Enclosed herewith the Outcome of Board Meeting held on 30th May 2025 to approve the Audited Financial Results and Auditor Report as on 31st March,2025.
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Autoriders International's board approved audited results for FY25. Revenue rose modestly to Rs 8,707.27 lacs from Rs 8,340.81 lacs (~4.4% growth). However, net profit fell to Rs 838.70 lacs from Rs 944.17 lacs (~11% decline) and EPS dropped to Rs 140.03 from Rs 191.43. Q4 saw strong recovery with net profit of Rs 321.23 lacs vs Rs 26.65 lacs last year. The company allotted 90,000 preferential equity shares at a premium of Rs 989 per share during Q3, raising about Rs 8.99 crore, used for loan repayment, business expansion, and general corporate purposes. Auditor gave an unmodified opinion but flagged two emphasis of matter items: a Rs 300 lac loan to a group company that has ceased to be a going concern with no provision made, and old income tax balances pending confirmation.
Mixed signals for shareholders — topline grew but bottomline shrank on a yearly basis, with EPS falling nearly 27%. The auditor's emphasis on a doubtful group-company loan of Rs 300 lacs and the modified treatment without provisioning is a red flag worth monitoring, though the company has declared an unmodified opinion overall.