Ahmedabad, India — January 29, 2025
Pressure Sensitive Systems (India) Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, alongside key boardroom changes.
Key Financial Highlights (Standalone)
(All figures in INR Lakhs unless stated otherwise)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 890.96 | 540.03 | 1,439.79 | 1,459.82 | 13.25 |
| Total Income | 910.99 | 548.83 | 1,439.79 | 1,459.82 | 13.25 |
| Total Expenses | 761.08 | 393.82 | 13.49 | 1,165.33 | 11.77 |
| Profit Before Tax (PBT) | 149.91 | 155.01 | (12.49) | 294.49 | (11.77) |
| Net Profit (PAT) | 123.36 | 118.62 | (12.49) | 231.55 | (11.77) |
| Earnings Per Share (₹) | 0.08 | 0.08 | (0.01) | 0.16 | (0.01) |
The company reported an 86.7% YoY increase in revenue, while net profit turned positive with a PAT of ₹123.36 lakh compared to a loss of ₹12.49 lakh in Q3 FY24. The earnings per share stood at ₹0.08 for the quarter.
Corporate Announcements
- Director Resignation:
- Ms. Anjali Nair resigned from her position as Non-Executive Director due to personal reasons, effective end of business hours on January 29, 2025. The board expressed appreciation for her contributions.
- New Board Appointment:
- Mr. Saurabh was appointed as an Additional (Non-Executive Independent) Director for a five-year term starting January 29, 2025.
- Mr. Saurabh, based in Hapur, Uttar Pradesh, has expertise in business strategy and public speaking, holding prior directorships in Sham Foam Limited.
Auditor's Review & Key Observations
The company's financials underwent a Limited Review by MAAK & Associates, Chartered Accountants. The auditors issued an unmodified opinion, highlighting:- No material misstatements found.
- Revenue from operations was not subject to GST as the company trades in zero-rated and exempt goods.
- The company is in the process of acquiring a new GST registration.
- The closure of a subsidiary, Global Market Insights IT Services L.L.C, was based on management disclosure and certification.