Approval of Audited Financial statements for the quarter and year ended 31st March 2025
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Gita Renewable Energy's board approved audited standalone results for FY25 with an unmodified auditor opinion from M/s. SK. Gulecha & Associates. Total income from operations fell sharply to Rs 1.70 lakh from Rs 87.64 lakh in FY24, a drop of roughly 80%, mainly due to lower other operating income. The company swung from a net profit of Rs 26.35 lakh in FY24 to a net loss of Rs 39.27 lakh in FY25, with EPS turning negative at Rs (0.95) vs Rs 0.64. Total expenses rose modestly to Rs 56.65 lakh from Rs 51.78 lakh. The company has no borrowings, cash balances improved to Rs 13.15 lakh, and operating cash flow remained negative at Rs (1.19) lakh though less negative than the prior year.
Shareholders should note the steep revenue decline and the swing into a net loss, which signals operational weakness. However, the company remains debt-free with positive reserves and an unqualified audit opinion, which limits immediate solvency concerns.