The Board of Directors of the Company has in its Meeting held today i.e. on Friday, May 30, 2025 inter alia considered and approved the following: 1. Audited Standalone and Consolidated ....
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Reported FY25 total income stood at Rs. 839.99 lakhs, a sharp drop from Rs. 15,945.15 lakhs in FY24, with net profit of Rs. 160.47 lakhs (EPS Rs. 2.60) vs Rs. 322.66 lakhs (EPS Rs. 5.23) last year. The joint statutory auditors issued a Qualified Opinion for the first time, flagging non-provision for doubtful loans and advances of Rs. 1,319 lakhs — if the company had to make this provision, net profit would swing to a loss of Rs. 1,158.54 lakhs and EPS would turn negative at Rs. (18.79). Operating cash flow was also negative at Rs. (155.94) lakhs standalone. The board also appointed a new Secretarial Auditor (for 5 years), Cost Auditor and Internal Auditor for FY 2025-26.
Negative signal for shareholders — the qualified audit opinion directly questions the recoverability of Rs. 13.19 crore in loans, and adjusted numbers flip the company into a substantial loss. Combined with collapsing revenue (~95% YoY drop) and negative operating cash flow, this raises concerns about business continuity and asset quality, likely weighing on the stock.