Mumbai, January 31, 2025 – SER Industries Limited (BSE: 507984) announced its unaudited financial results for the third quarter ended December 31, 2024. The company reported a turnaround in profitability, posting a net profit of ₹10.90 lakh compared to a loss of ₹13.79 lakh in the previous quarter.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (31-Dec-24) | Q2 FY25 (30-Sep-24) | Q3 FY24 (31-Dec-23) | 9M FY25 | 9M FY24 | FY24 (31-Mar-24) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 14.58 | 0.00 | 0.01 | 14.58 | 0.00 | 0.50 |
| Other Income | 1.58 | 0.50 | 1.53 | 2.08 | 1.93 | 2.58 |
| Total Revenue | 16.16 | 0.50 | 1.53 | 16.66 | 1.93 | 3.07 |
| Total Expenses | 5.25 | 14.29 | 4.42 | 23.83 | 9.44 | 14.82 |
| Profit/(Loss) before Tax | 10.90 | (13.79) | (2.89) | (7.18) | (7.52) | (11.75) |
| Net Profit/(Loss) | 10.90 | (13.79) | (2.89) | (7.18) | (7.52) | (12.06) |
| Basic EPS (₹) | 1.10 | (1.39) | (0.29) | (0.72) | (0.76) | (1.21) |
Operational and Financial Analysis
- Revenue Growth: The company reported revenue from operations of ₹14.58 lakh in Q3 FY25, marking a sharp improvement from nil revenue in Q2 FY25.
- Profitability: SER Industries turned profitable with a net profit of ₹10.90 lakh, reversing the previous quarter's loss of ₹13.79 lakh.
- Expenses Control: Total expenses for the quarter stood at ₹5.25 lakh, significantly lower than ₹14.29 lakh in Q2 FY25.
Balance Sheet Highlights (₹ in Lakhs)
| Particulars | As of 31-Dec-24 (Unaudited) | As of 31-Mar-24 (Audited) |
|---|---|---|
| Total Assets | 52.77 | 46.15 |
| Total Equity | 36.08 | 43.26 |
| Total Liabilities | 16.69 | 2.89 |
- Asset Growth: The company's total assets increased to ₹52.77 lakh from ₹46.15 lakh in March 2024.
- Equity Position: Total equity declined to ₹36.08 lakh from ₹43.26 lakh in FY24.
Cash Flow Highlights
- Net Cash from Operating Activities: Negative ₹25.05 lakh, reflecting working capital adjustments.
- Cash & Cash Equivalents: Stood at ₹3.12 lakh as of December 31, 2024, compared to ₹8.47 lakh in March 2024.
Management Commentary
Narendra Goel, Whole Time Director, stated:"The company has returned to profitability in Q3 FY25, supported by increased revenue generation and cost optimization. We remain focused on sustaining this momentum and ensuring stable financial performance going forward."
Strategic Outlook
SER Industries Limited remains optimistic about future growth prospects and plans to enhance operational efficiencies while exploring new revenue streams.The financials indicate a significant turnaround in Q3 FY25 for SER Industries, with improved revenue and profitability. However, liquidity constraints and declining equity levels remain key challenges. The company’s ability to sustain revenue growth in subsequent quarters will be critical.