SecUR Credentials Q3 FY25: Loss widens, sales turn negative

Board meeting: what the company approved

SecUR Credentials Ltd said its Board of Directors met on May 4, 2026, from 6:30 PM to 7:00 PM to consider financial results. The board approved un-audited standalone financial results for Q3 and H1 ended September 30, 2024. It also considered the un-audited standalone financial results for the quarter ended December 31, 2024, along with the limited review report from the statutory auditors. The company stated the unaudited standalone results were reviewed by the Audit Committee and then approved by the board. The review was conducted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors named in the update were JPMD & Associates (Registration No. 133085W). These approvals matter for investors because the company has reported sharp swings in quarterly profitability and negative revenue and sales in the latest reported quarter.

Q3 FY25: net loss replaces last year’s profit

For Q3 FY25 (quarter ended December 31, 2024), SecUR Credentials reported a net loss of ₹2.1597 crore. This compares with a net profit of ₹0.4144 crore in Q3 FY24, indicating a year-on-year reversal. The update also reported that revenue from operations turned negative at -₹0.8749 crore, versus ₹7.0426 crore in the year-ago quarter. Total expenses for Q3 FY25 were reported at ₹1.2998 crore. In another earnings summary for the same quarter, the company reported negative sales of -₹0.875 crore versus ₹7.043 crore a year ago, and negative revenue of -₹0.86 crore versus ₹7.882 crore a year ago. The same summary put net loss at ₹2.16 crore versus net income of ₹0.414 crore a year ago. It also reported basic and diluted loss per share from continuing operations of ₹0.53, compared with basic and diluted EPS of ₹0.10 a year ago.

Nine months ended December 31, 2024: weak comparatives

For the nine months ended December 31, 2024, the earnings summary showed negative sales of -₹0.039 crore compared with ₹24.056 crore a year ago. It reported revenue of ₹0.168 crore compared with ₹25.435 crore a year ago. Net loss was reported at ₹7.316 crore compared with net income of ₹4.673 crore a year ago. Basic and diluted loss per share from continuing operations were both reported at ₹1.78, compared with basic and diluted EPS of ₹1.14 a year ago. The figures underline the extent of the reported decline versus the previous period, based on the data provided in the announcement summary. The company described these as unaudited standalone results, accompanied by a limited review.

FY24 snapshot from filings: loss reported alongside total income

In the FY24 context cited in the provided material, SecUR Credentials reported a net loss of ₹7.1278 crore for the financial year ended March 31, 2024, alongside total income of ₹8.4301 crore. The figures were presented in a table that listed “Total Income” at ₹8.4301 crore and “Net Profit/(Loss)” at -₹7.1278 crore. Separately, an annual report summary in the same material stated the company recorded a net loss of ₹2.46 crore in FY24, a reversal from a profit of ₹7.79 crore in FY23. The annual report summary also said revenue from operations fell 44% year-on-year to ₹28.13 crore. The two FY24 loss figures are both present in the provided text and are presented here as reported, without reconciliation.

What the company does

SecUR Credentials Limited is described as an India-based company engaged in employee background screening and as a Human Resource solutions provider. This positioning typically links performance to hiring demand, client onboarding cycles, and enterprise compliance needs. The corporate update focused on standalone results and compliance disclosures rather than operational commentary. The registered office address provided is Plot No G-4, MIDC Cross Road A, Andheri (E), Mumbai, Maharashtra-400093, and the phone number listed is 91-22-62647700. The company also referenced disclosure processes tied to SEBI regulations, including limited review requirements.

Compliance, audit review, and SEBI LODR references

The statutory auditors, JPMD & Associates (Registration No. 133085W), conducted a limited review of the unaudited standalone results pursuant to Regulation 33 of SEBI LODR, the company said. The board approvals covered multiple reporting periods, including Q3 and H1 ended September 30, 2024, and the quarter ended December 31, 2024. In another regulatory communication included in the material, the company said its board did not approve audited financial results for the quarter and year ended March 31, 2024, citing the bad health of a director, Mr. Ashish Mahendrakar. In that communication, the company requested an extension of time till December 25, 2024 for submission of audited financial results. That meeting, as stated, commenced at 6:00 PM and concluded at 7:00 PM.

Trading window disclosure referenced in the updates

The material also included a trading window disclosure under the SEBI (Prohibition of Insider Trading) Regulations, 2015. It stated the trading window for dealing in the company’s securities would remain closed for designated persons and their immediate relatives with effect from October 1, 2024. The closure was stated to remain in place until 48 hours after declaration of unaudited financial results for the quarter ended September 30, 2024. Such disclosures are routine around results periods and are meant to support insider trading compliance.

Market snapshot mentioned: share price and market capitalisation

A market snapshot in the provided text stated SecUR Credentials Ltd’s share price was ₹1.63 at 04:01 PM IST on April 15, 2025. It also stated the share price was unchanged, up by 0.00% over the previous close of ₹1.63. The same snapshot put the company’s market capitalisation at ₹7 crore. The data point provides context on the small-cap nature of the stock as reported in the material, though it is not linked to any specific trading-day catalyst.

Key figures table (all amounts in ₹ crore)

Why the update matters for investors

The central takeaway from the disclosed numbers is the sharp shift to losses in Q3 FY25 versus Q3 FY24, along with negative revenue and sales reported for the quarter ended December 31, 2024. The board’s approval of unaudited standalone results, with a limited review, confirms these figures have gone through the company’s formal governance process and auditor review procedures described under SEBI LODR. The FY24 picture presented in the material includes multiple loss figures, reflecting different summaries and tables included in the provided content. Investors tracking the stock may focus on whether subsequent filings provide reconciliations and clearer period-wise breakups. Separately, the trading window disclosure highlights that the company is following results-period compliance steps referenced in its announcements.

Conclusion

SecUR Credentials’ board approvals and limited review disclosures place formal emphasis on its unaudited standalone numbers across multiple periods. The latest quarter cited, Q3 FY25, shows a net loss of ₹2.16 crore and negative revenue and sales in the summaries provided. FY24 numbers in the material include a reported loss of ₹7.13 crore on total income of ₹8.43 crore, and a separate annual report summary that cites a net loss of ₹2.46 crore and revenue from operations of ₹28.13 crore. The next clarity point for investors will be subsequent company filings that present audited results and any detailed reconciliations for the periods referenced.