Southern Latex Limited Reports Unaudited Financial Results for Q3 FY25

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Chennai, January 30, 2025 – Southern Latex Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The results were approved by the Board of Directors at its meeting on January 30, 2025.

Key Financial Highlights (₹ in Lakhs)

ParticularsQ3 FY25 (Dec 31, 2024)Q2 FY25 (Sep 30, 2024)Q3 FY24 (Dec 31, 2023)9M FY259M FY24FY24 (Mar 31, 2024)
Revenue from Operations------
Other Income6.006.006.0018.0018.0055.25
Total Income6.006.006.0018.0018.0055.25
Total Expenses5.375.144.9015.8615.6227.41
EBITDA0.630.861.102.142.3827.84
Profit After Tax (PAT)0.630.861.102.142.3823.50
EPS (₹)0.0090.0120.0150.0290.0320.319

Performance Analysis

  • The company did not report any revenue from operations in the quarter.
  • Other income stood at ₹6.00 lakh, unchanged from the previous quarter and YoY.
  • Total expenses rose slightly to ₹5.37 lakh compared to ₹5.14 lakh in Q2 FY25.
  • Profit after tax (PAT) declined to ₹0.63 lakh in Q3 FY25 from ₹0.86 lakh in Q2 FY25 and ₹1.10 lakh in Q3 FY24.
  • EPS declined to ₹0.009 from ₹0.012 in the previous quarter.

Management Commentary

The company stated that it continues to operate in a single business segment focusing on coir sales and remains committed to optimizing operational efficiencies and exploring new revenue streams.

Audit Review & Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on January 30, 2025. The statutory auditors conducted a limited review and expressed an unmodified opinion, affirming compliance with Indian Accounting Standards (Ind AS) and SEBI’s disclosure norms.

Outlook

Southern Latex Limited continues to focus on sustaining profitability despite minimal revenue generation. Investors will be keenly watching for strategic business decisions in the coming quarters to drive growth.
 
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