EAAA India Alternatives (EDELALTS) Q3 23/24 earnings summary

Executive summary

• Q3 FY24 total income was ₹9,651.41 lakh and net profit was ₹3,478.91 lakh; nine-month net profit reached ₹8,645.23 lakh.

• The Board approved the unaudited results for the quarter ended December 31, 2023 and raising funds through non-convertible debentures (NCDs).

Financial highlights

• Q3 revenue from operations was ₹9,651.29 lakh, versus ₹9,483.54 lakh in Q2 FY24 and ₹7,042.53 lakh in Q3 FY23.

• Q3 profit before tax was ₹4,591.41 lakh, versus ₹3,927.77 lakh in Q2 FY24 and ₹2,552.10 lakh in Q3 FY23.

• Q3 net profit was ₹3,478.91 lakh, versus ₹2,956.05 lakh in Q2 FY24 and ₹2,090.07 lakh in Q3 FY23; nine-month net profit was ₹8,645.23 lakh versus ₹6,072.03 lakh.

• Nine-month revenue from operations was ₹27,426.89 lakh versus ₹19,829.82 lakh in the prior-year period; nine-month total expenses were ₹15,980.23 lakh versus ₹12,348.98 lakh.

• Q3 basic and diluted EPS were ₹10.82 each versus ₹11.09 in Q3 FY23; nine-month EPS was ₹26.90 versus ₹32.22.

Segment performance

• Operations comprise one reportable segment: investment management to alternative investment funds and advisory services to offshore funds.