Audited financial results for the quarter and year ended 31.03.2025
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For FY25, standalone total revenue rose modestly to ₹1,561.27 lakhs from ₹1,494.74 lakhs in FY24 (about 4.5% growth), but net profit fell sharply to ₹37.40 lakhs from ₹104.29 lakhs (down ~64%). Consolidated revenue grew to ₹1,680.89 lakhs (from ₹1,608.59 lakhs) while consolidated net profit dropped to ₹54.27 lakhs from ₹125.24 lakhs. Q4FY25 standalone was a loss of ₹75.63 lakhs versus a profit of ₹9.13 lakhs in Q4FY24, with EPS for the full year at ₹0.612 (basic) vs ₹1.71 earlier. Costs rose significantly — employee expenses jumped to ₹332.26 lakhs from ₹253.61 lakhs, and cost of sales rose to ₹816.49 lakhs from ₹779.94 lakhs — squeezing operating margins. The statutory auditor (Bhatter & Company) issued an unmodified opinion on both standalone and consolidated results. The company also issued 10 lakh convertible warrants at ₹66 each on a preferential basis during the quarter, receiving ₹1.65 crore as 25% application money.
Despite top-line growth, sharply higher employee and operating costs led to a steep fall in profits and a Q4 loss, which is likely to weigh negatively on sentiment. The equity dilution potential from the 10 lakh convertible warrants is an additional overhang for existing shareholders.