63 Moons Technologies Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- 63 Moons Technologies Ltd reported a 31.3% 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 decline of 74.0%.
- Its expenses for the quarter were down by 20.0% QoQ and 21.8% YoY.
- The net profit decreased 3.6% QoQ and decreased 125.9% YoY.
- The earnings per share (EPS) of 63 Moons Technologies Ltd declined at 3.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 52.60 | 76.56 | 202.53 | -31.3% | -74.0% |
Total Expenses | 80.73 | 100.86 | 103.22 | -20.0% | -21.8% |
Profit Before Tax | -28.13 | -24.30 | 99.31 | 15.8% | -128.3% |
Tax | -1.82 | 0.12 | 9.10 | -1616.7% | -120.0% |
Profit After Tax | -23.20 | -24.07 | 89.41 | -3.6% | -125.9% |
Earnings Per Share | -3.60 | -4.10 | 20.10 | -12.2% | -117.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
63 Moons Technologies Ltd is a company that primarily operates in the financial technology sector. Historically, the company has been involved in offering technology solutions, particularly for financial markets. It has developed platforms that facilitate various financial transactions and provide technological infrastructure to institutions within the financial ecosystem. As of the latest available information, the company has not disclosed any major recent developments or changes in its product offerings or strategic direction.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), 63 Moons Technologies Ltd reported a total income of ₹52.60 crores. This figure shows a notable decrease of 31.3% from the previous quarter (Q2FY25), where total income stood at ₹76.56 crores. When compared to the same quarter in the previous year (Q3FY24), the total income has dropped significantly by 74.0%, as the income was ₹202.53 crores a year ago. Such shifts highlight the volatility in revenue generation over both quarterly and annual periods.
Profitability
In terms of profitability, the company faced a challenging quarter in Q3FY25, with a profit before tax (PBT) of -₹28.13 crores. This represents an increase in the loss by 15.8% compared to the previous quarter's PBT of -₹24.30 crores. The year-over-year comparison is stark, as Q3FY24 recorded a profit of ₹99.31 crores, marking a 128.3% decline. The tax expense for Q3FY25 was -₹1.82 crores, contrasting sharply with a positive tax charge of ₹0.12 crores in Q2FY25 and ₹9.10 crores in Q3FY24. Profit after tax (PAT) for Q3FY25 was -₹23.20 crores, slightly improving from -₹24.07 crores in the previous quarter but showing a sharp decline from a profit of ₹89.41 crores in the corresponding quarter last year.
Operating Metrics
The earnings per share (EPS) for 63 Moons Technologies Ltd in Q3FY25 stood at -₹3.60, showing an improvement from -₹4.10 in Q2FY25. However, this marks a substantial year-over-year decline from an EPS of ₹20.10 in Q3FY24. Total expenses for the quarter were ₹80.73 crores, down 20.0% from ₹100.86 crores in Q2FY25, and reduced by 21.8% from ₹103.22 crores in Q3FY24. These figures suggest that while costs have been managed downwards, the overall financial performance in terms of revenue and profitability has faced significant challenges over the observed periods.
