Audited Financial Results for the quarter and year ended on 31st March, 2025.
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KBS India Ltd reported FY25 total income of Rs. 351.01 lakh vs Rs. 346.87 lakh last year. Revenue from operations grew sharply by ~36% to Rs. 236.74 lakh from Rs. 173.70 lakh. Net profit for FY25 surged to Rs. 17.00 lakh from Rs. 7.18 lakh, a rise of about 137%. For Q4 FY25, the company swung back to a Rs. 6.06 lakh profit from a Rs. 6.07 lakh loss in Q4 FY24, though quarterly revenue dipped to Rs. 42.67 lakh. The board also re-appointed M/s. D N Vora & Associates as Secretarial Auditor for five years (FY26-FY30), subject to shareholder approval. The statutory auditor flagged an Emphasis of Matter concerning a long-term loan of Rs. 16.65 crore owed by a struck-off Singapore subsidiary, for which no provision has been made, which the auditor says has resulted in a misstatement of profit and accumulated reserves.
Strong profit growth is a positive for shareholders, but the auditor's emphasis on an unrecovered Rs. 16.65 crore loan from a struck-off foreign subsidiary — with no provision made — is a key risk that could weigh on the stock and reflects weak asset quality on the balance sheet.