Approval of Audited Financial Results
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The Board of AJC Jewel Manufacturers Ltd approved the audited financial results for FY25 on 28 August 2025. Revenue from operations fell to Rs 22,046.35 lakhs from Rs 24,588.99 lakhs in FY24, a decline of about 10.4%. Profit after tax slipped to Rs 286.34 lakhs (from Rs 311.77 lakhs), and EPS dropped to Rs 6.44 from Rs 7.74. Total balance sheet size grew 32% to Rs 4,935.16 lakhs, driven by higher inventories, trade receivables, and short-term borrowings. A major red flag is that net cash from operating activities turned negative at Rs -802.80 lakhs, compared with a positive Rs 442.48 lakhs last year. The 7th AGM is scheduled for 27 September 2025 via video conference.
Mixed-to-negative for shareholders — falling revenue and profits combined with negative operating cash flow and rising short-term debt (up 49%) signal working capital stress, though the company remains profitable. Investors should monitor cash conversion and the high level of related party sales (notably Rs 3,397 lakhs to AJC Jewellery Trading LLC and Rs 297 lakhs to Vismaya Gold) which raise corporate governance questions.