Rectification in cashflow statement for thhe year ended March 2025
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Indian Infotech & Software Ltd, a Mumbai-based NBFC, has refiled its audited financial results for FY2025 after discovering a clerical error in the cash flow statement. The 'Net Cash Flow generated from Investing Activities' was originally reported as Rs. 1,383.68 lakhs but the corrected figure is Rs. 1,387.53 lakhs, a minor Rs. 3.85 lakh correction. The rest of the results remain unchanged. The auditor (ADV & Associates) has issued an unmodified (clean) opinion on the standalone results. Key financials for FY25: total revenue from operations rose to Rs. 4,609.85 lakhs from Rs. 3,405 lakhs in FY24 (~35% growth), but the company swung to a net loss of Rs. 921.37 lakhs versus a profit of Rs. 905.62 lakhs in the prior year. Total assets stood at Rs. 26,644.29 lakhs as on 31 March 2025.
The cash flow correction itself is immaterial and unlikely to move the stock. However, the underlying FY25 results show a sharp swing from profit to loss despite revenue growth, which is the more material data point for shareholders. No going concern or qualification issues were flagged by the auditor.