Valor Estate (533160) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved on August 13, 2024.

• Statutory auditors issued an unmodified review conclusion for both standalone and consolidated results.

Financial highlights

• Standalone revenue from operations was ₹772.49 lakhs, down from ₹872.49 lakhs in the previous quarter.

• Standalone net loss after tax was ₹1,760.93 lakhs, compared to a net loss of ₹3,002.19 lakhs in the previous quarter.

• Consolidated revenue from operations was ₹7,945.05 lakhs, down from ₹14,421.81 lakhs in the previous quarter.

• Consolidated net loss after tax was ₹1,318.83 lakhs, compared to a net loss of ₹1,333.18 lakhs in the previous quarter.

• Exceptional items in the previous quarter significantly impacted prior period results.

Outlook and guidance

• The company does not expect any liability from ongoing SEBI proceedings related to corporate guarantees, following a recent settlement and release of guarantees.

• No adverse impact is expected from other ongoing legal proceedings.