Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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Kenrik Industries Ltd, a BSE SME-listed gold, silver and bullion trading company (recently listed on 9 May 2025), announced its first audited annual results post-IPO via board meeting held on 28 May 2025. FY25 revenue from operations stood at about Rs. 74.74 crore versus Rs. 70.77 crore in FY24, a modest growth of roughly 5–6%. However, profit after tax fell sharply from about Rs. 1.42 crore in FY24 to around Rs. 75 lakh in FY25, a decline of nearly 47%, indicating margin pressure. More concerning is the operating cash flow, which swung from a positive Rs. 2.19 crore in FY24 to a negative Rs. 2.53 crore in FY25, largely driven by a sharp rise in inventory and receivables. The statutory auditor (VSSB & Associates) issued an unmodified (clean) opinion but flagged an Emphasis of Matter regarding Rs. 5.46 crore of old unreconciled bank transactions from FY24, of which Rs. 2.17 crore remains outstanding as on 31 March 2025.
Mixed-to-negative read for shareholders: topline grew slightly but bottomline nearly halved and operating cash turned negative, raising working capital concerns. The Emphasis of Matter on unresolved old bank transactions adds a governance red flag that investors should track, even though the auditor's overall opinion remains clean.