Audited Results for the quarter and year ended 31.03.2025
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The board approved audited financial results for Q4 and FY25. Revenue jumped sharply to ₹1,271.19 lakhs in FY25 from just ₹2.70 lakhs in FY24, reflecting a major business shift (the company recently rebranded from ID Info Business Services). Profit after tax swung from a loss of ₹6.44 lakhs in FY24 to a profit of ₹260.22 lakhs in FY25. Q4 standalone PAT stood at ₹317.38 lakhs versus a ₹1.45 lakh loss a year ago. The statutory auditor (DGMS & Co.) issued an unmodified opinion, though it included an emphasis-of-matter note referencing management's assessment of operational impact. The board also appointed one non-executive director and two independent directors, while three directors (including two independents) resigned, and new internal and secretarial auditors were appointed.
The dramatic revenue and profit turnaround suggests a fresh business direction, but the base was tiny, so sustainability remains to be seen. The extensive board reshuffle and absence of any qualified opinion are neutral to mildly positive for shareholders.