New Delhi, January 31, 2025
Hexa Tradex Limited (BSE: 534328, NSE: HEXATRADEX) has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on January 31, 2025.
Key Financial Highlights (Standalone)
| Particulars | Q3 FY2025 (₹ Cr) | Q2 FY2025 (₹ Cr) | Q3 FY2024 (₹ Cr) | 9M FY2025 (₹ Cr) | 9M FY2024 (₹ Cr) |
|---|---|---|---|---|---|
| Revenue from Operations | 675.09 | 675.09 | 675.09 | 1,104.91 | 1,104.91 |
| Net Profit/(Loss) After Tax | (87.33) | (234.03) | (59.82) | (259.29) | (60.96) |
| Total Comprehensive Income | (87.33) | (234.03) | (59.82) | (259.29) | (60.96) |
| Earnings Per Share (₹) | (0.47) | (0.32) | (0.11) | (0.47) | (0.11) |
- Revenue remained stable at ₹675.09 crore for the quarter.
- Net loss stood at ₹87.33 crore, widening from ₹59.82 crore in Q3 FY2024.
- Comprehensive income remained negative, reflecting the decline in profitability.
- Earnings per share (EPS) came in at -₹0.47, compared to -₹0.11 in Q3 FY2024.
Key Financial Highlights (Consolidated)
| Particulars | Q3 FY2025 (₹ Cr) | Q2 FY2025 (₹ Cr) | Q3 FY2024 (₹ Cr) | 9M FY2025 (₹ Cr) | 9M FY2024 (₹ Cr) |
|---|---|---|---|---|---|
| Revenue from Operations | 766.56 | 766.56 | 766.56 | 1,104.91 | 1,104.91 |
| Net Profit/(Loss) After Tax | (2,158.71) | 2,176.15 | (2,423.02) | (4,286.98) | 9,376.03 |
| Total Comprehensive Income | (2,132.59) | 2,176.15 | (2,423.02) | (4,286.98) | 9,376.03 |
| Earnings Per Share (₹) | (8.25) | 16.97 | (3.85) | (8.25) | 16.97 |
- Revenue remained stable at ₹766.56 crore for the quarter.
- Consolidated net loss stood at ₹2,158.71 crore, compared to a loss of ₹2,423.02 crore in Q3 FY2024.
- Total comprehensive income remained negative at ₹2,132.59 crore.
- Earnings per share (EPS) stood at -₹8.25 compared to -₹3.85 in Q3 FY2024.
Segment Performance
The company operates in two key segments: Trading & Other Activities and Investment & Finance.- Trading & Other Activities: Reported positive segment revenue but faced pressure due to finance costs and taxation.
- Investment & Finance: The segment reported significant losses, mainly due to fair valuation adjustments and changes in deferred tax liability.
Corporate Announcements
- Delisting Process: The delisting of Hexa Tradex Limited has been completed, and payments have been made to shareholders who participated. The final application is pending approval from BSE and NSE.
- SEBI Show Cause Notice: SEBI issued a Show Cause Notice (SCN) dated March 18, 2024, regarding alleged violations of SEBI Act provisions. The company and other noticees have filed their settlement application, and the matter is pending.
- Deferred Tax Reassessment: The company has remeasured deferred tax liability concerning fair value changes in investments, following the changes in tax rates under the Finance (No.2) Act, 2024. This resulted in a ₹36,234.12 crore reduction in deferred tax liability, recognized under Other Comprehensive Income.
Management Commentary
Ravinder Nath Leekha, Chairperson, commented: "The company's financial performance in Q3 FY2025 reflects the ongoing challenges in the investment and finance segment, leading to increased losses. However, the stability in our trading and other activities segment provides a strong foundation for long-term growth. We remain focused on improving our financial position and completing the delisting process."Outlook
- Delisting Approval: Pending final approval from stock exchanges.
- Regulatory Compliance: SEBI matter under review, with settlement applications filed.
- Financial Stability Measures: The company is focused on optimizing its investment portfolio and reassessing tax liabilities to improve profitability.