Sylph Technologies Ltd Q3 FY25 Results
| Metric | Q3 FY25 | Q3 FY24 | % Change |
|---|---|---|---|
| Sales (Rs. Million) | 0.00 | 86.29 | -100% |
| Other Income (Rs. Million) | 0.22 | 0.98 | -77.55% |
| PBIDT (Rs. Million) | -17.17 | -6.10 | -181.48% |
| Tax (Rs. Million) | -1.73 | 1.54 | -212.34% |
| PAT (Rs. Million) | -15.44 | -7.64 | -102.09% |
| Equity (Rs. Million) | 857.60 | 159.50 | 437.68% |
| PBIDT Margin (%) | 0.00% | -7.07% | – |
Sylph Technologies Ltd released its Q3 FY25 financial results, showing significant changes across multiple financial metrics.
Sales and Other Income
The company reported zero sales for the quarter, marking a 100% decline compared to Rs. 86.29 million in Q3 FY24. Other income also dropped by 77.55%, falling to Rs. 0.22 million from Rs. 0.98 million in the same period last year. Year-to-date other income increased by 149.84%, reaching Rs. 7.72 million from Rs. 3.09 million in FY24.
Profitability Metrics
Sylph Technologies Ltd’s Profit Before Interest, Depreciation, and Tax (PBIDT) fell sharply. The company reported a loss of Rs. 17.17 million, which reflects a 181.48% increase in losses compared to a Rs. 6.10 million loss in Q3 FY24. On a year-to-date basis, PBIDT stood at Rs. -10.52 million, reflecting a 101.92% decline compared to Rs. -5.21 million last year.
The company incurred zero interest expenses during the quarter, similar to Q3 FY24. Profit Before Depreciation and Tax (PBDT) also reflected the same Rs. -17.17 million loss, marking a 181.48% rise in losses from the previous year’s figure of Rs. -6.10 million.
Tax and Net Profit
Sylph Technologies Ltd reported a tax expense of Rs. -1.73 million, a significant drop from Rs. 1.54 million last year, reflecting a -212.34% change. The net profit (PAT) decreased by 102.09%, with the company reporting a loss of Rs. -15.44 million, compared to Rs. -7.64 million in Q3 FY24.
Year-to-date net profit stood at Rs. -10.52 million, showing a 50.72% decrease from Rs. -6.98 million in the previous financial year.
Equity and Margins
The company increased its equity significantly to Rs. 857.60 million, reflecting a 437.68% rise compared to Rs. 159.50 million in Q3 FY24. PBIDT margins also took a hit, reporting 0.00% for this quarter compared to -7.07% in the same period last year.
Final Thoughts
Sylph Technologies Ltd experienced zero sales, significant losses in PBIDT and PAT, and a substantial increase in equity. Despite growth in year-to-date other income, the company’s core profitability remains under pressure due to rising expenses and falling revenues.
Disclaimer: This blog is for informational purposes only and should not be considered as financial advice or any buy/sell recommendations.
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