Audited Financial Statements for the quarter and year ended on March 31,2025
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The board approved audited results for FY25 along with a final dividend of Rs 0.05 per share (0.5%) for FY24, subject to shareholder approval. Full-year revenue from operations rose strongly to Rs 276.09 lakhs from Rs 176.62 lakhs last year, a growth of about 56%. However, total expenses ballooned to Rs 278.21 lakhs (vs Rs 27.39 lakhs last year), mainly due to a Rs 484.73 lakh purchase of stock-in-trade, which wiped out most of the revenue gain. Net profit for the year collapsed to Rs 7.32 lakhs from Rs 121.80 lakhs, a decline of around 94%, and Q4FY25 alone slipped into a small loss of Rs 0.35 lakhs versus a Rs 120.20 lakh profit in Q4FY24. The auditor (A.L. Thakkar & Co.) issued an unqualified, unmodified opinion on the results.
Shareholders should note the sharp fall in profits despite higher revenue, driven by a sudden jump in purchases and weak Q4 performance, though the dividend is a small positive signal. The stock is very small and illiquid, with a paper-thin other equity of just Rs 14.93 lakhs and trade receivables of Rs 2,501 lakhs dominating the balance sheet, making it high-risk for retail investors.