New Delhi, India – January 28, 2025: Oswal Agro Mills Limited (NSE: OSWALAGRO, BSE: 500317) has announced its unaudited financial results for Q3 FY2024-25, reporting ₹6,479.55 lakh in revenue and ₹4,388.23 lakh in net profit. The company appointed Mr. Vishnu Prasad Muddana as Chief Financial Officer (CFO) and Key Managerial Personnel, effective January 28, 2025.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹6,246.27 lakh (YoY increase from ₹44.15 lakh)
- Total Income: ₹6,479.55 lakh
- Profit Before Tax (PBT): ₹5,814.88 lakh (YoY increase from ₹72.42 lakh)
- Net Profit (PAT): ₹4,351.54 lakh (YoY increase from ₹105.07 lakh)
- Earnings Per Share (EPS): ₹3.24 per share.
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹7,139.94 lakh (YoY increase from ₹872.37 lakh)
- Profit Before Tax (PBT): ₹6,079.05 lakh
- Net Profit (PAT): ₹4,547.91 lakh
- Earnings Per Share (EPS): ₹3.39 per share.
Strategic Developments & Key Announcements
- Real Estate Revenue Surge:
- Revenue from Real Estate Development contributed ₹6,196.57 lakh in Q3 FY25.
- TDR (Transferable Development Rights) sale revenue was recognized in this quarter.
- Appointment of New Chief Financial Officer (CFO):
- Mr. Vishnu Prasad Muddana was appointed as CFO, replacing Mr. Parveen Chopra, who resigned on November 5, 2024.
- Mr. Muddana brings 37+ years of experience in industrial operations across India, Africa, the Middle East, and Southeast Asia.
- Previously served in key leadership roles at Oswal Agro Mills in agro-processing, fertilizers, and mining.
- Associate Investment & Legal Proceedings:
- Oswal Greentech Limited, an associate company, has ongoing arbitration regarding interest on intercorporate deposits.
- Non-provisioning of interest impacted PBT and investments by ₹1,480.87 lakh.
Management Commentary
Narinder Kumar, CEO & Whole-Time Director, Oswal Agro Mills, stated:"Our Q3 results reflect a strong performance, driven by real estate transactions and financial prudence. The appointment of Mr. Vishnu Prasad Muddana strengthens our leadership team as we continue to expand operations.".
Market Outlook & Investor Takeaways
- Real estate transactions significantly boosted Q3 revenue.
- The new CFO appointment reinforces financial and operational expertise.
- Legal arbitration with an associate company may impact future financials.