Outcome of Board Meeting to be held on today i.e. 29.05.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Consecutive Investments & Trading Company, at its meeting on May 29, 2025, approved audited financial results for the quarter and year ended March 31, 2025. Revenue from operations jumped sharply to Rs. 2,260.09 lakhs for the full year FY25, up from nil in FY24. Net profit for FY25 stood at Rs. 223.13 lakhs (vs Rs. 16.79 lakhs in FY24), with EPS of Rs. 0.14. Q4 FY25 PAT was Rs. 55.44 lakhs versus Rs. 8.67 lakhs a year earlier. The auditor (S K Bhavsar & Co.) issued an unmodified opinion but flagged an Emphasis of Matter regarding unverifiable balances in trade receivables, inventories, and trade payables, with physical inventory not verified by the auditor. The company also confirmed it does not qualify as a 'Large Corporate' under SEBI's debt circular, with borrowings of only Rs. 0.06 crore.
Strong topline and bottomline growth year-on-year, but the auditor's emphasis of matter on unreconciled receivables, inventories, and payables raises red flags about earnings quality. Operating cash flow turned negative despite reported profits, suggesting working capital pressures that investors should watch closely.