Outcome of the Board Meeting held on Thursday, May 22, 2025
GRAVISSHO · price
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Graviss Hospitality's board approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose modestly to Rs 5,643 lakhs (vs Rs 5,414 lakhs), while standalone profit after tax jumped sharply to Rs 1,192 lakhs (vs Rs 417 lakhs) helped by a Rs 735 lakh deferred tax credit. Consolidated revenue grew to Rs 6,115 lakhs (vs Rs 5,414 lakhs) and consolidated PAT surged to Rs 939 lakhs (vs Rs 301 lakhs), though Q4 standalone PAT was Rs 178 lakhs and consolidated Q4 swung to a Rs 23 lakh loss. The company completed 100% acquisition of Graviss Restaurants Pvt Ltd, making it a subsidiary from April 1, 2024. V. Sankar Aiyar & Co was re-appointed as internal auditor, and Martinho Ferrao & Associates was appointed as secretarial auditor for five years (FY26-FY30).
Strong bottom-line growth driven largely by deferred tax adjustments may not reflect core operating performance; consolidated Q4 loss is a watchpoint. The new restaurant subsidiary adds a new revenue stream, but the auditor's emphasis of matter on accumulated losses in three subsidiaries is a key risk for shareholders.