Modern Threads (India) Limited — Important, 15-02-2025: Updates

The Board has approved the un-audited financial results for the quarter and nine months ended 31st December 2024. For the quarter, revenue from operations stands at ₹7,232.64 crore, with a net profit of ₹1,037.96 crore after tax expenses. The year-to-date revenue has reached ₹19,844.19 crore, with a corresponding net profit of ₹3,477.52 crore.

Notably, Modern Threads has not provided for interest on cumulative redeemable preference shares amounting to ₹9.10 lakh for the quarter and ₹27.21 lakh for the nine months, totaling ₹1,038.82 lakh. This is due to the company being in the process of settling remaining redeemable preference share capital.

The financial position indicates a robust revenue generation, however, the unresolved issues related to interest provision on preference shares may impact future cash flows. Investors should monitor these developments closely as they may influence the company’s overall financial health and operational strategies.