Audited Financial Results for the Quarter and Year ended on March 31, 2025
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On a standalone basis, revenue from operations grew sharply to Rs. 670.76 lakhs in FY25 from Rs. 411.45 lakhs in FY24 (up ~63%), while net profit jumped to Rs. 87.23 lakhs from Rs. 25.13 lakhs (up ~247%). EPS rose to Rs. 2.79 from Rs. 0.81. However, finance costs were very heavy at Rs. 509.70 lakhs, eating into earnings. On a consolidated basis (including subsidiary Efficient Tie up Private Limited), the picture is starkly different: the company swung to a net loss of Rs. (580.26) lakhs versus Rs. (148.82) lakhs in FY24, driven by a Rs. (667.49) lakh loss from the subsidiary. Total borrowings fell sharply to Rs. 3,400.59 lakhs from Rs. 8,589.70 lakhs, and loans given also dropped from Rs. 8,600.12 lakhs to Rs. 3,322.00 lakhs. The auditor (M/s Labadiya & Mehta) issued an unmodified opinion on both standalone and consolidated results. A change in Company Secretary was also noted.
Standalone numbers look healthy with strong top-line and bottom-line growth, but the massive consolidated loss due to the subsidiary is a major red flag for shareholders — the group as a whole is loss-making and EPS turns deeply negative on a consolidated basis. The very high finance costs (around 76% of standalone revenue) and elevated debt-to-equity ratio (~6.75x standalone) signal significant leverage and interest burden, warranting caution despite the headline profit growth.