Attached
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Athena Global Technologies has filed revised audited results for Q4 and FY25 due to a clerical error in segment liability figures for Software Services and Online Education Services on the consolidated balance sheet; the company says there is no impact on overall financials. On a standalone basis, total income for FY25 jumped to Rs 24,855.21 lakhs from Rs 1,465.60 lakhs in FY24, and the company swung from a loss after tax of Rs 1,411.98 lakhs to a profit of Rs 21,373.94 lakhs. However, almost the entire profit (Rs 23,593.73 lakhs) came from a non-cash fair-valuation gain on its investment property, not from operations. Core operating revenue grew modestly from Rs 970.95 lakhs to Rs 1,217.80 lakhs. On a consolidated basis, FY25 PAT was Rs 20,510.10 lakhs, but Q4 standalone and Q4 consolidated both posted losses of Rs 190.41 lakhs and Rs 687.53 lakhs respectively. Other income includes accrued interest on loans given to subsidiaries Medley Medical Solutions and Tutoroot Technologies. Auditor Ramanatham & Rao issued an unmodified opinion.
Shareholders should note that the headline profit turnaround is driven almost entirely by a one-time accounting revaluation of investment property, not improved operations. Q4 results remain loss-making at both standalone and consolidated levels, and consolidated operating cash flow turned negative at Rs (875.28) lakhs, so underlying business performance remains weak despite the optics of a large FY25 profit.