Please find attached, outcome for Board Meeting.
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The board approved audited standalone financial results for FY25 along with an unmodified audit opinion from statutory auditors M/s. Ishwarlal & Co. Revenue from operations rose sharply to Rs 84.24 lakhs from Rs 27.36 lakhs in FY24, a jump of over 200%. The company swung from a loss of Rs 271.85 lakhs to a profit of Rs 254.76 lakhs, but almost the entire profit came from a one-time reversal of a prior-year land impairment of Rs 240.02 lakhs booked as an exceptional item. Profit before exceptional items was a modest Rs 19.92 lakhs. The balance sheet improved materially with borrowings wiped out to nil, other equity turning positive at Rs 203.47 lakhs (from negative Rs 51.48 lakhs), and cash and bank balances rising to Rs 24.67 lakhs. The auditor's report includes an Emphasis of Matter paragraph specifically drawing attention to this impairment reversal.
The headline profit turnaround looks impressive, but shareholders should note that core operating earnings remain small and operating cash flow is still negative at Rs (1.70) lakhs. The reported profit is largely a non-cash accounting reversal, so it does not represent sustainable cash earnings. Positive takeaways are the strong revenue growth, debt-free balance sheet, and improved equity base.