Submission of Annual Report for financial year 2024-25
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Finelistings Technologies Limited has submitted its Annual Report for FY 2024-25 along with the notice of its 7th AGM, scheduled for 23rd August 2025 via video conferencing. Revenue from operations grew to Rs. 1,915.37 Lakhs from Rs. 1,359.40 Lakhs in the previous year, a rise of about 41%. However, total expenses jumped sharply to Rs. 2,282.83 Lakhs from Rs. 1,125.58 Lakhs, leading to a net loss after tax of Rs. 376.98 Lakhs versus a profit of Rs. 173.67 Lakhs last year. Earnings per share turned negative at Rs. (10.37) compared to Rs. 6.85 earlier. The company has not recommended any dividend. The company recently completed its IPO in May 2024, allotting 11 lakh equity shares at Rs. 123 each, and the issue was oversubscribed 45.65 times.
Shareholders will see that despite revenue growth, the company swung from profit to loss due to a sharp rise in expenses, signalling cost pressures. The negative EPS and skipped dividend may weigh on sentiment, though the recent listing and oversubscribed IPO provide liquidity and capital for future growth.