SUBMISSION OF AUDITED RESULTS AND AUDIT REPORT FOR F.Y. ENDED ON 31/03/2025 AS PER LETTER ATTACHED.
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Ghushine Fintrrade Ocean Ltd, a Surat-based company dealing in knitted fabric and cut & polished diamonds, submitted its audited standalone results for FY25. Revenue from operations jumped sharply to INR 451.81 lakhs from INR 144.67 lakhs in FY24, a growth of over 200%. However, profits remained razor-thin with net profit of just INR 0.34 lakhs (FY24: INR 0.02 lakhs), translating to EPS of INR 0.0069. Total expenses ballooned to INR 474.29 lakhs, nearly matching total income and squeezing margins heavily. The auditor (APMM & Co.) issued an unmodified opinion but flagged an emphasis of matter. The company also raised INR 32.08 lakhs in long-term borrowings entirely from related parties (directors' family members), while operating cash flow turned deeply negative at INR -54.67 lakhs.
While headline revenue growth is impressive, the near-zero profit margins and negative operating cash flow raise concerns about earnings quality and sustainability. Heavy reliance on related-party funding for working capital needs is a yellow flag for retail investors.