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Awaiting price reaction for this filing.
Athena Global Technologies reported FY25 standalone revenue from operations of Rs. 1,217.80 lakhs, up about 25% from Rs. 970.95 lakhs in FY24, driven by growth in the software services segment. However, total revenue fell sharply to Rs. 1,465.60 lakhs from Rs. 24,855.21 lakhs in FY24 because last year's numbers included a one-time non-cash fair value gain of Rs. 23,593.73 lakhs from its investment property. The company swung to a standalone loss after tax of Rs. 1,411.98 lakhs versus a profit of Rs. 21,373.94 lakhs in FY24, while consolidated loss after tax was Rs. 2,014.42 lakhs (vs profit of Rs. 20,510.10 lakhs). The core software services segment continued to post losses. Other income includes accrued interest on loans given to subsidiaries Medley Medical Solutions and Tutoroot Technologies. The statutory auditor issued an unmodified (clean) opinion, and M/s. Sarda & Agarwal was appointed as internal auditor for FY 2025-26.
The headline losses look alarming but are largely a mirror image of the FY24 one-time property revaluation gain that flattered that year's numbers. The underlying software business is still loss-making at the operating level, though operating cash flow improved standalone. Shareholders should watch whether core services can turn profitable without relying on property-related items.