Future Market Networks Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
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Future Market Networks Limited reported audited FY25 results showing a standalone net profit of Rs. 6,749.85 lakhs, swinging from a loss of Rs. 580.05 lakhs in FY24, mainly driven by exceptional gains from the takeover of R-Mall (Mumbai) and 10 Acre Mall (Ahmedabad) by lenders, totaling about Rs. 8,111 lakhs. However, Q4 standalone results swung to a net loss of Rs. 2,844.42 lakhs, hit by a Rs. 1,900 lakh write-off of capital advances and a sharp spike in other expenses to Rs. 1,145.67 lakhs. Revenue from operations grew modestly by about 10% YoY to Rs. 9,103.55 lakhs. Operating cash flow turned sharply negative at an outflow of Rs. 4,087.30 lakhs (vs. inflow of Rs. 96.92 lakhs in FY24). The auditor issued an unmodified opinion but flagged emphasis of matter on the Q4 net loss, multiple demand notices (Hero FinCorp Rs. 12,057 lakhs, Yes Bank Rs. 18,449 lakhs) tied to guarantees given for related parties, and an arbitration award. The company maintains a positive networth of Rs. 11,421 lakhs (standalone) and Rs. 10,020 lakhs (consolidated).
Shareholders should note that the headline FY25 profit is largely a one-time accounting gain from properties being taken over by lenders, not from core operations which remain weak as reflected in the Q4 loss and negative operating cash flow. The significant contingent liabilities from guarantees given for related party loans create ongoing legal and financial risk, though the auditor's unmodified opinion and positive networth provide some comfort.