Mumbai, January 31, 2025 – Libord Securities Limited (BSE: 531027) has announced its standalone unaudited financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights (₹ in Lakhs)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
0.00
0.00
1.50
0.00
1.50
1.50
Other Income
1.25
23.34
29.85
21.79
62.32
80.11
Total Income
1.25
23.34
31.35
21.79
63.82
81.61
Total Expenses
57.65
9.79
11.62
32.78
23.62
31.50
Profit/(Loss) Before Tax
(56.40)
13.55
19.73
(10.99)
40.20
50.11
Net Profit/(Loss)
(45.15)
9.81
14.61
(11.50)
30.08
37.35
Other Comprehensive Income
(9.43)
2.20
5.02
(6.23)
8.87
14.88
Total Comprehensive Income
(54.58)
12.01
19.63
(17.73)
38.95
52.23
Earnings per Share (₹)
(0.90)
0.20
0.29
(0.23)
0.60
0.75
Performance Analysis
The company reported zero revenue from operations in Q3 FY25, consistent with Q2 FY25 but down from ₹1.50 lakh in Q3 FY24.
Other income fell sharply to ₹1.25 lakh from ₹23.34 lakh in Q2 FY25 and ₹29.85 lakh in Q3 FY24.
Total expenses surged to ₹57.65 lakh, significantly higher than ₹9.79 lakh in the previous quarter.
This led to a net loss of ₹45.15 lakh, reversing a profit of ₹9.81 lakh in Q2 FY25 and ₹14.61 lakh in Q3 FY24.
The earnings per share (EPS) declined to ₹(0.90) in Q3 FY25 from ₹0.20 in Q2 FY25.
Auditor’s Review
The financials have undergone a limited review by RMR & Co., Chartered Accountants. The auditors confirmed that the statements comply with SEBI regulations and do not contain material misstatements.
Corporate Announcements
The financial results were approved at the board meeting held on January 31, 2025, which commenced at 2:00 PM and concluded at 2:30 PM.
The company reiterated that it operates primarily in the financial services sector and does not have separate reportable segments.
Outlook
Libord Securities faces a challenging financial landscape, with declining revenues and increased expenses leading to losses. Investors will be keen to see whether the company can improve its revenue streams in the upcoming quarters.