Outcome of the Board Meeting held on today i.e 20/05/2025 to consider the audited Financial Results of the Company for the Qtr / FY ended on 31st March 2025
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The board approved the audited standalone financial results for FY25 along with the appointment of M/s Vandana Tarika & Associates as Internal Auditor for FY25-26. Total income from operations fell sharply from Rs 1,029.02 lakhs in FY24 to Rs 277.65 lakhs in FY25, a drop of roughly 73%. Net profit after tax slumped from Rs 448.87 lakhs to Rs 52.51 lakhs (down ~88%), pulling EPS down to Rs 0.89 from Rs 7.58. Operating cash flow swung to a negative Rs (4,770.67) lakhs versus positive Rs 3,386.28 lakhs a year ago. To fund this shortfall, the company raised Rs 4,750 lakhs through unsecured borrowings and share warrants in FY25. The statutory auditor issued an unmodified (clean) opinion, and there were no exceptional items reported.
Severe year-on-year contraction in both revenue and profit, combined with deeply negative operating cash flow, points to significant operational stress. The company is now funding day-to-day activity largely through fresh borrowings, which raises leverage and going-concern watch-points for shareholders despite the clean auditor opinion.