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Prithvi Exchange (India) Ltd

| Quarterly Financial Results Q3 FY 2025-26

BEARISH SENTIMENT

Report Source

⬤31st Jan 26

Summary : Prithvi Exchange reported weaker Q3 FY25 financial results with declining profits and EPS, impacted by a new RBI foreign currency sales regulation, despite declaring an interim dividend.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone (3 months ended 31.12.2025): Total Expenses of Rs. 91,219.93 Lakhs, with Purchase of foreign currencies at Rs. 90,330.36 Lakhs.
  2. Consolidated (3 months ended 31.12.2025): Total Expenses of Rs. 91,226.34 Lakhs, with Purchase of foreign currencies at Rs. 90,330.36 Lakhs.
  3. Standalone (3 months ended 31.12.2025): Total Income of Rs. 91,304.82 Lakhs, with Income from Operations at Rs. 91,254.80 Lakhs (Sale of foreign currencies: Rs. 90,921.02 Lakhs).
  4. Consolidated (3 months ended 31.12.2025): Total Income of Rs. 91,307.24 Lakhs, with Income from Operations at Rs. 91,256.17 Lakhs (Sale of foreign currencies: Rs. 90,921.02 Lakhs).
  5. Paid-up equity share capital: Rs. 824.97 Lakhs (Standalone & Consolidated, as of 31.12.2025).
  6. Other Equity: Rs. 4,163.67 Lakhs (Standalone, as of 31.03.2025).
  7. Other Equity: Rs. 4,154.44 Lakhs (Consolidated, as of 31.03.2025).
  8. Both standalone and consolidated financial results are presented.
  9. Consolidated results include Prithvi Global FX Private Limited (Associate) and Octagon Insurance Broking Private Limited (Subsidiary).

Corporate Overview

  1. India (Chennai based)
  2. RBI circular on foreign currency sales (75% rule) has a financial impact on current quarter performance.
  3. RBI regulations for foreign exchange operations
  4. Operates in foreign currencies, forex cards, and remittances abroad.
  5. Mainly trades in foreign currencies.
  6. Operates in one business segment: Foreign Exchange.
  7. Formal and compliant with regulatory disclosure requirements.
  8. Public for permitted foreign currency purposes
  9. Sale of foreign currencies
  10. Other Operating Income
  11. Other Income

Risk Factors

  1. Declining profit after tax.
  2. New RBI regulation impacts performance.
  3. Decreased earnings per share.
  4. High dependence on foreign exchange.

Key Drivers

  1. Interim dividend declared for shareholders.
  2. Unqualified review opinion received.
  3. Strong revenue from operations.
  4. Focus on core foreign exchange business.

Auditor’s Report

  1. Unqualified Review Conclusion for standalone financial results for the quarter ended 31.12.2025.
  2. Unqualified Review Conclusion for consolidated financial results for the quarter ended 31.12.2025.
  3. Auditors did not express an audit opinion, as it was a review.

Board Commentary

  1. Interim dividend of 15% (Rs. 1.50 per share on Rs. 10/- face value) declared for FY 2025-2026.
  2. Record date fixed as 09th February, 2026 for dividend entitlement.
  3. RBI circular on foreign currency sales (75% rule) has a financial impact.

Corporate Governance

  1. Audit committee reviewed and recommended financial results.

Management Discussion & Analysis

Performance Drivers

  1. Sale of foreign currencies is the primary revenue driver.

Critical Risks

  1. RBI circular (08 Dated 27th May, 2024) mandates 75% minimum sale of foreign currencies to public from purchased notes, impacting current quarter performance.
Prithvi Exchange (India) Ltd (PRITHVISOF) Quarterly Report Analysis & Insights | Dhanarthi