Newspaper Publication of Audited Financial Results for quarter and year ended 31.03.2025
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Awaiting price reaction for this filing.
Iconik Sports and Events Ltd (formerly ID Info Business Services Ltd, Scrip Code: 511260) has submitted copies of newspaper publications of its audited financial results for Q4 and full year ended 31 March 2025, as required under SEBI LODR Regulation 47. The results were published in Business Standard (English) and Aapla Mahanagar (Marathi) on 30 May 2025, with a QR code provided so investors can access the full results. The Board of Directors approved the results on 29 May 2025. The detailed results show total income from operations fell sharply to about ₹13.32 lakh in Q4 FY25 from ₹2,066.08 lakh in Q4 FY24, and the company slipped to a net loss after tax of ₹40.11 lakh in Q4 FY25 compared with a profit of ₹344.24 lakh in Q4 FY24. For the full year FY25, net loss after tax stood at ₹40.16 lakh versus a profit of ₹288.54 lakh in FY24, with EPS at negative ₹0.82.
While this is a routine compliance filing on newspaper publication of audited results, the underlying numbers show a steep year-on-year decline in revenue and a swing from profit to loss, which is likely to weigh negatively on the stock and investor sentiment.