Adroit Infotech Limited has informed the Exchange about General Updates
ADROITINFO · price
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On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.0 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adroit Infotech's board approved its FY25 audited results on May 22, 2025, with the statutory auditor (Rao & Shyam) issuing an unmodified/unqualified opinion on both standalone and consolidated statements. Total consolidated income grew about 31% to ₹3,391.16 Lakhs (FY24: ₹2,583.70 Lakhs), but the company swung from a ₹381.33 Lakhs profit before exceptional items in FY24 to a ₹204.57 Lakhs loss before exceptional items in FY25. The reported profit was propped up by an exceptional gain of ₹370.81 Lakhs from reversal of contingent consideration on the Verso acquisition. The company also wrote off ₹323.70 Lakhs in bad debts from older branch/subsidiary receivables, booked a ₹47.68 Lakhs GST liability from a March 2025 appellate order, and wrote down ₹51.38 Lakhs of deferred tax assets it can no longer use. Net cash from operating activities was sharply negative at ₹(1,341.50) Lakhs (consolidated). The company also completed a rights issue of 3.25 crore partly paid shares at ₹15/share, which nearly doubled paid-up equity capital.
Top-line growth is encouraging, but the underlying operations are weak — pre-exceptional losses and large negative operating cash flow signal pressure on working capital and collection issues. Shareholders should treat the headline profit with caution as it relies on a one-time exceptional gain, while ₹323.70 Lakhs in bad debt write-offs raises concerns about receivables quality from subsidiaries and branches.