Gurgaon, January 31, 2025
Dhani Services Limited (NSE: DHANI-EQ, BSE: 532960) has reported a consolidated net loss of ₹7,393.79 lakh for the quarter ended December 31, 2024, against a net loss of ₹8,946.41 lakh in the corresponding quarter of the previous year.Financial Highlights (₹ in Lakh)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 9,491.33 | 10,263.31 | 8,711.31 | 30,491.57 | 30,528.52 | 42,284.80 |
| Total Income | 11,323.75 | 10,913.08 | 10,754.20 | 35,128.54 | 34,500.52 | 47,933.60 |
| Total Expenses | 10,295.61 | 7,829.71 | 19,466.02 | 37,806.70 | 60,463.10 | 81,383.95 |
| Profit/(Loss) Before Tax | 3,083.37 | 1,028.14 | (8,711.82) | (2,678.16) | (25,962.58) | (33,450.35) |
| Net Profit/(Loss) After Tax | 521.62 | 419.45 | (8,946.41) | (7,393.79) | (28,893.21) | (37,394.28) |
| EPS (₹) – Basic & Diluted | 0.28 | 0.08 | (1.55) | (1.07) | (5.01) | (6.49) |
- Revenue from operations stood at ₹9,491.33 lakh in Q3 FY25, marking an 8.9% YoY increase from ₹8,711.31 lakh in Q3 FY24.
- Interest income stood at ₹4,483.75 lakh, with fees and commission income growing to ₹4,584.17 lakh.
Segment-Wise Performance
| Segment | Q3 FY25 Revenue (₹ Lakh) | YoY Growth |
|---|---|---|
| Financing, Digital Wallet & Related Services | 6,077.68 | 4.49% |
| Broking & Related Activities | 3,119.24 | 18.18% |
| Asset Reconstruction & Related Activities | 1,977.66 | 35.45% |
| Real Estate Development | 64.11 | 374.89% |
Corporate Developments & Strategic Initiatives
- Preferential Issue of Warrants:
- The board approved the issuance of 4.5 crore convertible warrants at ₹90.30 per warrant, aggregating to ₹406.35 crore.
- Shareholder approval was obtained on January 25, 2025.
- Shift in Registered Office:
- The company moved its registered office from the National Capital Territory of Delhi to Haryana.
- Amalgamation with Yaari Digital Integrated Services Limited:
- NCLT approved the first motion application on January 29, 2025, for the merger of Dhani Services and its subsidiaries with Yaari Digital Integrated Services.
Impairment Losses Impacting Performance
- The company recorded an impairment loss of ₹47,448.40 lakh on financial assets and ₹19,771.80 lakh on non-financial assets due to the underperformance of subsidiaries and trusts.
- Dhani Loans and Services Limited alone recorded impairment losses amounting to ₹4,123.21 lakh.
Outlook & Challenges
Despite improvement in revenue streams, high impairment costs and restructuring efforts continue to impact profitability. However, strategic initiatives like preferential issuance, real estate expansion, and a merger with Yaari Digital could drive future growth.Stock Performance & Investor Sentiment:
Dhani Services' stock movement will be closely watched for investor sentiment in response to these financials and corporate announcements.
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