Approval of Audited Financial Results of the Company for the quarter and year ended on 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for Q4 FY25 and the full year ended March 31, 2025. Standalone revenue from operations rose to Rs 3,278.28 lakhs from Rs 2,986.54 lakhs last year (about 10% growth). Net profit jumped sharply to Rs 271.67 lakhs from Rs 69.42 lakhs in FY24, with EPS rising to Rs 2.49 from Rs 0.64. The auditor issued a Qualified Opinion due to risks around the subsidiary Kesar Multimodal Logistics Ltd (KMLL), which has defaulted on borrowings of Rs 17,156.17 lakhs where the company is a corporate guarantor, has fully eroded net worth, and faces IBC proceedings. The company has signed an SSPA to divest 100% of KMLL to DP World (Long Stop Date July 31, 2025). Additional concerns include ongoing Supreme Court litigation with Deendayal Port Trust over lease rentals and transfer fees. The Board also fixed the 17th AGM for September 17, 2025 and appointed a new secretarial auditor for 5 years.
Strong standalone earnings growth is overshadowed by significant hidden risks: a Rs 17,156 lakh potential liability from corporate guarantees for subsidiary KMLL, an unprovided impairment risk on Rs 17,910 lakhs of investments and loans to KMLL, and uncertain lease liabilities from the DPT dispute. The qualified audit opinion and going-concern flag on the subsidiary signal material risk that could weigh on the stock and shareholder value.