Archies Issues Clarification on EPS Error in its December Quarter Result
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
Archies Ltd has issued a formal clarification to the National Stock Exchange (NSE) regarding a technical error in its financial results for the quarter ended December 31, 2024 (Q3 FY25).
Clarification on Ind-AS Compliance Query
The company, replying to a notice from the NSE on non-compliance with Indian Accounting Standards (Ind-AS), said the financial results were prepared based on Ind-AS. However there was a mistake in the XBRL filing, and EPS of ₹0.10 was given instead of ₹0.01. The error was immediately corrected upon discovery, and the revised XBRL report was filed with the accurate EPS figure of ₹0.01, as confirmed by Chiranjivi Ramuka, Compliance Officer and Company Secretary of Archies Ltd.
NSE Acknowledgement and Compliance
The exchange acknowledged the submission on March 20, 2025, under NEAPS Application No. 115251 for the financial period ended December 31, 2024. The company has requested the NSE to take the revised filing on record.
Summary of Q3 FY25 Financials (Standalone, Unaudited)
| Particulars | Q3 FY25 (₹ in Lakhs) | YTD FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 1,782.09 | 5,132.38 |
| Total Income | 2,079.62 | 5,629.85 |
| Total Expenses | 2,062.81 | 5,769.49 |
| Profit Before Tax | 16.81 | -139.64 |
| Net Profit After Tax | 2.83 | -35.86 |
| Total Comprehensive Income | 3.24 | 3,200.32 |
| Basic & Diluted EPS (₹) | 0.01 | -0.11 |
Segment-Wise Revenue – Q3 FY25
- Greeting Cards: ₹172.62 lakh
- Stationery & Paper Bags: ₹870.52 lakh
- Gifts: ₹678.93 lakh
- Others: ₹31.39 lakh
- Total Segment Revenue: ₹1,753.46 lakh
Management Notes
The results were reviewed by the Audit Committee and approved by the Board of Directors on February 14, 2025. The company also confirmed that the financials were unaudited and aligned with Ind-AS as per statutory requirements.
About Archies Limited
Archies Limited, which offers greeting cards and gifting ideas, has clarified its adherence to all regulatory guidelines in response to the exchange in the backdrop of a probe against it, even as it assures transparency in its filings.
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Source: https://nsearchives.nseindia.com/corporate/pankaj_12052025161446_Clarification_submission.pdf
