Kolkata, January 30, 2025 – Shelter Infra Projects Limited (BSE: 526839, CSE: 13077) has released its unaudited financial results for the quarter ended December 31, 2024, along with key corporate updates. The company’s Board of Directors approved the financial results at a meeting held on January 30, 2025.
Financial Performance Highlights
| Particulars | Q3 FY2024-25 | Q3 FY2023-24 | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹59.95 lakh | ₹59.53 lakh | +0.7% |
| Other Income | ₹5.14 lakh | ₹3.53 lakh | +45.6% |
| Total Income | ₹65.09 lakh | ₹63.06 lakh | +3.2% |
| Total Expenses | ₹64.53 lakh | ₹71.95 lakh | -10.3% |
| Net Profit/(Loss) | ₹2.00 lakh | ₹(7.58) lakh | — |
| EPS (Basic & Diluted) | 0.06 | (0.21) | — |
- The company reported a total revenue of ₹65.09 lakh, reflecting a 3.2% YoY growth, driven by increased other income.
- The net profit stood at ₹2.00 lakh, a turnaround from the loss of ₹(7.58) lakh in the same quarter last year.
- Earnings per share (EPS) improved from (0.21) to 0.06.
Segmental Performance
- The company’s revenue was primarily driven by its infrastructure and construction segment, with no significant contributions from other business divisions.
- Operating expenses, including contract execution costs and administrative expenses, saw a reduction, contributing to improved profitability.
Key Corporate Developments
- Transmission of Shares: The Board approved the transmission of shares as per the request of shareholders, after due verification by the Registrar and Transfer Agent.
- Website Review & Enhancement: The company conducted a review of its corporate website and is planning necessary improvements for better investor communication.
- Regulatory Compliance Update: The company addressed a shareholder complaint received via SEBI’s SCORES platform, which has now been resolved.
- Pending Legal Matters: The case concerning the Military Engineering Services (MES) contract cancellationremains under litigation at Alipore Court, Kolkata.
Audit Review & Observations
Basu Chanchani & Deb, the statutory auditors, conducted a limited review of the financial statements and reported no material misstatements. The review confirmed compliance with Ind AS 34 (Interim Financial Reporting).Strategic Outlook
- Shelter Infra Projects Limited aims to improve its financial performance by focusing on enhancing execution efficiency and expanding its project pipeline.
- The company is closely monitoring legal proceedings and intends to recover pending claims related to its MES contract.
- The management remains committed to operational improvements and regulatory compliance to ensure sustainable growth.