Outcome of the Meeting of the Board of Directors of the Company held today on Monday, May 26, 2025
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The Board of Balurghat Technologies approved audited financial results for Q4 and FY ended March 31, 2025, along with the auditor's report. Full-year revenue rose to Rs. 8,700.58 lakhs from Rs. 7,932.94 lakhs (up about 9.7%), while net profit edged up modestly to Rs. 210.82 lakhs from Rs. 207.95 lakhs. EPS, however, dipped to Rs. 1.24 from Rs. 1.46. Auditor M/s Sambhu N. De & Co. issued an unmodified (clean) opinion. The balance sheet shows trade receivables ballooning to Rs. 2,802 lakhs (from Rs. 1,841 lakhs) and short-term borrowings more than doubling to Rs. 1,828 lakhs. The company also disclosed a large pending litigation involving an IDBI Bank corporate guarantee of Rs. 57.83 crores.
The clean auditor opinion and modest profit growth are positives, but the sharply negative operating cash flow of Rs. 846 lakhs (vs. positive Rs. 114 lakhs last year), surging receivables, rising short-term debt, and a Rs. 57.83 crore IDBI Bank guarantee exposure are red flags that may concern investors about working-capital stress and contingent liabilities.