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Awaiting price reaction for this filing.
Gconnect Logitech reported audited FY25 total income of Rs. 470.35 lacs, more than doubling from Rs. 201.47 lacs in FY24 (about 133% growth), driven by logistics and supply chain services. Profit after tax rose modestly to Rs. 27.89 lacs from Rs. 23.58 lacs (around 18% growth), with basic EPS of Rs. 1.19 vs Rs. 8.93 earlier. The statutory auditor NGST & Associates issued an unmodified opinion. Operating cash flow remained deeply negative at Rs. (206.82) lacs, similar to the prior year's Rs. (220.67) lacs, indicating the business is still not generating cash from its core activities. Total assets expanded sharply to Rs. 1,020.40 lacs from Rs. 412.95 lacs, funded mainly by fresh equity of Rs. 499.29 lacs raised via a public issue.
Strong topline growth is a positive, but flat PAT growth, negative operating cash flows for two consecutive years, and sharply higher depreciation point to margin pressure and a cash-burning model. The recent equity infusion strengthens the balance sheet, but shareholders should track whether the company can turn operating cash flow positive and improve profitability going forward.