Please find enclosed financial results for the quarter and year ended 31st March, 2025.
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UVS Hospitality and Services Ltd (formerly Thirdwave Financial Intermediaries Ltd) announced its audited results for Q4 and FY25. Consolidated revenue from operations jumped sharply to ₹10,136.97 lakhs in FY25 from just ₹122.70 lakhs in FY24, driven mainly by the consolidation of two newly acquired subsidiaries — British Brewing Company (India, acquired Nov 2024) and UVS Investment Management PTY Ltd (Australia, acquired May 2024). Consolidated profit after tax surged to ₹1,598.89 lakhs (FY24: ₹4.04 lakhs), with EPS of ₹5.05. On a standalone basis, however, the company slipped into a loss of ₹564.38 lakhs versus a ₹4.03 lakh profit last year, as expenses like depreciation, finance cost, and employee costs rose sharply. The board also appointed new Secretarial and Internal Auditors and noted an unmodified audit opinion.
The consolidated numbers look impressive, but most of the growth comes from recently acquired subsidiaries rather than organic business — investors should treat this as a freshly consolidated entity rather than a like-for-like growth story. Standalone losses and heavy OCI adjustments mean the underlying parent-level business is still loss-making, which may limit near-term shareholder upside.