REVISED STANDALONE FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED 31/03/2025 ALONG WITH AUDITORS REPORT ATTACHED AND RESUBMITTED TO STOCK EXCHANGE
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Awaiting price reaction for this filing.
Khyati Multimedia Entertainment Ltd reported a net loss of Rs 91.44 lakhs for FY25, swinging from a small profit of Rs 1.83 lakhs in FY24. Total income was Rs 186.68 lakhs (vs Rs 187.29 lakhs in FY24) against total expenses of Rs 314.24 lakhs, with the Q4 standalone quarter showing almost no revenue booked. The balance sheet remains weak with negative other equity of Rs 969.93 lakhs, and cash and equivalents fell sharply from Rs 47.11 lakhs to Rs 2.50 lakhs. The statutory auditor issued a Qualified Opinion, flagging three concerns: a Rs 2.09 crore unverified advance paid for land with no agreements or confirmations, a Polo Championship event held outside the company's stated business objects, and revenue recognition from this event not aligned with Ind AS 115 due to lack of contracts. An Emphasis of Matter was also added for the company's investment in Khyati Retail & Eatery Pvt Ltd, which is reported at book value with no fair-value evidence. The filing itself is a revised and resubmitted version, indicating the original results were corrected.
This is a red-flag filing: a qualified audit opinion, a full-year loss, near-empty cash, and deeply negative reserves (other equity of nearly Rs 10 crore) raise serious going-concern-style worries for retail shareholders. The stock is likely to face negative sentiment, and the unresolved land advance of Rs 2.09 crore remains a key risk if not recovered.