Board Approves Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2024
New Delhi, January 30, 2025 – Shashank Traders Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a net loss of ₹0.01 lakh for Q3 FY25.Key Financial Highlights (Standalone)
(₹ in Lakhs, except EPS)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 4.84 | - | 4.84 | 4.84 | - | - |
| Total Income | 4.84 | - | 4.84 | 4.84 | - | - |
| Total Expenses | 4.85 | 2.94 | 3.52 | 10.19 | 3.89 | 1.84 |
| Profit/(Loss) Before Tax | (0.01) | (1.48) | (2.02) | (3.10) | (13.15) | (15.85) |
| Net Profit/(Loss) | (0.01) | (1.48) | (2.02) | (3.10) | (13.15) | (15.85) |
| Earnings Per Share (₹ 10 Face Value) | (0.00) | (0.05) | (0.07) | (0.10) | (0.43) | (0.51) |
Expense Analysis: The company’s total expenses increased to ₹4.85 lakh for the quarter, compared to ₹3.52 lakh in Q3 FY24. The largest cost component was purchase of stock-in-trade at ₹3.51 lakh, along with ₹1.55 lakh in employee and other expenses.
Net Loss Narrows: Despite a revenue hold, the company’s net loss for Q3 FY25 stood at ₹0.01 lakh, a significant improvement from the ₹2.02 lakh loss reported in Q3 FY24.
Regulatory and Operational Updates
- Audit Review & Compliance: The company’s financial statements have been reviewed by independent auditors, who provided an unmodified opinion on the results.
- Equity Trading Status: The company’s shares are listed on the BSE but have not been actively traded since June 27, 2024.
- Company Secretary Vacancy: The company secretary resigned on September 17, 2024, and a replacement has not yet been appointed.
Management Commentary
Praveen Jain, Managing Director, stated:Strategic Outlook
- Operational Efficiency: The company aims to enhance operational efficiency and manage costs to improve profitability.
- Market Positioning: Efforts will be directed towards increasing trade volumes and enhancing visibility in the stock market.