Revised outcome of Board Meeting
ALGOQUANT · price
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified auditor opinion from O P Bagla & Co. LLP. On a standalone basis, FY25 total revenue rose about 50% to Rs 23,454.52 lakh from Rs 15,628.18 lakh (restated), and net profit grew roughly 31% to Rs 3,257.53 lakh from Rs 2,481.86 lakh; FY25 EPS stood at Rs 20.86 vs Rs 15.89. However, Q4 FY25 was weak – net profit fell sharply to Rs 106.17 lakh from Rs 643.56 lakh a year ago. The auditor flagged an emphasis of matter on the Composite Scheme of Arrangement (amalgamation of AIPL and stock-broking business of GSPL) approved by NCLT in October 2024, which led to restatement of prior-period numbers from April 1, 2023. The board also noted the exit of Company Secretary Barkha Sipani, appointed Krishna Kumar Yadav as the new CS, elevated Dhruv Gupta from Non-Executive to Whole-time Director, and appointed new secretarial and internal auditors.
Long-term shareholders get a meaningful restated earnings uplift and a stronger balance sheet post-scheme, but the weak Q4 print and bonus share issuance may dilute near-term sentiment. The leadership churn at the CS level and addition of a whole-time director signal ongoing restructuring rather than any operational distress.