Airan Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Airan Ltd reported a 4.1% 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 8.9%.
- Its expenses for the quarter were down by 8.5% QoQ and up 1.5% YoY.
- The net profit decreased 229.2% QoQ and decreased 37.0% YoY.
- The earnings per share (EPS) of Airan Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 23.89 | 24.92 | 26.22 | -4.1% | -8.9% |
Total Expenses | 22.73 | 24.84 | 22.39 | -8.5% | 1.5% |
Profit Before Tax | 1.16 | 0.08 | 3.82 | 1350.0% | -69.6% |
Tax | -0.82 | 1.62 | 0.66 | -150.6% | -224.2% |
Profit After Tax | 1.99 | -1.54 | 3.16 | -229.2% | -37.0% |
Earnings Per Share | 0.10 | -0.10 | 0.30 | -200.0% | -66.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Airan Ltd is a company primarily engaged in the business of providing financial services. It operates in the financial technology industry, offering a range of services that may include transaction processing and other financial operations. As of the latest update, specific details about recent developments or strategic changes within the company are not available. The company focuses on delivering value to its clients through innovative solutions and efficient service delivery.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), Airan Ltd reported a total income of ₹23.89 crores. This marks a decrease both on a quarter-over-quarter (QoQ) basis and a year-over-year (YoY) basis. The total income fell by 4.1% compared to the previous quarter (Q2FY25) where it was ₹24.92 crores, and by 8.9% compared to the same quarter in the previous year (Q3FY24), which recorded a total income of ₹26.22 crores. This reduction in revenue over the periods indicates fluctuations in the company's income generation capabilities.
Profitability
In Q3FY25, Airan Ltd's total expenses were ₹22.73 crores, showing a significant decrease of 8.5% from ₹24.84 crores in Q2FY25 but a slight increase of 1.5% from ₹22.39 crores in Q3FY24. The profit before tax (PBT) for Q3FY25 was ₹1.16 crores, which is a substantial increase of 1350.0% from the previous quarter's PBT of ₹0.08 crores. However, it represents a notable decline of 69.6% compared to a PBT of ₹3.82 crores in Q3FY24. The profit after tax (PAT) rose to ₹1.99 crores in Q3FY25, recovering from a negative PAT of -₹1.54 crores in Q2FY25, but still below the ₹3.16 crores achieved in Q3FY24. Earnings per share (EPS) in Q3FY25 were ₹0.10, which improved from -₹0.10 in Q2FY25 but decreased from ₹0.30 in Q3FY24.
Operating Metrics
The operating metrics for Airan Ltd in Q3FY25 highlight significant changes in tax expenses, with a tax credit of -₹0.82 crores compared to a tax payment of ₹1.62 crores in Q2FY25 and ₹0.66 crores in Q3FY24. This resulted in a decrease in tax expenses by 150.6% QoQ and 224.2% YoY. The dramatic shifts in taxation impact the overall profitability and cash flows of the company. Other key operating metrics include the changes in the company's expenses relative to income, reflecting a tighter control on expenses despite declining revenue, contributing to the positive turns in profitability metrics from Q2FY25 to Q3FY25.
