Revised Audited financial result for the Y E 31.03.2020
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Computer Point Limited reported revised audited standalone results for FY 2019-20, approved at the board meeting on 28 August 2020. Total revenue dropped sharply to Rs 156.24 lakhs from Rs 384.22 lakhs in the previous year, a decline of about 59%. Full-year profit after tax stood at Rs 0.98 lakhs (down from Rs 1.94 lakhs), with a Q4 loss of Rs 0.63 lakhs. The auditor (Acharyya Swapan & Co.) issued an unmodified (clean) opinion with no qualifications. Operating cash flow remained negative at Rs (172.00) lakhs, though improving from Rs (216.61) lakhs in the prior year, and cash balances fell to Rs 8.57 lakhs from Rs 27.00 lakhs.
The sharp revenue decline and continued negative operating cash flow raise concerns about the company's core business health, though large reserves of over Rs 3,000 lakhs provide a cushion. For shareholders, the near-zero profitability and shrinking top line signal weak operational momentum, but the clean audit opinion and minimal debt limit immediate risk.