The Standalone Unaudited quarterly results for the quarter and nine months ended 31st December, 2024 along with the Limited Review report by the Statutory auditor is enclosed along.
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Awaiting price reaction for this filing.
Velox Shipping and Logistics Ltd reported a sharp turnaround in its Q3 FY25 standalone results. The company posted a profit after tax of Rs 6.55 lakh for the quarter ended December 31, 2024, compared to a loss of Rs 7.25 lakh in the same quarter last year. For the nine months ended December 2024, PAT came in at Rs 14.02 lakh versus a loss of Rs 14.71 lakh in the corresponding previous period, marking a clear swing back into profitability. Basic EPS for Q3 was Rs 0.08 (vs Rs 0.09 loss) and Rs 0.18 for nine months. The statutory auditor Bilimoria Mehta & Co issued an unmodified limited review report with no qualifications or emphasis of matter.
The filing signals a decisive return to profitability year-on-year, which is positive for shareholders after the prior-year losses. Investors should note that absolute profit numbers remain small and the stock is thinly tracked, so the result is more a directional signal than a fundamental re-rating trigger.