Mumbai, January 28, 2025 – NDL Ventures Limited (formerly known as NXTDIGITAL Limited, NSE: NDLVENTURE, BSE: 500189) has announced its Q3 FY25 financial results, reporting a net profit of ₹6.59 lakh, significantly lower than ₹35.98 lakh in Q3 FY24. The company attributed this to controlled operational expenses while awaiting regulatory approvals for its merger with Hinduja Leyland Finance Limited.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Total Income | ₹116.70 lakh | ₹141.16 lakh | -17.3% |
| Net Profit (PAT) | ₹6.59 lakh | ₹35.98 lakh | -81.7% |
| Earnings Per Share (EPS) | ₹0.02 | ₹0.10 | -80% |
| Employee Expenses | ₹50.75 lakh | ₹50.78 lakh | -0.06% |
| Other Expenses | ₹55.88 lakh | ₹41.74 lakh | +33.9% |
- Total Income: ₹380.70 lakh (-13.5% YoY).
- Net Profit: ₹45.09 lakh (-65.1% YoY).
Pending Merger with Hinduja Leyland Finance
- Merger Approval Status:
- The Board of Directors approved the merger on November 25, 2022.
- The process is awaiting statutory and regulatory approvals, including shareholder clearance.
- The merger is not yet reflected in the financial results.
Regulatory Compliance & Limited Review Report
- Statutory Auditor Review: The financial results were reviewed by S. K. Patodia & Associates LLP, confirming no material misstatements.
- Financial Reporting: Prepared under Ind AS guidelines, in compliance with SEBI (LODR) Regulations, 2015.
Management Commentary
Amar Chintopanth, Whole-Time Director & CFO, NDL Ventures, stated:"The financial performance remains stable as we await the conclusion of the merger with Hinduja Leyland Finance. We continue to operate efficiently while aligning our financial structure for long-term growth."
Investor Outlook & Strategic Focus
- Pending merger resolution will be a key trigger for future earnings visibility.
- Stabilized operational costs indicate cautious financial management.
- Stockholders will closely track the regulatory progress of the Hinduja Leyland Finance integration.