Approved the Audited Financial Result for the quarter and year ended 31st March, 2025.
Awaiting price reaction for this filing.
Bijoy Hans Limited (BSE: 524723) announced audited results for Q4 and FY25, with the statutory auditor (Rajesh Surana & Co.) issuing a clean, unmodified opinion. For FY25, revenue from operations was nearly flat at ₹27.89 lakh vs ₹27.98 lakh in FY24, but the company swung to a net profit of ₹13.62 lakh from a loss of ₹11.72 lakh last year. This headline profit was entirely driven by an exceptional gain of ₹55.86 lakh (profit on sale of property, plant & equipment) — the core business actually widened its pre-exceptional loss to ₹36.77 lakh from ₹11.66 lakh. The company is essentially debt-free with cash and equivalents rising to ₹270.55 lakh (from ₹162.54 lakh) and no long-term borrowings. No dividend was declared for FY25, a preferential allotment of 45 lakh equity shares was deferred to 27 May 2025, and the corporate office is being shifted to Sangli, Maharashtra to reflect the new management base. Several appointments were approved, including a new Executive Director (Kaushal Shah, a CA from Sangli), a new Company Secretary, Internal Auditor, and Secretarial Auditor for a 5-year term.
The clean audit opinion and stronger cash position are positives, but shareholders should note that the swing to profit is entirely a one-time asset-sale gain — underlying operations remain loss-making and the operating loss has actually deepened year-on-year. The management shift to Maharashtra, leadership changes, and the upcoming 45 lakh share preferential allotment are material events that could affect shareholding structure and future direction.