DELPHIFX2024-10-012024-12-31 DELPHIFX2024-10-012024-12-31 DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses03Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses04Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses05Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses06Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses07Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses08Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses09Member DELPHIFX2024-10-012024-12-31in-bse-fin:OneOperatingExpenses10Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses03Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses04Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses05Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses06Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses07Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses08Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses09Member DELPHIFX2024-10-012024-12-31in-bse-fin:FourOperatingExpenses10Member DELPHIFX2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533452 DELPHIFX NA DELPHI WORLD MONEY LIMITED Equity 2024-04-01 2025-03-31 2025-02-06 2025-01-30 INR Millions Third quarter 11:00:00 11:29:00 2025-02-06 2025-02-06 Not applicable Single segment Foreign Exchange Service & Related Services 2024-10-01 2024-12-31 Unaudited Standalone 125788000.00 49198000.00 174986000.00 0.00 0.00 0.00 23986000.00 7625000.00 5018000.00 108240000.00 144869000.00 30117000.00 -125995000.00 -95878000.00 -5860000.00 -31726000.00 -37586000.00 0.00 -58292000.00 0.00 0.00 0.00 0.00 -58292000.00 33000.00 -58259000.00 0.00 0.00 111279000.00 10 -5.24 -5.24 0.00 0.00 -5.24 -5.24 0.00 0.03 0.03 1).The above unaudited financial results for the quarter and nine months ended December 31, 2024, have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at their respective meetings held on February 06, 2025. The statutory auditors of the Company, M/s T R Chadha & Co LLP have carried out a Limited Review of said unaudited financial results. 2).The above financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended (Ind AS), as prescribed under Section 133 of the Companies Act 2013 (the 'Act') read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and the other recognised accounting practices and policies to the extent applicable and is in compliance with presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended) ( Listing Regulations ). 3).Segment Reporting: The Company has evaluated its operating segments in accordance with Ind AS 108, and has concluded that it is engaged in a single operating segment viz. Foreign Exchange services on the basis of decisions taken for the allocation of resources by the Chief Operating Decision Makers (CODM) and the internal business reporting; system for evaluation of operational results. Further, the Company does not have reportable geographical segment. 4).The Enforcement Directorate (ED) imposed a monetary penalty of Rs.329.07 million on the Company and Rs.35.20 million on its Principal Officer for non-compliance with certain provisions of the Foreign Exchange Management Act, 1999 (FEMA 1999). Aggrieved by the adjudication orders, the Company has filed appeals before the Hon’ble Appellate Tribunal under SAFEMA, challenging the imposed penalties. The proceedings are ongoing, and the matters have been listed for hearing. During the current quarter, while hearing the Company’s application for a waiver of the pre-deposit requirement, the Hon’ble Appellate Tribunal passed an order directing the Company to deposit 15% of the penalty amount. The Company has accepted the order and has made the required pre-deposit. These matters pertain to the period prior to the acquisition of the Company by EbixCash World Money Limited (Holding Company) under the Share Purchase Agreement dated December 31, 2018. The Company believes that there are substantial grounds to challenge the adjudication orders, and further, it is covered by indemnities provided by the erstwhile Promoters under the Share Purchase Agreement. Accordingly, any potential liability arising from these penalties, if incurred, is expected to be indemnified by the erstwhile Promoters. As these matters are sub-judice and the Company has indemnification coverage, no financial impact has been considered in these results. Single segment 2024-04-01 2024-12-31 Unaudited Standalone 421566000.00 144931000.00 566497000.00 0.00 0.00 0.00 79830000.00 23267000.00 8796000.00 376015000.00 487908000.00 78589000.00 -125995000.00 -47406000.00 6123000.00 -44335000.00 -38212000.00 0.00 -9194000.00 0.00 0.00 0.00 0.00 -9194000.00 -93000.00 -9287000.00 0.00 0.00 111279000.00 10 -0.83 -0.83 0.00 0.00 -0.83 -0.83 0.00 0.03 0.03 Agency commission / incentives 67485000.00 CSR Expenses 968000.00 Insurance expenses 192000.00 Legal and professional charges 4213000.00 Miscellaneous expenses 12367000.00 Provision/ (reversal) for Expected Credit Loss 17382000.00 Rent & Concession Payments 1763000.00 Repairs and maintenance-others 596000.00 Telephone, Internet, and Courier Expenses 594000.00 Travelling and Conveyance 2680000.00 Agency commission / incentives 233611000.00 CSR Expenses 2904000.00 Insurance expenses 739000.00 Legal and professional charges 17376000.00 Miscellaneous expenses 30340000.00 Provision/ (reversal) for Expected Credit Loss 75010000.00 Rent & Concession Payments 5350000.00 Repairs and maintenance-others 1422000.00 Telephone, Internet, and Courier Expenses 1588000.00 Travelling and Conveyance 7675000.00 5).As of December 31, 2024, the Inter-Corporate Deposits (ICDs) receivables amounts to Rs.1,730.94 million, which have been extended to group entities some of which have weak financial strengths, with significant exposures to Ebix Travel (Rs.1,614.60 million) and Smartclass (Rs.97.83 million). During the current period, Smartclass repaid Rs.124.78 million, reducing its outstanding balance from Rs.255.22 million to Rs.97.83 million. The total recoverable amount has decreased compared to September 30, 2024. The ability of these borrower companies to repay their ICD obligations is dependent on the overall financial position of the group. The Company's immediate parent, EbixCash Limited (“ECL”), is the intermediary holding company, while the Ebix, Inc. is the ultimate parent entity of the group. Ebix, Inc. which is a USA-based company had earlier filed for voluntary petitions to commence proceedings under Chapter 11 (the “Chapter 11 Cases”) of the United States Code (the “Bankruptcy Code”). During the previous quarter, Ebix Inc. USA and its global subsidies have been acquired by Eraaya Lifespaces Limited (referred to as “Eraaya”). Eraaya has completed acquisition of Ebix Inc. on August 30, 2024 and has become ultimate holding company. While Chapter 11 proceedings have concluded, however, there are still cash flow challenges at group level. The new Management is in process of taking steps to improve operations and liquidity in businesses of Ebix Group. The collectability of these ICDs is dependent on the support from ECL. The management remains confident that ECL has adequate revenue-generating assets to provide financial support to these borrower companies, and accordingly, no provision has been made on the ICDs. 6).On September 27, 2024, Eraaya Lifespaces Limited made a public announcement through the Indian stock exchange, confirming the suspension of Mr. Robin Raina from his roles as Director and CEO of Ebix, Inc. The suspension is related to certain alleged financial irregularities, pending an internal inquiry. Based on discussions with the Board of Directors of Eraaya, the Company's Board of Directors has reviewed the matter and concluded that the alleged financial irregularities do not pertain to the Company. Accordingly, this matter does not have any impact on the Company’s financial results for the quarter and nine months ended December 31, 2024. 7).Exceptional Item: management of the Company believes that there is uncertainty involved in the recoverability from the parties amounting to Rs. 125.99 million and accordingly, the Company has made additional provision for expected credit loss amounting to Rs. 125.99 million on such trade receivables balance and presented the same as exceptional item. 8).Pursuant to the provisions of the Listing Regulations, the Company will publish unaudited financial results in the newspapers. The unaudited financial results of the Company will be made available on the Company's website www.indiaforexonline.com and also on the website of BSE Limited (www.bseindia.com) and National Stock Exchange (www.nseindia.com). 9).The previous period's figures have been regrouped/reclassified wherever to correspond with the current period classification/disclosures. 33000.00 -93000.00 0.00 0.00 0.00 0.00