Dear Sir, The Board of Directors in its meeting held on 29/05/2025 at 4.00 p.m. and ended on 6.30 p.m. inter-alia, approved the following: 1. Audited Statement of Financial Results ....
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The Board approved audited financial results for Q4 FY25 and full year FY25 along with audited Balance Sheet and Cash Flow Statement. Revenue from operations for FY25 grew about 22.7% year-on-year to Rs. 102.14 lakhs (vs Rs. 83.23 lakhs in FY24). FY25 reported Net Profit jumped sharply to Rs. 571.70 lakhs from Rs. 14.55 lakhs in FY24, largely driven by fair value gains on investments in IndiaNivesh Renaissance Fund and Kalpvriksha Trust measured under IND-AS 109. However, Q4 FY25 standalone showed a loss with PAT of Rs. (70.62) lakhs versus a profit of Rs. 11.63 lakhs in Q4 FY24. Total Comprehensive Income for FY25 was negative at Rs. (119.43) lakhs, leading to a negative EPS of Rs. (2.45). Operating cash flow turned sharply negative at Rs. (234.85) lakhs versus a positive Rs. 631.04 lakhs in FY24. The auditor (Hiren Buch Associates) issued an unmodified opinion and no exceptional items were reported.
Shareholders should note that the headline profit growth is mostly paper gains from investment revaluation rather than core operations. The negative operating cash flow, Q4 loss, negative total comprehensive income and negative EPS suggest underlying business weakness despite the top-line growth.