Mumbai, January 28, 2025—Kaya Limited (NSE: KAYA, BSE: 539276) reported a net loss of ₹15.39 crore for Q3 FY25, reflecting higher operational costs and business restructuring expenses. The company also announced key board appointments and approved a ₹90 crore loan repayment plan for its directors.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹58.35 crore | ₹55.63 crore | +4.9% |
| Total Income | ₹59.47 crore | ₹56.55 crore | +5.2% |
| Net Profit (PAT) | ₹(15.39) crore | ₹(2.88) crore | Negative |
| Earnings Per Share (EPS) | ₹(11.77) | ₹(2.20) | Negative |
- Revenue: ₹172.73 crore (+3.4% YoY).
- Net Loss: ₹(19.53) crore (vs ₹(43.95) crore loss in 9M FY24).
Operational & Business Highlights
1. Board Approvals & Key Corporate Announcements
- Approval to borrow ₹9 crore each from Directors Harsh Mariwala & Rajen Mariwala.
- Approval to repay ₹90 crore in director loans, subject to shareholder approval.
2. New Appointments to the Board
- Vivek Anant Karve appointed Independent Director for a five-year term starting April 1, 2025.
- Anita Belani appointed as Independent Director for a five-year term starting April 1, 2025.
- Nikhil Khattau will transition from Independent Director to Non-Executive Director, effective April 1, 2025.
3. Financial Adjustments & Restructuring Measures
- Impairment losses of ₹55.85 lakh were recorded on investments.
- ₹4 crore loss recognized on asset sales as part of financial restructuring.
Management Commentary
Harsh Mariwala, Chairman & Managing Director, Kaya, stated:"Despite current challenges, we remain focused on stabilizing operations and driving strategic transformation. With new leadership appointments and financial restructuring, we are positioning Kaya for long-term profitability and sustainable growth."
Strategic Outlook & Market Positioning
- Cost control & restructuring measures aimed at reducing operational losses.
- Leadership transition is expected to enhance governance & strategic decision-making.
- Expansion in premium skincare & wellness services to drive future revenue growth.