With reference to the above subject, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. 29.05.2025 has considered and approved the following: ....
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The Board of Directors approved the audited financial results for the quarter and full year ended 31.03.2025, along with the balance sheet, cash flow statement, and auditor's report. The company, now renamed Globe Multi Ventures Limited, reported revenue of ₹20,344.61 lakhs for FY25, up about 25% from ₹16,236.43 lakhs in FY24. Profit before tax more than doubled to ₹847.98 lakhs (from ₹418.38 lakhs), and profit after tax nearly doubled to ₹601.05 lakhs (from ₹305.42 lakhs). EPS rose to ₹10.01 from ₹5.09. However, operating cash flow turned sharply negative at ₹(845.64) lakhs compared to a small outflow last year, largely driven by a big drop in trade payables. The statutory auditor M/s SMV & Co. issued an unmodified (clean) opinion on the financial statements. A final dividend has been proposed, subject to shareholder approval at the AGM.
Strong earnings growth — both top line and bottom line roughly doubled — is a positive signal for shareholders, though the negative operating cash flow and pending income tax disputes (around ₹2.80 crores unpaid across three years) are concerns to watch. The clean audit opinion and proposed dividend add stability, but liquidity may be stretched.