Integrated Filing (Financials) for the year ended 31st March, 2025
Awaiting price reaction for this filing.
Avishkar Infra Realty filed its audited FY25 results. Standalone total income rose to Rs. 362.07 lacs from Rs. 119.16 lacs in FY24, aided by Rs. 240 lacs of revenue from operations (nil in FY24). Standalone net profit swung from a loss of Rs. 101.51 lacs to a profit of Rs. 435.77 lacs, with EPS of Rs. 1.95 vs Rs. (4.22) earlier. Consolidated net profit came in at Rs. 417.97 lacs with total assets of Rs. 5,894.76 lacs. The company raised Rs. 2,000 lacs through a fresh share issue, taking equity capital from Rs. 240.33 to Rs. 2,240.33 lacs. Despite the profit turnaround, operating cash flow was deeply negative at Rs. (1,500.44) lacs, and reserves & surplus remained negative at Rs. (797.26) lacs (standalone). Exceptional items of Rs. (97.55) lacs impacted the bottom line.
The headline swing to profit is positive, but it's propped up by a large capital infusion (significant share dilution) and negative operating cash flow, while reserves are still in the red. Existing shareholders should watch how the new funds are deployed before treating this as a sustained turnaround.