Chennai, India | January 30, 2025 – Indo National Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company's Board of Directors approved the results at today's meeting.
Key Financial Highlights (Standalone)
(₹ in Lakhs)
Particulars
Q3 FY25 (Dec 2024)
Q2 FY25 (Sep 2024)
Q3 FY24 (Dec 2023)
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
12,163.30
12,757.07
12,153.29
36,086.35
36,246.94
46,807.97
Total Income
12,340.34
13,092.98
12,322.50
36,672.83
36,997.54
47,185.78
EBITDA
1,129.38
1,209.28
1,124.94
3,638.39
3,667.32
4,838.34
Profit Before Tax
27.18
170.98
228.21
307.41
931.15
804.04
Net Profit
63.18
199.98
188.21
364.41
719.45
670.04
EPS (₹)
0.84
2.67
2.51
4.86
9.99
8.93
Key Financial Highlights (Consolidated)
(₹ in Lakhs)
Particulars
Q3 FY25 (Dec 2024)
Q2 FY25 (Sep 2024)
Q3 FY24 (Dec 2023)
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
12,163.30
12,757.07
16,832.21
37,035.73
47,167.36
64,060.25
Total Income
12,340.33
13,092.99
17,107.64
55,713.21
47,917.39
65,070.84
EBITDA
1,129.37
1,209.29
1,487.83
5,648.42
5,585.46
7,474.38
Profit Before Tax
(1,238.94)
187.55
811.70
15,392.98
710.34
1,941.85
Net Profit
(1,207.03)
216.55
344.23
12,186.42
761.56
1,463.84
EPS (₹)
(16.09)
2.89
4.59
164.91
9.62
12.83
Segment-Wise Performance
Consumer Goods remained the primary revenue driver with ₹12,163.30 lakh in Q3 FY25.
Composites & Aerospace recorded zero revenue this quarter following the divestment of Kineco Ltd. in June 2024.
Other Segments contributed minimally at ₹16.19 lakh in Q3 FY24 but were absent in the latest quarter.
Key Corporate Developments
Divestment of Kineco Ltd.: The company’s subsidiary, Helios Strategic Systems Ltd., sold its shares in Kineco Ltd. in June 2024, leading to the loss of control over Kineco and its subsidiaries.
Ongoing Suo Moto Case: The company deposited ₹4.22 Cr with the NCLAT as a penalty for cartelization allegations in Zinc Carbon Dry Cell batteries.
Amalgamation of Subsidiary: The Board approved merging Helios Strategic Systems Ltd. with Indo National Ltd. pending statutory approvals.
Management Commentary
J. Srinivasan, Company Secretary, stated: "Despite short-term challenges in the composites segment post-divestment, our core consumer goods division continues to perform steadily. We are optimistic about long-term growth and profitability."
Strategic Outlook
Indo National Limited focuses on core consumer goods and strategic restructuring to enhance profitability.
With the divestment of Kineco Ltd., the company is realigning its focus on high-growth sectors.
The amalgamation of Helios Strategic Systems Ltd. is expected to improve operational efficiency.
Conclusion
Indo National Limited has delivered a resilient performance in Q3 FY25 despite revenue pressures in its consolidated results. The consumer goods segment remains robust while restructuring efforts post-Kineco divestment position the company for sustained growth.