Audited Standalone Financial Results for Quarter and year ended 31st March, 2025
Awaiting price reaction for this filing.
Tacent Projects Limited (formerly Rahul Merchandising Limited) reported audited standalone results for FY25, with revenue from operations of ₹335.44 lakhs versus just ₹5.00 lakhs in FY24, a massive jump driven entirely by Q4 sales of ₹332.69 lakhs. Despite the revenue surge, the company slipped deeper into loss with a Profit After Tax of negative ₹3.70 lakhs (FY24: negative ₹2.77 lakhs) and EPS of negative ₹0.11. Total assets ballooned to ₹393.37 lakhs (FY24: ₹0.27 lakhs), mostly trade receivables of ₹392.46 lakhs, while trade payables also spiked to ₹384.33 lakhs, suggesting a thin-margin trading business. Other equity remains deeply negative at negative ₹376.75 lakhs. Cash flow from operations was negative ₹10.46 lakhs, funded by fresh borrowings of ₹11 lakhs.
The stock may see volatility given the sudden revenue spike against deeply negative net worth and persistent cash burn. Shareholders should note that despite a huge top-line jump, profitability remains elusive, and accumulated losses have wiped out equity, which is a red flag for long-term solvency.