Outcome of Board Meeting_29.05.2025_Audited Financial Results_31.03.2025
GNRL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for Q4 and FY25, with auditors (GMCA & Co.) issuing an unmodified (clean) opinion. On a standalone basis, revenue from operations fell sharply to Rs. 70.40 lakh (vs Rs. 224.44 lakh last year), but a Rs. 244.28 lakh boost from other income pulled the company back to a Rs. 18.36 lakh profit versus a Rs. 513.86 lakh loss in FY24. Consolidated revenue also declined to Rs. 2,004.98 lakh from Rs. 2,739.68 lakh, with a consolidated net loss of Rs. 376.03 lakh (slightly narrower than Rs. 388.04 lakh prior year loss). One of the proposed allottees, Shanti Fuelpetro Chemtech Pvt Ltd, backed out of the preferential warrant issue (1 crore warrants), trimming total issue size from Rs. 75.95 crore to Rs. 54.25 crore and dropping the entire Rs. 20 crore Solar/Wind/Hybrid project allocation. Both standalone and consolidated operating cash flows remained deeply negative.
The standalone profit turnaround looks superficial—it relies on one-off other income while core operating revenue shrank ~69% YoY and operating cash burn worsened. The withdrawal of a key warrant subscriber and abandonment of the renewable energy project raise concerns about growth plans and funding visibility, which may weigh on the stock.