Approval of the Audited Financial Results of the Company for Quarter/ Year ended 31st March 2025
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The Board of Tridev Infraestates Limited (formerly Ashutosh Paper Mills) approved audited financial results for FY25 and Q4 FY25 on May 30, 2025. Revenue from operations fell to Rs. 13.52 lakh in FY25 from Rs. 19.28 lakh in FY24, a decline of about 30%. Total income dropped to Rs. 27.31 lakh from Rs. 33.70 lakh, and profit before tax fell to Rs. 3.05 lakh from Rs. 8.08 lakh. Net profit for the year was just Rs. 0.23 lakh versus Rs. 57.82 lakh last year (the FY24 figure was inflated by a one-time deferred tax credit). The auditor, GAMS & Associates LLP, issued a qualified opinion because the company's accounting software does not have the audit trail (edit log) feature — this is the second consecutive year of the same qualification. Net worth remains weak with accumulated losses of Rs. 323.78 lakh against share capital of Rs. 652.54 lakh.
Shareholders should note a qualified auditor opinion (second year in a row) on internal controls, shrinking revenues, and near-zero profitability, which together signal weak operational health and limited earnings visibility. The stock may see a negative reaction given the small revenue base and recurring audit qualification.