With reference to the above cited subject, we would like to inform that the Board of Directors of the Company in their meeting held on 29.05.2025, have inter-alia approved the following ....
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Awaiting price reaction for this filing.
Colorchips New Media Limited's Board approved its audited FY25 results on 29 May 2025. Revenue from operations nearly doubled to ₹67.59 lakhs in FY25 from ₹35.41 lakhs in FY24 (around 91% growth). However, the company reported a massive net loss of ₹10.02 crores for FY25, compared to a loss of ₹76.62 lakhs in the previous year, primarily due to a ₹8.85 crore one-time provision for loss in market value of investments booked as an extraordinary item. Operating loss before this also widened to ₹1.17 crores from ₹81.92 lakhs. Reserves and surplus sharply fell from ₹12.56 crores to ₹2.54 crores, and operating cash flow remained negative at ₹9.44 lakhs (outflow). Statutory auditor Pavan & Associates issued an unmodified opinion on the results.
Sharp negative — a ₹10+ crore loss driven by the investment write-down has severely eroded shareholder reserves, and weak operating performance plus negative operating cash flow raise concerns about financial health despite top-line growth. The stock is likely to react negatively.