Jupiter Industries & Leasing Ltd. announced its unaudited financial results for the quarter and nine months ended December 31, 2024, following the Board of Directors' meeting on January 30, 2025.
Key Financial Highlights (₹ in Lakhs)
Particulars
Q3 FY25 (31.12.24)
Q2 FY25 (30.09.24)
Q3 FY24 (31.12.23)
9M FY25 (31.12.24)
9M FY24 (31.12.23)
FY24 (31.03.24)
Net Sales / Income from Ops
0.00
0.00
0.00
0.00
0.00
0.00
Other Income
0.00
0.00
0.00
0.00
0.00
0.00
Total Income
0.00
0.00
0.00
0.00
0.00
0.00
Total Expenses
2.05
2.26
1.64
5.95
5.87
8.19
Profit / (Loss) Before Tax
(2.05)
(2.26)
(1.64)
(5.95)
(5.87)
(8.19)
Earnings Per Share (₹)
(0.20)
(0.23)
(0.16)
(0.59)
(0.59)
(0.82)
The company reported a net loss of ₹2.05 lakhs in Q3 FY25, widening from ₹1.64 lakhs in Q3 FY24.
Employee benefits expenses rose to ₹0.80 lakhs in Q3 FY25 from ₹0.40 lakhs in Q3 FY24.
Other expenditure stood at ₹1.25 lakhs, slightly down from ₹1.66 lakhs in Q2 FY25.
Corporate Announcements
Appointment of Secretarial Auditor
The Board approved the appointment of Nishtha Khandelwal & Associates as the Secretarial Auditor for FY 2024-25.
No Business Activity
The company reported no business activity in FY24 or FY25, leading to the non-applicability of Ind AS 108 segment reporting.
Going Concern and Contingent Liabilities
The company has accumulated losses and erosion of net worth, raising doubts about its ability to continue as a going concern.
Outstanding debt liability of ₹16,424.25 lakhs, with unprovided interest and payables of ₹2,059.44 lakhs as of Q3 FY25.
The management is working on resource arrangements to sustain operations.
Auditor’s Observations
Interest on outstanding bank loans has not been provided, amounting to ₹16,424.25 lakhs.
The company’s future depends on fresh fund infusion, as existing cash flows are insufficient.
Conclusion
Jupiter Industries & Leasing Ltd. continues to struggle with zero revenue, high expenses, and substantial outstanding debt. The company’s ability to sustain operations remains uncertain, subject to fund infusion and potential restructuring. Investors are advised to exercise caution amid ongoing financial constraints.
