Mumbai, January 30, 2025
Ishwarshakti Holdings & Traders Limited has reported its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The results were reviewed and approved in the Board Meeting held on January 30, 2025.Key Financial Highlights (Standalone)
(All figures in ₹’000, unless stated otherwise)| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 (Dec 31, 2024) | 9M FY24 (Dec 31, 2023) | FY24 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹803.44 | ₹4,778.77 | ₹5,865.93 | ₹11,814.33 | ₹15,710.35 | ₹19,559.58 |
| Other Income | ₹171.70 | ₹105.23 | ₹103.46 | ₹414.71 | ₹317.66 | ₹819.82 |
| Total Income | ₹975.14 | ₹4,884.00 | ₹5,969.39 | ₹12,229.04 | ₹16,028.51 | ₹20,379.40 |
| Total Expenses | ₹2,287.47 | ₹4,655.50 | ₹4,854.87 | ₹12,011.96 | ₹12,576.58 | ₹16,724.55 |
| Profit/(Loss) Before Tax | ₹(1,312.23) | ₹828.17 | ₹1,114.52 | ₹217.08 | ₹3,429.94 | ₹3,654.85 |
| Net Profit/(Loss) After Tax | ₹(1,023.35) | ₹630.70 | ₹1,387.05 | ₹133.87 | ₹3,302.30 | ₹3,032.96 |
| Earnings Per Share (₹10 face value) | Basic | ₹(0.72) | ₹0.44 | ₹0.96 | ₹0.09 | ₹2.29 |
| Diluted | ₹(0.72) | ₹0.44 | ₹0.96 | ₹0.09 | ₹2.29 |
- The company recorded a sharp decline in revenue YoY, from ₹15,710.35 thousand in 9M FY24 to ₹11,814.33 thousand in 9M FY25.
- Net profit plunged YoY from ₹3,302.30 thousand in 9M FY24 to ₹133.87 thousand in 9M FY25, primarily due to increased expenses.
- A quarterly loss of ₹(1,023.35) thousand in Q3 FY25, compared to a profit of ₹1,387.05 thousand in Q3 FY24.
Financial Position
- Total Assets stood at ₹37,973.03 thousand (Dec 31, 2024) vs. ₹24,937.83 thousand (Mar 31, 2024).
- Financial Assets increased significantly to ₹21,328.52 thousand from ₹9,015.84 thousand.
- Total Liabilities declined to ₹12,898.97 thousand from ₹11,926.96 thousand.
Cash Flow Overview
- Cash flow from operations: ₹(1,498.39) thousand (negative).
- Cash flow from investing: ₹(11,934.84) thousand, impacted by significant investment purchases.
- Cash flow from financing: ₹13,384.87 thousand raised, primarily through equity issuance.
Corporate Announcements
- Demerger Update: The company has successfully executed the demerger process as per NCLT approval, effective from April 1, 2021.
- Share Allocation: 4,90,000 shares of Seksaria AgriTech have been allotted to the company, with planned transfer to Seksaria Finance Limited.
Management Outlook
Geeta K. Seksaria, Managing Director, stated:Strategic Direction
- Stabilizing revenue streams after the demerger.
- Exploring restructuring and investment optimization for sustainable growth.