We are hereby submitting the Outcome of the Board meeting held on 16.05.2025
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Crystal Business System Limited (formerly Sadhna Broadcast Limited) announced audited financial results for Q4 and full year ended 31 March 2025, approved at a board meeting held on 16 May 2025. For the full year FY25, total income rose to Rs 1,760.94 lakhs from Rs 1,712.31 lakhs in FY24, while net profit increased to Rs 90.55 lakhs (EPS Rs 0.09) from Rs 71.61 lakhs (EPS Rs 0.08). However, Q4 FY25 standalone showed a net loss of Rs 126.56 lakhs against a profit of Rs 138.51 lakhs in Q4 FY24. Total assets stood at Rs 2,458.55 lakhs with net worth of Rs 1,523.90 lakhs. The auditor, BAS & Co LLP, issued a Qualified Opinion citing non-compliance with the EPF Act, ESI Act, and Payment of Gratuity Act, with the financial impact not yet quantified.
Full-year profitability improved, but the sharp swing to a Q4 loss and a qualified audit opinion over employee benefit non-compliance are red flags that may concern shareholders and weigh on sentiment in the near term.