Mumbai, January 30, 2025
Black Rose Industries Ltd. has announced its unaudited financial results for the quarter and nine months ending December 31, 2024. The company reported strong revenue growth and strategic business realignment, including the closure of its wholly-owned subsidiary in Japan.Key Financial Highlights (Standalone)
(Figures in ₹ Lakhs, unless stated otherwise)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 8,769.58 | 9,304.61 | 5,928.24 | 25,491.76 | 19,824.57 | 28,117.10 |
| Other Income | 96.07 | 643.87 | 102.77 | 840.67 | 273.25 | 389.87 |
| Total Revenue | 8,865.64 | 9,948.48 | 6,031.01 | 26,332.43 | 20,097.82 | 28,506.97 |
| Total Expenses | 8,071.09 | 8,746.07 | 5,316.40 | 23,703.44 | 18,059.23 | 25,758.20 |
| EBITDA | 902.44 | 1,304.67 | 810.74 | 2,924.75 | 2,326.22 | 3,154.07 |
| Profit Before Tax | 794.55 | 1,202.41 | 714.61 | 2,628.99 | 2,038.59 | 2,748.77 |
| Net Profit After Tax | 592.12 | 1,026.84 | 525.42 | 2,087.16 | 1,514.93 | 2,042.70 |
| EPS (₹ per share) | 1.16 | 2.01 | 1.03 | 4.09 | 2.97 | 4.01 |
Consolidated Financial Performance
(Includes wholly-owned subsidiary in Japan)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 8,671.24 | 12,333.29 | 9,361.66 | 30,831.42 | 26,506.03 | 38,041.67 |
| Total Expenses | 7,999.56 | 11,766.89 | 8,730.21 | 29,059.64 | 24,708.25 | 35,646.31 |
| Profit Before Tax | 768.00 | 649.59 | 740.62 | 2,055.07 | 2,093.48 | 2,857.82 |
| Net Profit After Tax | 570.31 | 470.92 | 543.56 | 1,513.24 | 1,553.29 | 2,122.87 |
| EPS (₹ per share) | 1.12 | 0.92 | 1.07 | 2.97 | 3.05 | 4.16 |
Key Business Developments
1. Subsidiary Closure
- Following a comprehensive operational review, the Board of Directors decided to discontinue the business operations of its wholly-owned foreign subsidiary.
- The decision was driven by a focus on transactions with sustainable profitability, leading to a significant increase in profitability on a consolidated basis.
- The impact of this closure is not reflected in the financials for Q3 FY25, as it is considered a non-adjusting event.
2. Fire Incident at Kolhapur Facility
- A fire incident occurred at a rented-out building, which was not used for business operations.
- The company confirmed no impact on its core business and has filed an insurance claim to cover the damages.
Management Commentary
A company representative commented:Strategic Outlook
- The company aims to optimize its core chemical business, leveraging operational efficiencies and sustainable revenue streams.
- With the closure of loss-making subsidiaries, the company is expected to further improve margins and enhance shareholder value.
Stock Market Implications
- The stock may react to the subsidiary closure announcement, as it reflects strong financial discipline.
- Investors are likely to focus on earnings growth, profitability improvements, and potential future expansion plans.