Stock Exchange: BSE (532952), NSE (NAHARCAP)
Ludhiana, February 3, 2025 – Nahar Capital and Financial Services Ltd., a Non-Banking Financial Company (NBFC), has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024 (FY25).
Key Financial Highlights (Standalone)
Quarter Ended (Q3 FY25) vs. Previous Quarters (₹ in Lakhs)
Particulars Q3 FY25 (Dec 24) Q2 FY25 (Sep 24) Q3 FY24 (Dec 23) Revenue from Operations 460.27 1453.60 392.97 Other Income 8.96 720.71 1021.05 Total Income 469.23 2174.31 1414.02 Total Expenses 270.51 299.12 220.83 Profit Before Tax (PBT) 198.72 1875.19 1193.19 Net Profit After Tax (PAT) 234.90 1431.55 949.26 Earnings Per Share (EPS) (₹) 1.40 8.55 5.67
- Revenue from operations stood at ₹460.27 lakh, marking an increase of 17.1% YoY but a sharp decline from ₹1453.60 lakh in the previous quarter.
- Net profit for Q3 FY25 came in at ₹234.90 lakh, a significant decline QoQ (₹1431.55 lakh) but an increase YoY (₹949.26 lakh).
- Earnings per share (EPS) dropped to ₹1.40 from ₹8.55 in the previous quarter.
| Particulars | Q3 FY25 (Dec 24) | Q2 FY25 (Sep 24) | Q3 FY24 (Dec 23) |
|---|---|---|---|
| Revenue from Operations | 460.27 | 1453.60 | 392.97 |
| Other Income | 8.96 | 720.71 | 1021.05 |
| Total Income | 469.23 | 2174.31 | 1414.02 |
| Total Expenses | 270.51 | 299.12 | 220.83 |
| Profit Before Tax (PBT) | 198.72 | 1875.19 | 1193.19 |
| Net Profit After Tax (PAT) | 234.90 | 1431.55 | 949.26 |
| Earnings Per Share (EPS) (₹) | 1.40 | 8.55 | 5.67 |
Nine-Months Performance (April-December 2024)
Particulars 9M FY25 (Dec 24) 9M FY24 (Dec 23) Revenue from Operations 2571.50 2189.49 Total Income 4440.32 4485.07 Total Expenses 857.15 718.74 Net Profit After Tax (PAT) 2766.77 3091.86 EPS (₹) 16.52 18.46
- Revenue from operations rose 17.5% YoY to ₹2571.50 lakh.
- Net profit declined 10.5% YoY to ₹2766.77 lakh.
- EPS dropped to ₹16.52 compared to ₹18.46 in the same period last year.
| Particulars | 9M FY25 (Dec 24) | 9M FY24 (Dec 23) |
|---|---|---|
| Revenue from Operations | 2571.50 | 2189.49 |
| Total Income | 4440.32 | 4485.07 |
| Total Expenses | 857.15 | 718.74 |
| Net Profit After Tax (PAT) | 2766.77 | 3091.86 |
| EPS (₹) | 16.52 | 18.46 |
Segment-Wise Performance (Standalone)
Segment Q3 FY25 Revenue (₹ in Lakhs) 9M FY25 Revenue (₹ in Lakhs) Investment/Financial Activity 308.97 3934.82 Real Estate Activity 160.26 505.50
- Investment/Financial Activity contributed the majority of revenue at ₹308.97 lakh for the quarter and ₹3934.82 lakh for nine months.
- Real Estate Activity contributed ₹160.26 lakh in Q3 and ₹505.50 lakh for nine months.
| Segment | Q3 FY25 Revenue (₹ in Lakhs) | 9M FY25 Revenue (₹ in Lakhs) |
|---|---|---|
| Investment/Financial Activity | 308.97 | 3934.82 |
| Real Estate Activity | 160.26 | 505.50 |
Key Financial Highlights (Consolidated)
Particulars Q3 FY25 (Dec 24) Q2 FY25 (Sep 24) Q3 FY24 (Dec 23) Revenue from Operations 460.27 1166.40 392.97 Total Income 469.23 1887.11 1414.02 Total Expenses 270.51 299.12 220.83 Profit Before Tax (PBT) 557.35 1409.08 53.80 Net Profit After Tax (PAT) 648.65 1043.18 (14.57) EPS (₹) 3.87 6.23 (0.09)
- Consolidated net profit came in at ₹648.65 lakh, showing strong improvement from a net loss of ₹14.57 lakh in Q3 FY24.
- EPS improved to ₹3.87 compared to a negative EPS of ₹(0.09) last year.
| Particulars | Q3 FY25 (Dec 24) | Q2 FY25 (Sep 24) | Q3 FY24 (Dec 23) |
|---|---|---|---|
| Revenue from Operations | 460.27 | 1166.40 | 392.97 |
| Total Income | 469.23 | 1887.11 | 1414.02 |
| Total Expenses | 270.51 | 299.12 | 220.83 |
| Profit Before Tax (PBT) | 557.35 | 1409.08 | 53.80 |
| Net Profit After Tax (PAT) | 648.65 | 1043.18 | (14.57) |
| EPS (₹) | 3.87 | 6.23 | (0.09) |
Balance Sheet Highlights (Consolidated)
Particulars As of Dec 31, 2024 (₹ in Lakhs) As of Mar 31, 2024 (₹ in Lakhs) Total Assets 1,80,146.46 1,69,951.09 Total Liabilities 17,301.28 15,767.76
- Total assets grew 5.99% from March 2024 to reach ₹1,80,146.46 lakh.
- Total liabilities increased to ₹17,301.28 lakh, up 9.7% from ₹15,767.76 lakh in March 2024.
| Particulars | As of Dec 31, 2024 (₹ in Lakhs) | As of Mar 31, 2024 (₹ in Lakhs) |
|---|---|---|
| Total Assets | 1,80,146.46 | 1,69,951.09 |
| Total Liabilities | 17,301.28 | 15,767.76 |
Management Commentary
Dinesh Oswal, Managing Director, commented:
Strategic Outlook
- The company remains focused on investment and financial activities as its primary revenue driver.
- With rising market volatility, the company aims to optimize portfolio holdings to mitigate risk.
- The real estate segment remains stable, providing diversification.
- Nahar Capital is expected to enhance operational efficiency and improve returns to shareholders in the upcoming quarters.
Auditor’s Review
Gupta Vigg & Co., Chartered Accountants, conducted a limited review of the financial statements and found no material misstatements.
Conclusion
- Q3 earnings dropped QoQ but showed YoY improvement.
- Investment segment continues to drive growth.
- EPS declined YoY but remains positive.
- Balance sheet remains strong with asset growth.
Investors should monitor the investment portfolio performance and future dividend income trends as key drivers for the company's profitability.
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