Outcome of the Board Meeting held to consider audited financial statements for the half year and year ended 31st March, 2025
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The Board of B-Right Realestate approved audited standalone and consolidated financial results for the half year and full year ended March 31, 2025. Statutory auditor JMMK & Co. issued an unqualified (clean) opinion on both sets of results. On a consolidated basis, revenue from operations jumped sharply to Rs. 10,343 lakhs from Rs. 4,090 lakhs in FY24, while profit after tax actually fell to Rs. 169 lakhs from Rs. 243 lakhs. On a standalone basis, revenue rose modestly to Rs. 628 lakhs, but profit after tax dropped steeply to Rs. 39 lakhs from Rs. 241 lakhs. The company charged extraordinary items of Rs. 264.57 lakhs, and reported a negative operating cash flow of Rs. 2,084 lakhs (improved from Rs. 4,362 lakhs outflow last year).
Strong top-line growth on consolidated books is a positive, but the steep fall in profits and earnings per share (Rs. 0.57 vs Rs. 2.33 standalone) shows significant margin compression. Persistent negative operating cash flow and the sharp standalone profit decline are red flags for shareholders, though the clean audit opinion provides some comfort.