Avonmore Capital & Management Services Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Avonmore Capital & Management Services Ltd reported a 35.2% 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 7.4%.
- Its expenses for the quarter were down by 1.5% QoQ and up 15.5% YoY.
- The net profit decreased 92.2% QoQ and decreased 75.5% YoY.
- The earnings per share (EPS) of Avonmore Capital & Management Services Ltd - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 35.36 | 54.55 | 32.93 | -35.2% | 7.4% |
Total Expenses | 32.79 | 33.30 | 28.38 | -1.5% | 15.5% |
Profit Before Tax | 2.31 | 21.15 | 4.53 | -89.1% | -49.0% |
Tax | 1.44 | 3.06 | -0.07 | -52.9% | -2157.1% |
Profit After Tax | 1.48 | 18.87 | 6.04 | -92.2% | -75.5% |
Earnings Per Share | 0.00 | 0.70 | 1.80 | -100.0% | -100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Avonmore Capital & Management Services Ltd is a company that operates within the financial services industry. Its core business activities are centered around providing financial and investment services. As a financial services firm, it may be involved in activities such as investment management, financial advisory, and other related services. Despite the lack of specific recent developments available in the provided data, companies in this sector typically engage in activities that support capital markets, manage funds, and provide strategic financial guidance to clients ranging from individuals to large institutions. The company operates in a competitive environment subject to market fluctuations, regulatory changes, and economic conditions that can impact its business operations.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Avonmore Capital & Management Services Ltd reported a total income of ₹35.36 crores. This represents a decrease of 35.2% compared to the previous quarter, Q2FY25, where the income was ₹54.55 crores. However, on a year-over-year basis, there was an increase of 7.4% from the ₹32.93 crores recorded in the same quarter of the previous fiscal year, Q3FY24. The fluctuations in total income highlight the variability in revenue generation over different periods, which is a common characteristic in the financial services industry.
Profitability
In terms of profitability, the company recorded a profit before tax of ₹2.31 crores in Q3FY25. This marks a significant decline from the ₹21.15 crores reported in Q2FY25, reflecting an 89.1% reduction. Compared to Q3FY24, where the profit before tax was ₹4.53 crores, there is a year-over-year decrease of 49.0%. The profit after tax for Q3FY25 stood at ₹1.48 crores, down 92.2% from the ₹18.87 crores in Q2FY25, and down 75.5% from the ₹6.04 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was ₹0.00, a decrease from ₹0.70 in Q2FY25 and ₹1.80 in Q3FY24, indicating a 100% reduction compared to both periods.
Operating Metrics
The company's total expenses for Q3FY25 were ₹32.79 crores, which is a slight decrease of 1.5% from the ₹33.30 crores in Q2FY25. However, there is an increase of 15.5% compared to the ₹28.38 crores recorded in Q3FY24. The tax expense for Q3FY25 was ₹1.44 crores, representing a decrease of 52.9% from the ₹3.06 crores in Q2FY25, while a year-over-year comparison shows a substantial increase from the negative tax of ₹-0.07 crores in Q3FY24. These variations in expenses and tax outlays can influence the overall financial performance and reflect the company's financial management strategies.
