Mumbai, January 31, 2025 –
Hybrid Financial Services Limited (BSE: 500262, NSE: HYBRIDFIN) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported moderate growth in revenue and profit across both standalone and consolidated financial statements.
Key Financial Highlights (Standalone)
| Particulars | Q3 FY2025 (₹ in Lakhs) | Q2 FY2025 (₹ in Lakhs) | Q3 FY2024 (₹ in Lakhs) | 9M FY2025 (₹ in Lakhs) | 9M FY2024 (₹ in Lakhs) |
|---|
| Revenue from Operations | 45.45 | 52.72 | 43.45 | 124.02 | 93.44 |
| Other Income | 16.08 | 10.64 | 12.98 | 99.29 | 29.24 |
| Total Income | 61.53 | 63.36 | 56.43 | 223.31 | 122.68 |
| Employee Expenses | 16.30 | 16.04 | 15.90 | 48.58 | 47.89 |
| Finance Costs | - | - | 0.17 | 0.04 | 0.18 |
| Other Expenses | 17.98 | 7.92 | 9.08 | 38.36 | 25.68 |
| Profit Before Tax | 24.40 | 36.04 | 30.26 | 126.30 | 41.68 |
| Net Profit | 5.26 | 36.04 | 30.26 | 107.16 | 41.68 |
stood at ₹0.02 for the quarter, compared to ₹0.12 in the previous quarter.
Key Financial Highlights (Consolidated)
| Particulars | Q3 FY2025 (₹ in Lakhs) | Q2 FY2025 (₹ in Lakhs) | Q3 FY2024 (₹ in Lakhs) | 9M FY2025 (₹ in Lakhs) | 9M FY2024 (₹ in Lakhs) |
|---|
| Revenue from Operations | 127.90 | 179.43 | 105.90 | 446.54 | 308.42 |
| Other Income | 2.15 | 0.80 | 2.65 | 73.47 | 6.40 |
| Total Income | 130.05 | 180.23 | 108.55 | 520.01 | 314.91 |
| Employee Expenses | 35.44 | 32.95 | 42.22 | 101.78 | 117.05 |
| Other Expenses | 36.27 | 24.02 | 22.18 | 91.81 | 63.17 |
| Profit Before Tax | 50.66 | 112.85 | 35.95 | 297.87 | 109.84 |
| Net Profit | 31.52 | 110.72 | 31.95 | 276.60 | 105.84 |
The
consolidated EPS for the quarter was ₹0.11, down from ₹0.38 in the previous quarter.
Corporate Updates
- The company continues to focus on financial services as its sole business segment.
- Exceptional item of ₹19.14 lakh was recorded in Q3 due to payments made against a court decree.
- The merger of subsidiary Maximus Securities Limited with Hybrid Financial Services is underway, with the National Company Law Tribunal (NCLT) approving the first motion.
- The company still awaits final asset discharge from debenture holders and bankers despite completing all payments under its 2005 and 2010 compromise schemes.
Auditor’s Review
The
limited review report by
S. Ramanand Aiyar & Co., Chartered Accountants, found no material misstatements in the financial statements. The review was conducted as per
SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Outlook
Hybrid Financial Services is expected to focus on:
- Strengthening its core financial services offerings.
- Completing the Maximus Securities merger to consolidate operations.
- Resolving outstanding legal matters to unlock asset value.
While financial performance has shown
moderate growth, revenue consistency and cost control will be key focus areas moving forward.