AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31.03.2025
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Cityon Systems (India) Ltd reported audited results for FY25 with total income of Rs 7.52 lakhs, up from nil in FY24, indicating some revival in trading activity. However, total expenses jumped to Rs 18.48 lakhs (vs Rs 8.08 lakhs in FY24), largely driven by other expenses, pushing the net loss to Rs 10.96 lakhs versus Rs 7.62 lakhs in FY24. The company remains thinly capitalised on operations with no meaningful revenue base, though its balance sheet shows stable share capital of Rs 1,712.64 lakhs and reserves of Rs 231.09 lakhs. Long-term borrowings stood at Rs 1,059.04 lakhs and operating cash flow was marginally positive at Rs 4.17 lakhs. The statutory auditor issued an unmodified (clean) opinion, and no going-concern issues were flagged.
Losses have widened year-on-year despite some revenue picking up, signalling continued operational stress and a challenging path to profitability. Shareholders should note persistent losses, high borrowings relative to negligible revenue, and no near-term earnings visibility from this small-cap BSE listing (scrip code 780013).