Submission of Integrated Filing (Financial) for the quarter ended 31st December,2024
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Longspur International Ventures Ltd (formerly Confidence Finance and Trading Ltd) submitted its unaudited financial results for Q3 FY25 (Oct-Dec 2024) and nine months FY25. Revenue from operations for Q3 stood at Rs. 68.70 lacs, almost flat compared to Rs. 69.73 lacs in Q3 FY24. However, for the nine-month period, revenue jumped to Rs. 786.26 lacs from Rs. 427.19 lacs in the same period last year, an ~84% rise. Profit after tax fell sharply to Rs. 5.41 lacs in Q3 FY25 (vs Rs. 36.32 lacs in Q3 FY24) and to Rs. 39.46 lacs for nine months (vs Rs. 75.61 lacs). The auditor (A K Kocchar & Associates) issued an unmodified limited review report, and the company reported no outstanding loan defaults.
Mixed picture for shareholders: strong year-to-date revenue growth driven mainly by Q2, but profitability has compressed sharply with PAT nearly halving YoY, reflecting thinner margins and highly lumpy quarter-on-quarter earnings.