Revised Quarterly Financial Results for the quarter and nine months ended 31st December 2024 under SEBI (LODR) Regulstions, 2015
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Amforge Industries has resubmitted its Q3 FY25 (quarter ended December 2024) and nine-month financial results after BSE flagged a discrepancy in the original filing. The company admitted it had inadvertently reported incorrect EPS figures earlier and has now filed the corrected results. Revenue from operations for the quarter stood at Rs 73.68 lakhs, up from Rs 51.10 lakhs in Q3 FY24, while nine-month revenue grew to Rs 204.93 lakhs from Rs 165.83 lakhs (about 23.5% growth). Net profit for the quarter was Rs 20.80 lakhs versus a marginal loss in Q3 FY24, and nine-month PAT more than doubled to Rs 26.35 lakhs from Rs 10.03 lakhs. Revised EPS for the quarter is Rs 0.14 and for nine months is Rs 0.18. The statutory auditor (Banka & Banka) issued an unmodified limited review opinion. The company also committed to ensuring accuracy in future filings.
The correction was limited to EPS figures and the auditor gave a clean opinion, so the underlying business performance remains intact. The strong revenue and profit growth in nine-month FY25 versus the prior year is a positive signal, though absolute numbers are very small (revenue around Rs 2 crore for 9 months). Investors should note the filing error and the late resubmission as minor governance red flags but no material impact on fundamentals.