Financial Result for the Year ended on 31st March, 2025.
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Kedia Construction Company reported audited FY25 results with total income rising to Rs 30.36 lakhs from Rs 17.60 lakhs in FY24, a jump of roughly 72%. Despite this revenue growth, the company swung to a net loss of about Rs 32.28 lakhs in FY25 (loss per share of Rs 1.08) compared to a small profit in FY24, driven largely by an exceptional item charge of Rs 14.45 lakhs and higher overall expenditure. Net cash from operating activities was positive at Rs 19.80 lakhs. The statutory auditor, Jhunjhunwala Jain & Associates LLP, issued an unmodified opinion but flagged an Emphasis of Matter on two issues: (a) a pending court case with LIC of India over the Ridge Road property carried at Rs 67.40 lakhs in inventory with no provision made, and (b) a pending Scheme of Amalgamation with Kirti Investments Limited awaiting NCLT approval.
Revenue growth is encouraging, but shareholders should note the swing to a net loss and the ongoing litigation and amalgamation scheme, both of which could materially affect future earnings and the company's asset base. Near-term sentiment may stay cautious until the LIC case and NCLT approval are resolved.