Timex Group India (500414) Q3 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on January 30, 2025.

• Statutory auditors conducted a limited review and found no material misstatements in the financial statements.

Financial highlights

• Revenue from operations for the quarter ended December 31, 2024, was Rs. 11,994 lakhs, up from Rs. 9,420 lakhs in the same quarter last year.

• Net profit for the quarter was Rs. 194 lakhs, compared to a net loss of Rs. 149 lakhs in the same quarter last year.

• For the nine months ended December 31, 2024, revenue was Rs. 40,269 lakhs and net profit was Rs. 1,781 lakhs.

• Basic and diluted EPS for the quarter were Rs. 0.07, compared to Rs. (0.15) in the same quarter last year.

Outlook and guidance

• The company continues to monitor regulatory changes, including the pending implementation of the Code on Social Security, 2020, and will assess its impact when effective.