Standalone Financials Reflect Improved Interest Income
Mumbai, January 31, 2025 – Ramchandra Leasing and Finance Limited (BSE: 538540) announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2024. The company’s financial performance reflected moderate growth, primarily driven by higher interest income.Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Interest Income | 16.00 | 7.40 | 5.83 | 34.28 | 10.18 | 46.27 |
| Total Revenue | 16.00 | 7.40 | 5.83 | 34.28 | 10.18 | 46.27 |
| Total Expenses | 15.90 | 7.32 | 5.70 | 33.87 | 9.95 | 44.52 |
| Profit Before Tax | 0.10 | 0.08 | 0.13 | 0.41 | 0.23 | 1.75 |
| Net Profit | 0.07 | 0.06 | 0.11 | 0.30 | 0.21 | 1.62 |
- Interest income surged to ₹16.00 lakh in Q3 FY25, compared to ₹5.83 lakh in Q3 FY24, marking a significant YoY growth of 174.4%.
- On a nine-month basis, interest income grew 236.7% YoY, reaching ₹34.28 lakh from ₹10.18 lakh in the previous year.
- The company reported no income from dividend, rental, fees, commissions, or fair value changes.
- Net profit for Q3 FY25 stood at ₹0.07 lakh, slightly lower than ₹0.11 lakh in Q3 FY24.
- On a nine-month basis, net profit improved to ₹0.30 lakh, reflecting a steady YoY growth of 42.9%.
- Expenses remained under control, with finance costs at zero, and fees & commission expenses accounting for the majority of costs at ₹14.85 lakh.
Auditor's Review and Compliance
- The limited review report issued by J. Singh & Associates confirmed that the unaudited financial statements comply with SEBI (LODR) regulations and Indian Accounting Standards (Ind AS 34).
- The auditors did not note any material misstatements, reinforcing the credibility of the reported numbers.
Management Commentary & Strategic Outlook
Pradeep Saremal Jain, Whole-Time Director, commented:"Our Q3 results showcase steady growth in interest income, reflecting our consistent approach in financial services. We remain committed to expanding our portfolio while maintaining operational efficiency."
Looking ahead, the company continues to focus on its NBFC segment, leveraging opportunities in financial lending services.