Please find attached revised Audited Finacial Results for YE March 31, 2025 together with Cash Flow Statement, Statement of Assets & Liabilities, Declaration as wll as Aduit Report from ....
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Adcon Capital Services Ltd has filed revised audited results for FY2024-25, showing sharply higher profits mainly driven by a one-off gain rather than core operations. Total revenue from operations rose to Rs 324.11 lakhs from Rs 167.72 lakhs a year earlier, while profit after tax jumped to Rs 218.35 lakhs from Rs 30.91 lakhs (about 7x growth). For Q4 alone, PAT was Rs 53.51 lakhs vs Rs 23.06 lakhs in the year-ago quarter. The company has retrospectively applied Expected Credit Loss (ECL) provisioning and standard asset provisioning as prior period errors under Ind AS 8, restating earlier numbers. The auditor (Maheshwari & Co) gave an unmodified opinion but flagged four emphasis-of-matter issues, including unconfirmed trade and loan balances, Rs 504.44 lakhs of advances on which no interest income has been recognised, and the retrospective ECL and standard asset provisioning.
Headline profit growth looks strong, but operating cash flow was negative at Rs -130 lakhs and Rs 4,299 lakhs of loans and advances remain unconfirmed, signalling weak cash collection. Investors should treat the profit surge with caution given the auditor's emphasis-of-matter points and the reliance on retrospective accounting adjustments.