Outcome of Board Meeting held on May 14, 2025 for: 1. Approval of Audited Financial Results (Standalone and Consolidated ) for the quarter and year ended March 31, 2025 with Audit Report, ....
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Abans Enterprises' Board on May 14, 2025 approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified audit opinion from Paresh Rakesh & Associates LLP. On a standalone basis, revenue from operations more than doubled to Rs. 10,545.39 lakhs (FY24: Rs. 5,125.83 lakhs) and profit after tax rose to Rs. 317.36 lakhs (FY24: Rs. 202.31 lakhs). On a consolidated basis, revenue jumped to Rs. 3,84,976.04 lakhs from Rs. 1,77,084.10 lakhs, with PAT at Rs. 1,884.61 lakhs versus Rs. 975.80 lakhs, partly boosted by a one-time Rs. 1,752.11 lakhs reversal of old trade payables. The Board also approved raising up to Rs. 1,000 crores via debt/non-convertible securities on private placement. The auditor highlighted as an Emphasis of Matter the proposed merger of wholly-owned subsidiary Abans Jewels Limited, awaiting NCLT approval.
Strong topline growth and higher profits are positive for shareholders, though consolidated operating cash flow turned sharply negative (Rs. -19,308.60 lakhs vs Rs. +5,900.69 lakhs last year), and the planned Rs. 1,000 crore debt raise could dilute existing holders' position or increase leverage depending on the structure.