Appointment of M/s V V Patel & Co., Chartered Accountants, as Internal Auditor of the company for the FY 2025-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jhaveri Credits & Capital Ltd's board, meeting on May 28, 2025, approved audited financial results for FY25 along with key auditor appointments. Full-year revenue came in at ₹2,332.12 lakhs, down from ₹2,641.73 lakhs in FY24, but net profit rose about 50% to ₹240.94 lakhs from ₹161.03 lakhs, with basic EPS improving to ₹2.68 from ₹1.79. However, Q4 FY25 alone swung to a net loss of ₹100.04 lakhs versus a profit of ₹35.06 lakhs in Q4 FY24, and revenue from operations dropped sharply to ₹95.71 lakhs for the quarter. The statutory auditors, KDN & Associates LLP, issued an unmodified opinion on the results. The board also appointed M/s ALAP & Co. LLP as secretarial auditors for a 5-year term and M/s V V Patel & Co. as internal auditors for FY 2025-26.
Annual profitability improved materially, but the steep Q4 loss and revenue decline may worry short-term investors. The auditor appointments are routine governance actions and not a red flag.