Outcome of the Board Meeting with respect to approval of audited standalone and consolidated financial results for the quarter and financial year ended 31.03.2025
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Board approved audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2025 on 30 May 2025. On a standalone basis, total revenue from operations grew about 41% year-on-year to Rs. 981.20 lakhs (vs Rs. 695.60 lakhs in FY24), while net profit rose marginally to Rs. 216.53 lakhs from Rs. 212.37 lakhs. On a consolidated basis, total revenue rose about 42% to Rs. 1,814.70 lakhs, but the company swung to a consolidated net loss of Rs. 673.80 lakhs, against a profit of Rs. 133.56 lakhs in FY24, driven mainly by higher expenses and a sharp jump in other expenses to Rs. 1,669.37 lakhs. The statutory auditor, Kapish Jain & Associates, issued an unmodified (clean) opinion on both sets of results. Standalone operating cash flow turned positive at Rs. 911.62 lakhs versus an outflow last year. Note: equity shares were split from Rs.10 to Rs.2 face value in October 2024.
Mixed read for shareholders: strong top-line growth and a clean audit opinion are positives, but consolidated bottom-line turned to a loss and standalone profit growth was negligible, which may weigh on the stock in the near term. Investors should watch margin trends and the drag from subsidiaries/associates in upcoming quarters.