Audited Financial Results for the Quarter and Year ended on 31st March, 2025
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Eureka Industries reported FY25 revenue from operations of Rs. 65.32 crore, down sharply from Rs. 102.82 crore in FY24 (a decline of around 36%). Despite the revenue fall, the company swung to a net profit of Rs. 2.14 crore for FY25, compared with a net loss of Rs. 4.56 crore in FY24, helped by lower operating expenses and reduced finance costs. Q4 FY25 also turned profitable at Rs. 0.47 crore versus a loss of Rs. 0.07 crore in Q4 FY24. The auditor (VSSB & Associates) issued an unmodified (clean) opinion on the standalone results. The company highlighted it has substantial brought forward business losses and unabsorbed depreciation, so no current tax provision has been made. A rights issue of 4.9 crore shares (28:5 ratio) was issued during the year, and related-party transactions include a large loan of Rs. 1.59 crore given to the Managing Director/CFO.
The return to profitability is a positive signal, but the steep revenue drop, deeply negative net worth (other equity of Rs. -20.72 crore), and rising trade payables suggest underlying business weakness. Shareholders should watch whether the turnover recovers and whether the large related-party loan to the MD gets recovered, as these remain key risks.