FINANCIAL RESULTS FOR THE PERIOD ENDED MARCH 31, 2025
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd (formerly Indra Industries Ltd) declared audited results for FY25 with total income of Rs. 86.21 lacs versus Rs. 111.00 lacs in FY24, a decline of about 22%. Despite the revenue dip, the company swung to a net profit of Rs. 182.14 lacs for FY25, sharply higher than Rs. 17.39 lacs in FY24, largely driven by a sharp drop in total expenses (Rs. 28.07 lacs vs Rs. 170.74 lacs). The board also approved a new corporate office in Mumbai and appointed Vishakha Agrawal & Associates as secretarial auditor for FY25. Reserves and surplus remain deeply negative at Rs. (1,111.90) lacs, and borrowings rose to Rs. 535.47 lacs from Rs. 296.20 lacs.
The PAT jump looks dramatic but comes on a small base with declining top-line, and the auditor flagged an Emphasis of Matter on pending confirmations of loans, debtors and creditors. Negative reserves and continued negative operating cash flow (Rs. -236.10 lacs in FY25) mean shareholders should view the earnings rebound with caution despite the unmodified audit opinion.