Revised Audited Financial Results of the Company for the quarter and year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IIRM Holdings India Ltd has refiled its audited financial results for Q4 and FY25 after correcting a presentation error — Q2 FY25 (Sept 2024) consolidated figures were mistakenly placed under the Q3 FY25 (Dec 2024) column in the earlier submission. On a consolidated basis, FY25 revenue from operations grew about 23.4% year-on-year to Rs. 21,945.02 lakhs (from Rs. 17,782.64 lakhs in FY24). Net profit after tax, however, slipped marginally to Rs. 2,163.06 lakhs from Rs. 2,263.55 lakhs, dragged by a prior-period expense of Rs. 110.94 lakhs and a higher tax outgo of Rs. 892.33 lakhs. EPS fell sharply to Rs. 3.17 from Rs. 12.91, largely due to significant equity expansion through share allotments and a buyback earlier. The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated results. The board has also approved a scheme of amalgamation of its wholly-owned subsidiary Sampada Business Solutions Ltd with the company, pending approvals.
The revision is purely a presentation fix, not a financial restatement, so it should not affect investor confidence. Strong revenue growth is positive, but flat-to-lower profit and a sharp EPS dilution are negatives. The pending amalgamation with Sampada Business Solutions, if approved in FY26, could simplify the group structure and be a near-term catalyst.