In terms of Regulation 30 read with Regulation 33 of the SEBI (LODR), Regulations, 2015, this is to inform you that the Board of Directors of the Company its meeting held on 29.05.2025 ....
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Dhanlaxmi Cotex reported audited results for FY25 with total income of ₹2,066.08 lakhs (down from ₹2,871.82 lakhs in FY24), but net profit nearly doubled to ₹579.47 lakhs (vs ₹288.54 lakhs), translating to EPS of ₹11.90 vs ₹5.92. Revenue from operations fell sharply to ₹1,421.40 lakhs from ₹2,641.07 lakhs, a drop of about 46%. However, Q4 FY25 was weak, posting a net loss of ₹209.36 lakhs against a loss of ₹40.16 lakhs in Q4 FY24, with revenue from operations crashing to ₹87.19 lakhs. The statutory auditor has issued a qualified opinion, noting that the company qualifies as an Investment NBFC (financial assets over 50% of total assets and income) but lacks an RBI Certificate of Registration — a qualification repetitive for 6 years. The board also re-appointed PRSB & Associates as internal auditor for FY26 and noted the annual secretarial compliance report.
Shareholders should note the significant auditor qualification around RBI NBFC registration, which could attract penalties and has persisted for years. While full-year PAT looks strong, it is propped up by other income (₹644.69 lakhs), while core revenue and Q4 performance deteriorated sharply, raising concerns about earnings quality.