Unaudited financial results for quarter ended December 31, 2024 along with it''s Limited Review Report.
Awaiting price reaction for this filing.
Blue Blends reported Q3 FY25 standalone revenue of Rs. 161.16 lakhs, down about 36% from Rs. 253.71 lakhs in the same quarter last year, though up sequentially from Rs. 118.07 lakhs in Q2. The company swung to a standalone profit of Rs. 17.09 lakhs for the quarter compared with a loss of Rs. 59.57 lakhs a year ago, and reported a 9-month standalone profit of Rs. 35.21 lakhs versus a loss of Rs. 44.22 lakhs in the prior year period. The company exited the Corporate Insolvency Resolution Process (CIRP) on December 6, 2024 after being under it since December 2021, with the approved Resolution Plan now being implemented. Consolidated net worth remains deeply negative at approximately Rs. (11,369) lakhs as of September 30, 2024, with debt capital of Rs. 4,175.55 lakhs. Share allotment, re-listing and other implementation steps under the Resolution Plan are still in progress.
The turnaround from losses to profits is a positive operational signal, but the deeply negative net worth, the recent exit from CIRP, and the pending share allotment/re-listing under the Resolution Plan mean shareholders should expect significant share count changes and continued stock volatility. The year-on-year revenue decline in Q3 shows the business is still rebuilding scale post-insolvency.