Clarification regarding the Financial Results for the Quarter ended December, 2024
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Laddu Gopal Online Services has submitted a clarification to BSE admitting a typographical error in its Q3 FY25 (quarter ended December 31, 2024) financial results, where the face value of equity shares was wrongly printed as Rs. 1 instead of the correct Rs. 10 per share. Revised results have been filed with the correct face value. The underlying numbers remain unchanged: revenue from operations continues to be nil, with all income coming from 'Other Income' of Rs. 83.65 lakhs in Q3 FY25 versus Rs. 70.83 lakhs in Q3 FY24. Profit after tax for the quarter was Rs. 52.97 lakhs (up from Rs. 43.41 lakhs a year ago) and Rs. 173.33 lakhs for 9M FY25 versus Rs. 133.99 lakhs in 9M FY24. The statutory auditor (SDPM & Co.) issued an unmodified limited review report on February 13, 2025.
This is a clerical/cosmetic correction with no impact on earnings, EPS, or shareholder value. Investors should note the company has no operating revenue and is entirely dependent on other income, but the latest quarter and nine-month PAT growth of roughly 22-29% year-on-year is a mildly positive operational signal.