Audited Financial Results for the Quarter and Year ended March 31, 2025
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Jaykay Enterprises reported audited standalone and consolidated results for FY25. Standalone total revenue grew about 33% YoY to Rs. 2,669.92 lakh, but most of this came from 'other income' of Rs. 2,078.47 lakh, which includes a Rs. 798.14 lakh gain on sale of investments; core operating income was only Rs. 591.45 lakh. Standalone net profit for FY25 was Rs. 1,267.38 lakh vs Rs. 1,292.63 lakh (restated) in FY24 — broadly flat. Q4 FY25 standalone net profit collapsed to just Rs. 16.85 lakh from Rs. 717.87 lakh a year ago. Consolidated revenue grew around 48% to Rs. 9,893.73 lakh. The auditor gave an unmodified opinion but flagged an emphasis of matter around RBI Section 45-IA registration, since over 50% of assets and income are now from financial assets. FY24 numbers were restated to correct a Rs. 792 lakh error where investment in a subsidiary was not eliminated. Net cash used in operating activities was negative Rs. 1,148.05 lakh. A new Secretarial Auditor, M/s Varuna Mittal & Associates, was appointed for five years.
Mixed picture for shareholders: topline growth looks strong but is largely fuelled by investment gains and financial income rather than core aerospace/defence operations, while Q4 profits fell sharply and operating cash flow turned negative. The restatement, RBI registration question, and going-concern flags in group entities add risk and warrant close monitoring of how the recently raised Rs. 14.6 crore rights-issue money is deployed in subsidiaries.