Please find attached, outcome for Board Meeting.
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The board approved audited standalone results for Q4 and FY ended 31 March 2025, with the statutory auditors issuing an unmodified (clean) opinion. Revenue from operations jumped sharply to Rs 84.24 lakhs in FY25 from Rs 27.36 lakhs in FY24, more than tripling year-on-year. The company reported a profit after tax of Rs 254.76 lakhs for FY25 against a loss of Rs 271.85 lakhs in FY24. However, almost the entire profit came from an exceptional item of Rs 240.02 lakhs — a reversal of an impairment loss on land that had been booked in FY24. Without this one-time gain, pre-tax profit from core operations was only Rs 19.92 lakhs. The auditor flagged this impairment reversal as an Emphasis of Matter in its report.
Reported swing to profitability is largely accounting-driven due to the reversal of a prior-year land impairment, not from strong underlying business performance, which remains small in scale. Revenue growth is encouraging but off a very low base, and shareholders should treat the headline PAT with caution.