Consolidated Financial Result for the quarter ended December 31, 2024
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Awaiting price reaction for this filing.
Epuja Spiritech reported consolidated revenue of Rs. 98.94 lakhs for Q3 FY25, up sharply from Rs. 29.96 lakhs in Q3 FY24 — roughly a 230% jump year-on-year. For the nine months ended December 2024, revenue more than doubled to Rs. 161.25 lakhs versus Rs. 73.90 lakhs a year ago. Despite this strong top-line growth, the company swung deeper into losses, posting a net loss of Rs. 35.95 lakhs in Q3 FY25 and Rs. 100.30 lakhs for nine months, compared to losses of Rs. 2.25 lakhs profit and Rs. 8.98 lakhs loss respectively in the prior periods. Total expenses ballooned to Rs. 266.49 lakhs for nine months (from Rs. 87.63 lakhs), driven mainly by cost of materials and large inventory adjustments. The statutory auditor SDPM & Co issued an un-modified (clean) limited review report, and results include the new wholly-owned subsidiary Epuja Softtech Private Limited, incorporated in May 2024. The filing was made belatedly on August 21, 2025, in response to a BSE query dated February 18, 2025.
While revenue growth is impressive, shareholders should note that losses are widening sharply, indicating costs are scaling faster than income and the business is not yet profitable on a consolidated basis. The delayed filing and small revenue base suggest a micro-cap stock with limited liquidity and elevated operational risk for investors.