Outcome of Board Meeting held on 23rd May, 2025 for approval of financial results of March, 2025
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The Board of Benchmark Computer Solutions approved audited financial results for FY25. Revenue from operations grew strongly to Rs 4,342.99 lakhs from Rs 3,461.08 lakhs in FY24, a rise of about 25.5%. Despite the top-line growth, profit after tax declined to Rs 170.05 lakhs from Rs 221.24 lakhs (~23% drop), and EPS fell to Rs 2.48 from Rs 5.73, reflecting significant margin pressure as expenses rose faster than revenue. Operating cash flow turned negative at Rs (85.64) lakhs versus a positive Rs 631.96 lakhs last year, a notable deterioration. The auditor (Valawat & Associates) issued an unmodified opinion but included an Emphasis of Matter paragraph regarding a Rs 1.03 crore receivable from M/s Vardhan SK Healthcare Pvt Ltd, against which only a Rs 1 crore security deposit exists and recovery is being pursued legally.
While revenue growth is encouraging, falling profits, shrinking EPS and negative operating cash flow raise concerns about earnings quality and cost management. The Emphasis of Matter on a sizeable doubtful receivable adds a layer of credit risk for shareholders to monitor.