Revised Unaudited Financial Result for Q E 30.09.2024 for your record.
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Computer Point Limited filed its unaudited Q2 FY24 (quarter ended 30 Sept 2023) results, showing total income of Rs 42.13 lakh (vs Rs 37.60 lakh in Q2 FY23) and H1 FY24 income of Rs 80.58 lakh (vs Rs 75.70 lakh). Almost the entire revenue is 'other income' (likely interest), with operating revenue from IT services at just Rs 0.25 lakh. Net profit was Rs 0.53 lakh for the quarter and Rs 0.68 lakh for H1 FY24, up sharply from Rs 0.10 lakh and Rs 0.30 lakh respectively, though EPS remains effectively at zero. The auditor (Acharyya Swapan & Co) issued a clean, unqualified limited review report. Operating cash flow stayed deeply negative at Rs (127.44) lakh for H1 FY24, and cash on the balance sheet collapsed from Rs 211.95 lakh to just Rs 3.93 lakh.
The company is essentially a non-operating shell living off interest income on a Rs 20.9 crore loan book, with negligible core IT business. Deeply negative operating cash flows, vanishing cash balances, and lack of genuine operating revenue raise going-concern-style concerns, even though the auditor flagged nothing — meaningful upside from these results is unlikely.