Integrated Filing
KERNEX · price
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Kernex Microsystems announced audited standalone and consolidated financial results for Q4 and full year ended March 31, 2025. The company swung from a consolidated loss of Rs. 2,670.98 lakhs in FY24 to a profit of Rs. 1,675.94 lakhs in FY25, driven by a sharp rise in revenue from operations (FY25 revenue from operations around Rs. 19,443 lakhs standalone, up from Rs. 8,985 lakhs in FY24). Basic EPS turned to Rs. 4.26 on a standalone basis versus a loss per share of Rs. 7.03 last year. The board also appointed Ms. Sreelakshmi Manthena as Managing Director for 3 years, re-appointed M/s Thirupathi & Associates as Internal Auditors for FY26, and granted 1,200 ESOPs to eligible employees. There are no defaults on loans or debt securities.
Strong turnaround story with revenue more than doubling and a return to profitability should be viewed positively by shareholders. However, the auditor's qualified opinion on standalone results (for non-recognition of Rs. 1,584.25 lakhs impairment on subsidiary investments) and Emphasis of Matter on long-pending trade receivables (Rs. 422 lakhs) and margin money deposits (Rs. 1,905 lakhs) under arbitration are yellow flags warranting close monitoring.