We would like to inform that the Board of Directors of DML on the Board Meeting held on May 30 approved the audited financial results for the half year and year ended on March 31, 2025
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Awaiting price reaction for this filing.
Diggi Multitrade reported its first-ever revenue from operations of Rs. 205.99 lakhs for FY25, compared to nil in FY24, mainly from stock-in-trade purchases. Despite the new revenue, the company posted a net loss of Rs. 11.87 lakhs (improved from Rs. 27.40 lakhs loss last year), after a Rs. 4 lakh exceptional charge for bad debts written off. Total expenses ballooned to Rs. 214.21 lakhs from Rs. 29.49 lakhs as the trading business scaled up. On the balance sheet, trade receivables jumped 51% to Rs. 373.74 lakhs and short-term loans and advances remained unusually high at Rs. 700.44 lakhs, while the company took on Rs. 74.68 lakhs in long-term borrowings. Operating cash flow was deeply negative at Rs. (72.65) lakhs versus Rs. (1.37) lakhs last year. The auditor (S K Jha & Co.) issued an unmodified opinion but flagged Rs. 84,250 in TDS unpaid for over 6 months.
The stock is likely to stay thinly traded and sentiment may remain weak — the company is still loss-making, burning cash from operations, and carrying very high receivables and loans/advances relative to its small revenue base, which raises red flags on business quality despite the headline revenue starting.