Revised Audited Financial result for Quarter and year ended March 31, 2021 for kind perusal.
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Computer Point Limited filed revised audited financial results for Q4 and full year ended March 31, 2021. Total revenue for FY21 fell to Rs 130.29 lakhs from Rs 156.24 lakhs in FY20, while net profit declined to Rs 0.46 lakhs (from Rs 0.98 lakhs). The standalone Q4 FY21 saw a net loss of Rs 2.73 lakhs with revenue of just Rs 9.14 lakhs, compared to Rs 41.99 lakhs in Q4 FY20. Cash flow from operations turned sharply negative at Rs (132.99) lakhs versus a positive Rs 59.46 lakhs in the prior year. The auditor (Acharyya Swapan & Co) issued an unmodified opinion but noted that comparative figures were audited by erstwhile auditors, indicating a change of auditor.
Weak fundamentals are evident — falling revenues, a quarterly loss, and a dramatic swing to negative operating cash flow raise concerns about the company's core business health. The combination of a revision filing and auditor change adds uncertainty for shareholders.