Results for half year and year ended 31.03.2025
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Dev Labtech Venture Limited (BSE SME) held a board meeting on 20 May 2025 and approved its audited standalone and consolidated financial results for the half year and full year ended 31 March 2025. The statutory auditor, M/s H A R & Co., Chartered Accountants, issued an unmodified (clean) opinion on both sets of results, with no qualifications, adverse remarks, or emphasis of matter noted. The company's balance sheet showed total assets and liabilities expanding to ₹4,377.69 lakh as on 31 March 2025, up from ₹2,866.89 lakh a year earlier, a growth of roughly 53%. Reserves and surplus more than doubled to ₹2,899.81 lakh from ₹1,193.80 lakh, while share capital rose to ₹1,130.31 lakh from ₹827.11 lakh, indicating fresh equity infusion during the year. Inventories grew to ₹3,226.99 lakh (from ₹1,978.29 lakh) and trade receivables jumped to ₹480.44 lakh (from ₹191.28 lakh). The company carried very low debt with long-term borrowings of just ₹101.93 lakh and zero short-term borrowings. The board also approved the internal audit report, secretarial audit report, and actuarial valuation for gratuity.
A clean audit opinion and sharply higher reserves signal financial strengthening and shareholder value accretion for the year. Strong balance sheet expansion and negligible debt are positives, though the notable rise in trade receivables and drop in cash balance warrant closer scrutiny of working capital and collection efficiency in subsequent quarters.