Satiate Agri Limited Resubmits Q3FY25 Results Showing Continued Losses
Satiate Agri Limited resubmitted its Q3FY25 financial results showing a net loss of ₹0.32 lakhs with zero revenue from operations. The nine-month period recorded a significantly higher loss of ₹56.70 lakhs compared to ₹1.20 lakhs in the previous year, primarily due to exceptional items. The company maintained minimal operational activity with employee benefits being the main expense component during the quarter.
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Satiate Agri Limited (formerly known as Shaba Chemicals Limited) has resubmitted its financial results for the quarter and nine months ended December 31, 2024, following observations from BSE Limited. The resubmission was made for procedural compliance and record clarification, with the company confirming no changes to the originally submitted financial figures.
Financial Performance Overview
The company's financial performance during Q3FY25 reflected continued operational challenges with zero revenue generation and sustained losses.
| Financial Metric | Q3FY25 | Q3FY24 | Nine Months FY25 | Nine Months FY24 |
|---|---|---|---|---|
| Revenue from Operations (₹ lakhs) | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Revenue (₹ lakhs) | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Loss (₹ lakhs) | (0.32) | (0.38) | (56.70) | (1.20) |
| Basic EPS (₹) | (0.00) | (0.00) | (0.19) | (0.04) |
Expense Structure Analysis
Despite minimal operational activity, the company incurred essential expenses during the reporting period. Employee benefit expenses remained the primary cost component at ₹0.30 lakhs for Q3FY25, compared to ₹0.38 lakhs in the corresponding previous quarter. Other expenses were minimal at ₹0.02 lakhs for the quarter.
| Expense Category | Q3FY25 (₹ lakhs) | Q3FY24 (₹ lakhs) |
|---|---|---|
| Employee Benefits | 0.30 | 0.38 |
| Other Expenses | 0.02 | 0.00 |
| Total Expenses | 0.32 | 0.38 |
Nine-Month Performance Impact
The nine-month period showed a substantial increase in net loss to ₹56.70 lakhs compared to ₹1.20 lakhs in the previous year. This significant deterioration was primarily attributed to exceptional items worth ₹56.06 lakhs recorded during the preceding quarter (Q2FY25). The cumulative employee benefit expenses for nine months stood at ₹0.60 lakhs compared to ₹0.54 lakhs in the previous year.
Corporate Compliance and Governance
The financial results were reviewed by the audit committee and approved by the board of directors at their meeting held on February 14, 2025. The results have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) for Interim Financial Reporting. The company's auditors, A A A M & Co. LLP, conducted a limited review and found no material misstatements in the financial results.
Key Operational Notes
The company operates in a single business segment, making segment-wise disclosure inapplicable. Management noted that due to the seasonal nature of the company's business, the Q3FY25 results are not indicative of full-year performance. The paid-up equity share capital stood at ₹292.72 lakhs as of December 31, 2024, with a face value of ₹10 per share.
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