Mumbai, January 30, 2025 – Stellant Securities (India) Limited has released its standalone unaudited financial results for the quarter ended December 31, 2024. The company’s Board of Directors approved the results at a meeting held on January 30, 2025.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY24 (Dec 31, 2024) | Q2 FY24 (Sep 30, 2024) | Q3 FY23 (Dec 31, 2023) | 9M FY24 (Apr-Dec 2024) | 9M FY23 (Apr-Dec 2023) | FY23 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 14.75 | 134.11 | 32.01 | 148.86 | 45.01 | 45.01 |
| Total Income | 14.96 | 136.03 | 32.21 | 151.14 | 45.22 | 47.32 |
| Total Expenses | 0.74 | 8.04 | 7.36 | 16.71 | 16.63 | 16.63 |
| Profit Before Tax (PBT) | 14.22 | 134.08 | 26.53 | 110.86 | 32.28 | 35.63 |
| Net Profit | 9.82 | 107.48 | 26.53 | 110.86 | 32.28 | 35.63 |
| Earnings Per Share (₹) | 1.33 | 14.51 | 3.58 | 14.97 | 4.36 | 4.81 |
Financial Performance Overview
- The company reported total revenue of ₹14.96 lakhs for Q3 FY24, down significantly from ₹136.03 lakhs in Q2 FY24 and ₹32.21 lakhs in Q3 FY23.
- Total expenses decreased to ₹0.74 lakhs from ₹8.04 lakhs in the previous quarter and ₹7.36 lakhs in the same quarter last year.
- Profit before tax stood at ₹14.22 lakhs, compared to ₹134.08 lakhs in Q2 FY24 and ₹26.53 lakhs in Q3 FY23.
- Net profit for the quarter was ₹9.82 lakhs, a significant drop from ₹107.48 lakhs in Q2 FY24 but an improvement compared to Q3 FY23’s ₹26.53 lakhs.
- Earnings per share (EPS) stood at ₹1.33, compared to ₹14.51 in Q2 FY24 and ₹3.58 in Q3 FY23.
Management Commentary
Mangala Subhash Rathod, Whole-Time Director of Stellant Securities (India) Ltd., stated:"Despite a sequential decline in revenue and profitability, our focus remains on optimizing operational efficiencies. We continue to explore opportunities for sustainable growth in the evolving financial market landscape."
Auditor’s Review & Observations
The independent auditors, R.K. Khandelwal & Co., conducted a review and found no material misstatements in the financial statements. They confirmed that the results comply with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations.Outlook & Strategic Direction
- The company is focused on stabilizing revenue streams while ensuring cost efficiency.
- Management is keen on exploring new business opportunities to drive growth in the upcoming quarters.
- Investors will look forward to the full-year financial performance, with key insights into strategic investments and expansion plans.