Palash Securities Ltd's Q3FY25 Quarterly Results

Result Summary

• Palash Securities Ltd reported a 17.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 45.4%.
• Its expenses for the quarter were up by 1.4% QoQ and 36.5% YoY.
• The net profit decreased 10.1% QoQ and decreased 23.1% YoY.
• The earnings per share (EPS) of Palash Securities Ltd declined at 1.3 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Palash Securities Ltd is a company with a focus on securities and investments. However, specific details regarding its primary products or services, industry classification, or recent developments are not available from the provided data. The name suggests the company operates within the financial services sector, potentially dealing with investment management or securities trading. Without additional information, further insights into its operational scope or strategic direction remain unspecified.

Revenue

During Q3FY25, Palash Securities Ltd reported a total income of ₹13.03 crores. This represents a decline of 17.3% compared to the previous quarter (Q2FY25), where the total income was ₹15.75 crores. However, when compared to the same quarter in the previous year (Q3FY24), there was a significant increase of 45.4%, as the total income then was ₹8.96 crores. This year-over-year growth indicates a notable improvement in revenue generation capability compared to the previous year, despite the quarter-over-quarter decrease.

Profitability

The financial data for Q3FY25 shows that Palash Securities Ltd experienced a loss, with the Profit Before Tax (PBT) being reported at -₹3.80 crores. This reflects a considerable decline from the previous quarter's PBT of -₹0.85 crores, equating to a quarter-over-quarter change of 347.1%. Compared to Q3FY24, which recorded a PBT of -₹3.37 crores, there is a year-over-year increase of 12.8%. The Profit After Tax (PAT) for Q3FY25 was -₹2.66 crores, an improvement over both the previous quarter's PAT of -₹2.96 crores and the same quarter last year's PAT of -₹3.46 crores. The earnings per share for Q3FY25 stood at -₹1.30, showing an improvement over the previous quarter's -₹1.60 and the previous year's -₹2.30, with YoY growth of 43.5%.

Operating Metrics

Examining the total expenses for Q3FY25, Palash Securities Ltd incurred ₹16.83 crores, which is a slight increase of 1.4% from Q2FY25, where expenses were ₹16.60 crores. Compared to Q3FY24, there is a significant rise in expenses by 36.5%, as expenses were ₹12.33 crores in that period. The tax for Q3FY25 was reported at -₹1.13 crores, contrasting sharply with Q2FY25's tax of ₹2.11 crores, a substantial decrease of 153.6%. Compared to Q3FY24, the tax has shifted from a positive ₹0.09 crores to a negative value, indicating a YoY change of -1355.6%. The negative tax expense in Q3FY25 may reflect adjustments or deferred tax considerations.