Outcome of the Board Meeting held on 03.04.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.