Maruti Securities Limited has reported a 22,273% year-on-year (YoY) increase in net profit, reaching ₹14.22 crore in Q3 FY25, compared to a loss of ₹6.40 lakh in Q3 FY24. The profit surge is primarily due to a ₹14.30 crore write-back of unsecured loans, as the company continues to operate without any core business revenue.
Key Financial Highlights (Standalone)
- Total Income: ₹14.30 crore (from loan write-back)
- Net Profit: ₹14.22 crore in Q3 FY25, compared to a loss of ₹6.40 lakh in Q3 FY24
- Nine-Month Net Profit: ₹14.10 crore, versus a loss of ₹18.09 lakh in the same period last year
- Earnings Per Share (EPS): ₹28.44 in Q3 FY25, compared to a negative EPS of ₹0.13 in Q3 FY24
Financial Performance & Business Update
The company’s entire revenue for the quarter came from writing back unsecured loans, resulting in a paper profit despite the lack of operational activity.
Additionally, the Board of Directors approved:
- Shifting of the registered office to Srinagar Colony, Hyderabad
- Authorization to borrow up to ₹2,200 crore via secured/unsecured loans and debt instruments
Auditor’s Concern Over Going Concern Assumptions
The independent auditors, P. Murali & Co., raised concerns regarding the company’s ability to continue as a going concern, citing:
- Zero business operations
- Accumulated losses of ₹25.80 crore
- Heavy reliance on loan write-backs for profitability
Despite these concerns, the management remains optimistic about the company’s potential revival.
While Maruti Securities has reported an exceptional profit for the quarter, it is entirely due to one-time financial adjustments. Investors should closely track future business developments to gauge the company’s long-term viability.
