Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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City Crops Agro Limited's board approved audited financial results for FY25 and the second half ending March 31, 2025. Full-year revenue from operations grew about 24% to ₹5,591.71 lakhs from ₹4,520.04 lakhs in the previous year, while H2 revenue rose roughly 25% to ₹3,405.78 lakhs. Profit after tax for the full year edged up to ₹247.69 lakhs (from ₹227.98 lakhs, about 8.6% growth), but EPS actually slipped to ₹1.52 from ₹1.73. The auditor (VSSB & Associates) issued an unmodified opinion but flagged two emphasis-of-matter items: a ₹44 lakh charge from Union Bank of India dating back to 2013 that has no supporting documentation or liability recorded in the books, and unpaid income tax dues of around ₹51.7 lakhs for FY23 and FY24 with no provision for interest. Cash on hand is razor-thin at ₹6.38 lakhs, and the company booked negative net operating cash flow for the year.
Strong topline growth is positive, but shrinking EPS, a near-flat bottom line despite higher revenue, and the auditor's emphasis-of-matter flags around unrecorded bank charges and unpaid taxes are concerning. Shareholders should watch cash flow health and whether the company addresses these disclosures.