Outcome of Board Meeting held on May 29, 2025 for Approval of Audited Financial Results for the Half and Financial Year Ended March 31, 2025
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The Board of Chothani Foods approved its audited financial results for FY25 on May 29, 2025. Revenue from operations was nearly flat at ₹800.20 lakhs versus ₹800.36 lakhs in FY24. Profit after tax edged up marginally to ₹13.61 lakhs (₹13.51 lakhs in FY24), while profit before tax actually fell to ₹18.44 lakhs from ₹21.33 lakhs. EPS dropped to ₹0.13 from ₹0.23. The statutory auditor (M/s. Gupta Rustagi & Co.) issued an unmodified opinion but flagged two Emphasis of Matter items: weak process for identifying MSME suppliers under the MSMED Act, 2006, and lack of confirmations/reconciliation from several debtors with unascertained potential loss. Operating cash flow remained deeply negative at ₹(306.98) lakhs, though an improvement from ₹(454.61) lakhs in FY24, while cash balance fell sharply to ₹31.43 lakhs from ₹296.63 lakhs.
Flat revenue with shrinking pre-tax profits, falling EPS, and continued negative operating cash flow signal weak core performance. The auditor's emphasis of matter on MSME compliance and unreconciled debtor balances raises governance and asset-quality concerns that shareholders should monitor, even though the overall opinion remains unmodified.