Financial results for year ended 31.03.2025
Awaiting price reaction for this filing.
Jyotirgamya Enterprises reported NIL revenue from operations for FY25, unchanged from FY24, indicating the company is effectively non-operational. Total expenses were just ₹1.07 lakhs (mostly depreciation of ₹0.16 lakhs and other expenses of ₹0.91 lakhs), resulting in a pre-tax loss of ₹1.07 lakhs. After a small deferred tax credit, the net loss came in at ₹1.17 lakhs, marginally better than the ₹1.33 lakhs loss in FY24. Total assets stood at ₹463.39 lakhs against equity of ₹309.49 lakhs. The company received ₹79.60 lakhs as advance against sale of property (boosting operating cash flow to ₹79.45 lakhs), but gave out a large ₹719.45 lakhs as inter-corporate loans during the year. Shareholding changed significantly, with three new entities/persons (Akarshika Traders LLP, DD Master HUF, Ayush Devang Master) each now holding 9.57%. The auditor (Amit Agarwal & Co.) issued an unmodified opinion.
The company is essentially a non-revenue shell making only small losses from holding costs, with the board appearing to monetise assets (advance against property sale) and deploy funds as inter-corporate loans rather than running operations. The gearing ratio more than doubled to 48.82%, breaching the company's own stated target band of 20-40%, which is a red flag for capital structure even though no formal debt covenants exist. Shareholders should view this as low business activity with asset-realisation mode rather than a growth story.