PFA the financial results of the company for the quarter and year ended 31-03-2025
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IST Limited filed its audited financial results for Q4 FY25 and the full year ended 31 March 2025 on both standalone and consolidated basis, with auditor VSVG & Co. issuing an unmodified (clean) opinion. On a consolidated basis, total assets grew to ₹1,56,087.87 lakhs (up ~12.6% from ₹1,38,545.25 lakhs) and profit before tax rose to ₹17,731.77 lakhs from ₹16,897.28 lakhs (~4.9% growth). The consolidated results are largely supported by wholly-owned subsidiary Gurgaon Infospace Limited, which alone reported net profit after tax of ₹10,614.06 lakhs for FY25 on total assets of ₹1,25,345.18 lakhs. On a standalone basis, profit before tax dipped to ₹3,703.74 lakhs from ₹3,936.15 lakhs, and net cash from operating activities turned negative at ₹(235.92) lakhs versus ₹138.15 lakhs last year. The auditor noted that comparative FY24 figures were reviewed by a predecessor audit firm, indicating an auditor change.
Clean audit opinion and growing consolidated balance sheet — boosted mainly by the Gurgaon Infospace subsidiary — are positives for shareholders. However, the standalone operating cash flow turned negative and standalone profit slipped slightly, which warrant monitoring. The change in statutory auditor is also worth noting.