Palred Technologies Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Palred Technologies Ltd reported a 27.6% 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 7.3%.
- Its expenses for the quarter were down by 23.4% QoQ and up 2.6% YoY.
- The net profit increased 71.0% QoQ and decreased 28.2% YoY.
- The earnings per share (EPS) of Palred Technologies Ltd declined at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 21.36 | 29.51 | 19.91 | -27.6% | 7.3% |
Total Expenses | 23.61 | 30.81 | 23.02 | -23.4% | 2.6% |
Profit Before Tax | -2.25 | -1.31 | -3.12 | 71.8% | -27.9% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -2.24 | -1.31 | -3.12 | 71.0% | -28.2% |
Earnings Per Share | -1.30 | -0.70 | -1.90 | 85.7% | -31.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Palred Technologies Ltd is a diversified technology company engaged in providing solutions across various sectors. The company is known for its involvement in e-commerce, media and entertainment, and information technology services. It primarily operates in India, focusing on innovative digital solutions and technology-driven services. Recent developments in the company may include expansion of its digital platforms and enhancement of service offerings, although specific updates are not available from the data provided. The company aims to leverage technology to deliver unique customer experiences and drive efficiency in operations.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Palred Technologies Ltd reported a total income of ₹21.36 crores. This figure represents a quarter-on-quarter (QoQ) decrease of 27.6% from the previous quarter (Q2FY25), where the total income was ₹29.51 crores. However, the company experienced a year-over-year (YoY) increase of 7.3% compared to the third quarter of fiscal year 2024 (Q3FY24), where total income stood at ₹19.91 crores. This fluctuation in revenue illustrates varying performance dynamics over both short and longer-term periods.
Profitability
The company's financial performance in terms of profitability shows a mixed picture. For Q3FY25, Palred Technologies Ltd recorded a loss before tax of ₹2.25 crores, which is a notable improvement from the loss of ₹3.12 crores in Q3FY24, indicating a YoY reduction in losses by 27.9%. On a QoQ basis, there was a decline in profitability with a wider loss than the ₹1.31 crores recorded in Q2FY25, marking an increase in the loss by 71.8%. The profit after tax mirrors the pre-tax figures as there was no tax expense accounted for in the data provided. The earnings per share (EPS) also reflect this trend, with a figure of -₹1.30 in Q3FY25, compared to -₹0.70 in Q2FY25 and -₹1.90 in Q3FY24, representing a YoY improvement of 31.6% and a QoQ decline of 85.7%.
Operating Metrics
The operating metrics of Palred Technologies Ltd during Q3FY25 indicate certain cost and efficiency dynamics. Total expenses amounted to ₹23.61 crores, which is a decrease of 23.4% from the previous quarter's expenses of ₹30.81 crores. However, when compared to the same quarter in the previous year, there is a slight increase of 2.6% from ₹23.02 crores in Q3FY24. These figures demonstrate how the company is managing its cost structure amidst variations in income and profitability. While the reduction in expenses QoQ aligns with the decrease in revenue, the YoY increase suggests changes in operational scale or expenditure requirements. The absence of tax expenses in the financial statements further underscores the focus on managing direct costs and operational efficiency.
