Enclosed herewith Integrated Financials for quarter and year ended 31/03/2025
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Integrated Hitech Limited reported audited results for FY25 showing a net loss of ₹302.80 lakhs, narrower than the ₹768.60 lakhs loss in FY24. Total revenue fell sharply to ₹3.76 lakhs from ₹6.66 lakhs (a ~44% decline), driven by lower other income, while revenue from operations was nearly flat at ₹1.70 lakhs. Q4 FY25 alone posted a steep loss of ₹284.36 lakhs, with full-year EPS at ₹-3.03. The balance sheet is severely weakened: reserves are negative at ₹-1,043.18 lakhs, total equity is ₹-42.72 lakhs, and total assets have collapsed from ₹1,062.69 lakhs in FY23 to just ₹13.05 lakhs. The statutory auditor issued an unmodified opinion but added an Emphasis of Matter flagging a ₹1.49 crore loss on scrapped computer/software assets, full impairment of the Singapore subsidiary, and write-offs of untraceable trade receivables, loans, and advances exceeding ₹1.60 crores in aggregate. Operating cash flow remained negative at ₹-20.21 lakhs, and the company reported no related party transactions and no outstanding loan defaults.
This is a deeply concerning filing for shareholders. Persistent cash losses, negative reserves, eroding asset base, and large write-offs of untraceable receivables and obsolete IT assets point to a company in serious financial distress despite the auditor's clean opinion. Equity holders face meaningful risk as the book value of the share (₹-0.43 per share of ₹10 face value) is already negative, and continued operational weakness could further erode any remaining value.