Quarter Ended December 31, 2024
Kolkata, India – January 30, 2025 – Square Four Projects India Limited has announced its unaudited financial results for the third quarter (Q3) ended December 31, 2024. The results were approved by the company’s Board of Directors at a meeting held on January 30, 2025.
Key Financial Highlights (Standalone)
(Figures in INR Lakhs)| Particulars | Q3 FY25 (Dec 2024) | Q2 FY25 (Sep 2024) | Q3 FY24 (Dec 2023) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | - | - | - | - | - | 22.16 |
| Other Income | 13.93 | 23.33 | - | 42.16 | - | 22.18 |
| Total Income | 13.93 | 23.33 | - | 42.16 | - | 22.18 |
| Total Expenses | 6.80 | 5.57 | 5.55 | 25.73 | 15.87 | 21.56 |
| Profit Before Tax (PBT) | 7.22 | 17.46 | (0.60) | 25.49 | (20.30) | 25.34 |
| Net Profit After Tax (PAT) | 7.22 | 17.46 | (0.60) | 25.49 | (20.30) | 25.34 |
| EPS (INR) | 0.08 | 0.03 | 0.13 | 0.10 | 0.02 | 0.13 |
- The company reported a net profit of INR 7.22 lakh in Q3 FY25, compared to a net loss of INR 0.60 lakh in the same quarter last year.
- No revenue from core operations was recorded, with earnings coming entirely from other income sources amounting to INR 13.93 lakh.
- Total expenses for the quarter stood at INR 6.80 lakh, with employee benefit expenses of INR 1.35 lakh.
- Earnings per share (EPS) for the quarter stood at INR 0.08.
Consolidated Financial Performance
(Figures in INR Lakhs)| Particulars | Q3 FY25 (Dec 2024) | Q2 FY25 (Sep 2024) | Q3 FY24 (Dec 2023) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | - | - | - | - | - | - |
| Other Income | 0.34 | 25.51 | - | 23.27 | - | 10.99 |
| Total Income | 0.34 | 25.51 | - | 23.27 | - | 10.99 |
| Total Expenses | 6.93 | 6.01 | 7.79 | 17.44 | 21.84 | 21.48 |
| Profit Before Tax (PBT) | (6.59) | 14.51 | (7.79) | 5.83 | (21.84) | (16.47) |
| Net Profit After Tax (PAT) | (6.59) | 14.51 | (7.79) | 5.83 | (21.84) | (16.47) |
| EPS (INR) | (0.03) | 0.07 | (0.04) | 0.03 | (0.11) | (0.08) |
- The consolidated results include Square Four Projects India Limited and its wholly owned subsidiary.
- The consolidated net loss for Q3 FY25 stood at INR 6.59 lakh, as against a profit of INR 14.51 lakh in Q2 FY25.
- The subsidiary reported a total net loss of INR 47,252.53 lakh for the nine-month period.
- The earnings per share (EPS) on a consolidated basis stood at negative INR 0.03.
Auditor's Review
- The financials were reviewed as per SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
- The standalone financials were given an unmodified opinion, indicating no major discrepancies.
- The subsidiary's financials were not reviewed by the auditors, but its loss has been incorporated in the consolidated results.
Corporate Announcements
- No segmental reporting is required as the company operates in a single segment—Real Estate.
- The company has no outstanding loan defaults or debt securities.
- No deviation in the utilization of funds from any public issue, rights issue, or preferential issue.
- No related party transactions were disclosed, as these are applicable only for half-yearly filings.
Strategic Outlook
The financial results indicate continued reliance on other income, with no reported revenue from core operations in the last quarter. The consolidated results are affected by the significant losses of the subsidiary.The company has not provided any forward-looking statements or strategic updates on its business operations. Investors may watch for any future disclosures regarding business expansion or revenue diversification strategies.
Conclusion: The company's Q3 FY25 results reflect modest profitability on a standalone basis but significant losses at the consolidated level. Investors should monitor further updates regarding operational revenue generation and the subsidiary's financial stability.