Audited financial results for the quarter and year ended on March 31, 2025.
Awaiting price reaction for this filing.
Pressure Sensitive Systems (India) Limited reported audited standalone results for FY25. Total income stood at ₹1,888.89 lakhs and total expenditure at ₹1,623.45 lakhs, yielding a net profit of ₹215.65 lakhs (EPS of ₹0.15). This is a strong swing from a loss of ₹8.79 lakhs in the previous year. Total assets rose to ₹2,120.97 lakhs and net worth stood at ₹1,270.21 lakhs. The board meeting was held on May 30, 2025. The auditor (M A A K & Associates) issued a qualified opinion with five qualifications, including missing invoices and balance confirmations, absence of an audit trail in the company's accounting software, no depreciation recorded till Q2 of FY25, inventory based only on management's word, and no supporting documents for rent and office expenses. Operating cash flow was deeply negative at ₹(570.43) lakhs versus ₹(189.20) lakhs in the previous year, even though the company reported a profit on paper.
Shareholders should note the positive headline profit turnaround, but the auditor's qualifications (especially the missing audit trail and reliance on management certifications) raise serious concerns about the reliability of reported numbers. The large negative operating cash flow signals weak cash generation, which could weigh on the stock despite the profit recovery.