Adroit Infotech Limited has informed the Exchange regarding Board meeting held on May 22, 2025.
ADROITINFO · price
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The Board of Adroit Infotech Limited, at its meeting on May 22, 2025, approved the Annual Audited Standalone and Consolidated Financial Results for FY ended March 31, 2025. The statutory auditors, M/s. Rao & Shyam Chartered Accountants, issued an unmodified (clean) opinion on both sets of results. On a standalone basis, the company reported a net loss of approximately Rs. 131.24 Lakhs for the year, though pre-exceptional profit before tax was around Rs. 230.82 Lakhs. Consolidated turnover stood at Rs. 33.91 crores (Rs. 3,391 Lakhs) with shareholder funds of Rs. 73.60 crores (Rs. 7,360 Lakhs). Several exceptional/extraordinary items impacted the results, including an exceptional gain of Rs. 293.17 Lakhs from reversal of Verso acquisition contingent consideration, bad debts written off of Rs. 323.70 Lakhs, and a Rs. 47.68 Lakhs GST liability charge for FY 2018-19.
Despite the clean auditor's opinion, shareholders should note the standalone net loss and significantly negative operating cash flow (Rs. 1,341 Lakhs consolidated vs Rs. 172 Lakhs prior year), which was funded by fresh equity issuance of Rs. 38.57 crores. The stock may face short-term pressure due to weak cash generation and standalone loss, though the strong balance sheet (no major debt concerns) and one-off exceptional items provide some context.