One 97 Communications Reports Highest PAT in Five Quarters Amid Sales Decline

Jan 20 2025 01:17 PM IST
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One 97 Communications has announced its financial results for Q3 FY24-25, reporting a profit after tax of Rs -208.30 crore, the highest in five quarters. Net sales reached Rs 1,827.80 crore, an 11.7% decline from previous averages, while non-operating income hit Rs 188.70 crore, also a five-quarter high.
One 97 Communications, a significant entity in the finance and non-banking financial company (NBFC) sector, has released its financial results for the third quarter of FY24-25, reporting a profit after tax (PAT) of Rs -208.30 crore. This figure represents the highest PAT recorded over the last five quarters, suggesting a notable near-term trend despite the overall challenges faced by the company.

In terms of net sales, One 97 reported Rs 1,827.80 crore, which reflects an 11.7% decline compared to the average net sales of Rs 2,069.68 crore from the previous four quarters. This decline indicates a concerning trend in sales performance. Additionally, the company achieved non-operating income of Rs 188.70 crore, marking the highest level in the last five quarters. While this may offer a temporary uplift, it raises questions regarding the long-term viability of income generated from non-core activities.

In light of these developments, there has been an adjustment in evaluation for One 97 Communications, reflecting the complexities of its financial landscape.

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