Outcome of Board Meeting held on 26th May,2025
Price
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The board approved audited standalone and consolidated financial results for Q4 and FY25, along with an unmodified auditor's report from Bipin B. Shah & Co. Income from operations jumped sharply to ₹35,429 lakhs in FY25 from ₹21,710 lakhs in FY24, a growth of about 63%. However, profit before tax rose only marginally to ₹156.85 lakhs from ₹152.70 lakhs, and net profit stood at around ₹158 lakhs versus ₹115.58 lakhs earlier, reflecting very thin margins. Basic EPS edged up to ₹1.48 from ₹1.40. During the year, the company converted 4,12,802 convertible warrants into equity shares, increasing the paid-up share capital from ₹789.22 lakhs to ₹830.50 lakhs. Total equity rose to ₹1,611.90 lakhs while borrowings declined to ₹1,518.66 lakhs. Cash flow from operations remained negative at ₹(58.84) lakhs, similar to the previous year.
Strong top-line growth is a positive signal, but the company converts barely a fraction of its revenue into actual profit, and continues to burn cash from operations. Shareholders should note the warrant-driven equity dilution and the persistent negative operating cash flow despite higher revenue.