INR 136.80 Mn last year.
Net profit for the period increased to INR 13.12 Mn, up from INR 12.79 Mn.
Segment Performance
The company operates in a single reportable segment, i.e., knitting job work.
Financial Position
The company reported zero outstanding debt, with no defaults on loans or debt securities.
There were no related party transactions disclosed for this quarter.
Auditor’s Review
The company’s statutory auditors conducted a limited review and did not find any material misstatements in the financial results.
Management Commentary
The Managing Director stated: "Despite lower revenues from operations this quarter, our strong cost management and increased other income have contributed to stable profitability. We remain focused on strengthening our core operations and exploring growth avenues in the upcoming quarters."
Strategic Outlook
The company aims to improve its operational efficiency and enhance revenue streams in the upcoming quarters.
Continued efforts are being made to optimize costs and improve profitability in the core knitting job work segment.
Regulatory Disclosures
There were no deviations or variations in fund utilization from public, rights, or preferential issues.
No audit qualifications or modifications were reported in the financial statements.