We have attached herewith outcome of Board Meeting held on May 13, 2025 for the approval of Financial Results for the quarter and year ended on March 31, 2025. Kindly take the same ....
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Galaxy Agrico Exports Ltd's board approved its audited financial results for the quarter and year ended March 31, 2025 on May 13, 2025. Revenue from operations fell sharply to Rs. 359.04 lakhs in FY25 from Rs. 732.40 lakhs in FY24, a drop of roughly 51%. Despite the revenue decline, the company swung to a profit of Rs. 8.16 lakhs in FY25 from a loss of Rs. 55.93 lakhs in FY24, helped by lower employee and other expenses. For Q4 FY25 alone, revenue was Rs. 87.57 lakhs and PAT was Rs. 2.43 lakhs, compared to a loss of Rs. 14.51 lakhs in Q4 FY24. The auditor (HB Kalaria and Associates) issued an unmodified opinion but flagged an Emphasis of Matter noting they did not independently verify fixed assets and inventories. Cash flow from operations remained negative at Rs. 21.42 lakhs, though long-term borrowings rose to Rs. 165.25 lakhs.
The sharp revenue contraction and continuing negative operating cash flow are red flags, even though the bottom line turned positive. Shareholders should note the auditor's emphasis regarding unverified fixed assets and inventories, which could affect reported profits and asset values if adjustments are needed later.