Outcome of the Board Meeting held on 03.04.2025.

Revenue declinedNegative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹11.16

prior close

₹11.27

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-3.6%+1.3% vs market

Power Generation peers, median of 27sector-2.9%+0.6% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 0.6 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.3-3.6+1.3-2.9+0.6

Next day

-9.1-7.8-1.2-7.0-2.1

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+7.5-3.6+11.1-4.3+11.9

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+20.5+1.1+19.4+1.0+19.5

15d

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+8.7+11.1-2.4+4.3+4.3

+20.5+14.5+6.0+8.6+12.0

UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 27Pending

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AI summary

IND Renewable Energy Limited's board approved its unaudited standalone financial results for the quarter ended December 31, 2024. The company reported zero revenue from operations, with only ₹0.43 lakh in other income for Q3 FY25, sharply down from ₹36.96 lakh in the same quarter last year. Total expenses stood at ₹2.22 lakh, resulting in a loss before tax of ₹1.79 lakh and a loss after tax of ₹2.01 lakh, compared to a profit of ₹30.77 lakh in Q3 FY24. For the nine months ended December 2024, the company posted a cumulative loss of ₹8.16 lakh against a profit of ₹30.77 lakh a year earlier. The auditor (J D Shah Associates) issued an unmodified limited review report but flagged that the Company Secretary position had a compliance gap with the Registrar of Companies and bank balance confirmations from HDFC Bank and Indian Overseas Bank were not received.

Likely market impact

Shareholders should note that the company has no operating revenue and has swung from profit to loss year-on-year, indicating weakening business activity. While the auditor's review report is clean (unmodified), the flagged compliance and confirmation gaps warrant attention; the stock may remain thinly traded given the negligible scale of operations.

By the numbersStandalone · Q4 FY25 vs Q4 FY24

	Q4 FY25	Q4 FY24	Change
Revenue	₹0.00 Cr	₹0.00 Cr	unchanged
Operating profit	−₹0.05 Cr	−₹0.31 Cr	loss narrowed
Profit after tax	₹0.00 Cr	−₹0.26 Cr	turned positive
EBITDA margin	—	—	—

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.