Integrated Filing (Financial) for the period ended 31.03.2025.
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CG Vak Software & Exports, a Coimbatore-based IT services company, submitted its audited standalone and consolidated results for FY25 along with related party transactions and other SEBI-mandated disclosures. Consolidated revenue from operations came in at Rs. 7,703.92 lakhs versus Rs. 7,857.52 lakhs in FY24, a mild decline of about 2%, while consolidated profit after tax rose marginally to Rs. 926.96 lakhs from Rs. 922.93 lakhs. Standalone revenue was nearly flat at Rs. 5,400.73 lakhs (vs Rs. 5,401.68 lakhs), with standalone PAT at Rs. 891.74 lakhs. Q4 standalone showed stronger trends with revenue up about 9% and PAT up about 44% year-on-year. The Board recommended a dividend of Rs. 1.00 per share (10%). Operating cash flow improved sharply to Rs. 1,302.53 lakhs on a consolidated basis, but the company invested heavily in property, plant and equipment (Rs. 924.94 lakhs vs Rs. 86.37 lakhs last year), leading to a net cash decline of Rs. 539.57 lakhs. The statutory auditor SPP & Co issued an unmodified opinion on both standalone and consolidated results, the company has no borrowings, and is not classified as a Large Corporate.
Shareholders see steady but unspectacular FY25 earnings with flat revenues, marginal PAT growth, and a small 10% dividend. The sharp rise in capex and drawdown of cash reserves is worth watching, though the debt-free balance sheet and clean audit provide comfort. The stock is unlikely to see a major re-rating from these numbers alone.