New Delhi, January 28, 2025 – Oswal Greentech Limited (NSE: OSWALGREEN, BSE: 539290) has reported its Q3 FY25 financial results, showing a net profit of ₹53.3 lakh despite ongoing challenges in its real estate and investment business segments. The company also disclosed an arbitration dispute impacting its financials.
Key Financial Highlights – Q3 FY25 (Standalone)
| Particulars | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹531.78 lakh | ₹973.47 lakh | -45.4% |
| Total Income | ₹2,257.41 lakh | ₹1,557.10 lakh | +44.9% |
| Net Profit (PAT) | ₹53.3 lakh | Loss of ₹274.87 lakh | Profit Turnaround |
| Earnings Per Share (EPS) | ₹0.02 | ₹(0.11) | Positive Shift |
- Revenue: ₹6,567.74 lakh (up 10.2% YoY).
- Net Profit: ₹914.48 lakh (up from ₹302.71 lakh YoY).
Segment Performance
- Real Estate Business: Revenue at ₹768.64 lakh (up 37% YoY), but posted a segment loss of ₹1,008.87 lakh.
- Investment Activities: Revenue at ₹686.42 lakh (up 42% YoY), segment profit at ₹433.57 lakh.
- Unallocated Business: Revenue at ₹802.35 lakh, contributing ₹560.38 lakh to overall profit.
Key Corporate Developments
- Arbitration Dispute Over Inter-Corporate Deposits (ICD)
- Interest Income of ₹3,195.97 lakh remains unrecognized due to an ongoing arbitration case with a borrower.
- The company has suspended further interest recognition until the dispute is resolved.
- Financial Restructuring & Cost Management
- Employee expenses declined YoY, aiding profitability.
- Finance costs remain low, reflecting a debt-light structure.
Management Commentary
Anil Kumar Bhalla, Managing Director & CEO, Oswal Greentech, stated:"Our diversified investment and real estate portfolio continues to provide stability. Despite temporary headwinds in real estate, the company remains focused on growth and arbitration resolution."
Investor Outlook & Strategic Direction
- Investment portfolio performance and arbitration resolution will be key areas to watch.
- Real estate segment restructuring may impact short-term profitability.
- Legal proceedings could affect future financial reporting, depending on arbitration outcomes.