Heads UP Ventures Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2025.
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Heads UP Ventures Limited (formerly The Mandhana Retail Ventures Limited) submitted its audited financial results for FY25 (year ended March 31, 2025). Revenue from operations surged to Rs. 141.96 lakhs from Rs. 62.80 lakhs in FY24 — more than doubling year-on-year. Total income stood at Rs. 225.78 lakhs (vs Rs. 78.96 lakhs). The company turned profitable with a net profit of Rs. 139.38 lakhs, compared to a loss of Rs. 431.79 lakhs in FY24. Basic EPS improved to Rs. 0.63 from negative Rs. 1.96. The Board has not recommended any dividend. The statutory auditor, J. Singh & Associates, issued an unmodified (clean) audit opinion on the results.
This is a clear turnaround story — the company swung from a deep loss to a profit and saw revenue more than double, which is a positive signal for shareholders. However, other equity remains negative at Rs. -674.80 lakhs, indicating accumulated past losses, so investors should watch whether this profit momentum is sustainable.