Audited Financial Results for the quarter and year ended on March 31, 2025
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Datiware Maritime Infra reported FY25 audited results with total income of just Rs 39 lakhs against expenses of Rs 89.31 lakhs, resulting in a net loss of Rs 45.58 lakhs (narrowed from Rs 112.04 lakhs loss in FY24) and EPS at negative Rs 0.91. The company's net worth is deeply negative at Rs 235.66 lakhs, while borrowings rose to Rs 870.63 lakhs from Rs 775.92 lakhs. Auditor Palsule and Associates issued a Qualified Opinion flagging two issues - the audit trail (edit log) feature was not enabled throughout the year in the accounting software, and Rs 40.44 lakhs in unpaid statutory dues (Custom Duty Rs 28.87L and Excise Duty Rs 11.57L) remain overdue for over six months. The statutory auditors also resigned during the year as disclosed in Annexure A.
Negative net worth, a qualified audit opinion, unresolved statutory dues, and rising debt raise significant governance and solvency concerns for shareholders, though the narrowing losses offer a small positive signal.