January 30, 2025 | Mumbai
Elcid Investments Limited has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The Board of Directors approved the results in a meeting held on January 30, 2025.
Key Financial Highlights (Standalone)
(Figures in ₹ Lakhs)| Particulars | Q3 FY25 | Q3 FY24 | QoQ Growth (%) | 9M FY25 | 9M FY24 | YoY Growth (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,226.89 | 1,461.81 | -16.0% | 3,588.61 | 4,317.88 | -16.9% |
| Total Income | 1,318.40 | 5,781.64 | -77.2% | 11,424.41 | 39,169.64 | -70.8% |
| Total Expenses | 98.10 | 2,578.46 | -96.2% | 362.16 | 11,147.41 | -96.8% |
| Profit Before Tax (PBT) | 1,220.30 | 3,203.18 | -61.9% | 11,062.25 | 28,022.23 | -60.5% |
| Net Profit for the Period | 961.30 | 2,775.66 | -65.4% | 9,143.21 | 25,137.77 | -63.6% |
| Earnings Per Share (₹) | 1,282.42 | 3,701.13 | -65.3% | 12,161.23 | 33,141.16 | -63.3% |
Key Financial Highlights (Consolidated)
(Figures in ₹ Lakhs)| Particulars | Q3 FY25 | Q3 FY24 | QoQ Growth (%) | 9M FY25 | 9M FY24 | YoY Growth (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,741.81 | 2,170.38 | -19.7% | 5,688.42 | 6,415.77 | -11.4% |
| Total Income | 1,836.45 | 5,883.18 | -68.8% | 13,712.89 | 40,529.66 | -66.2% |
| Total Expenses | 361.25 | 1,437.74 | -74.9% | 1,579.98 | 5,312.16 | -70.3% |
| Profit Before Tax (PBT) | 1,475.20 | 4,222.62 | -65.1% | 12,132.91 | 35,217.50 | -65.5% |
| Net Profit for the Period | 1,115.30 | 3,474.27 | -67.9% | 10,359.52 | 30,358.92 | -65.9% |
| Earnings Per Share (₹) | 1,486.72 | 4,631.39 | -67.9% | 13,815.79 | 40,483.92 | -65.9% |
Regulatory Compliance and Auditor’s Report
The financial statements comply with Indian Accounting Standards (Ind AS) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Limited Review Report from V. K. Beswal & Associates does not express an audit opinion but confirms compliance with applicable accounting standards and regulations.The company consolidates results from its subsidiaries:
- Suptaswar Investments and Trading Company Limited
- Murahar Investments and Trading Company Limited
Management Commentary
Varun Vakil, Chairman of Elcid Investments Limited, stated:"Despite market fluctuations, our long-term investment strategy remains robust. We continue to optimize our portfolio and focus on sustainable value creation for our shareholders."
Strategic Outlook
- The company remains a Non-Banking Financial Company (NBFC) focused on investment activities.
- Future performance will depend on market conditions and investment returns.
- The management is actively reviewing the portfolio to mitigate risks from market volatility.
Conclusion
Elcid Investments Limited faced significant revenue and profit declines in Q3 FY25 due to lower investment gains. While the financial results reflect market volatility, the company remains committed to long-term investment strategies.Investors will closely watch market trends and the company's portfolio adjustments in the coming quarters.
