Outcome of Board Meeting dated Today, Tuesday, May 6, 2025
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The Board of Directors approved audited standalone and consolidated financial results for Q4 FY25 and the full financial year ended March 31, 2025. Standalone revenue from operations grew to Rs. 278.19 crore in FY25 from Rs. 258.61 crore in FY24, a rise of about 7.6%. Standalone profit after tax was Rs. 3.47 crore in FY25 versus Rs. 58.23 crore in FY24; the FY24 figure was inflated by a large one-time exceptional gain of Rs. 85.75 crore (mainly derecognition of financial liabilities of Rs. 120.4 crore). No exceptional items were reported in FY25. Auditor Sen & Ray issued an unqualified (clean) opinion on both standalone and consolidated results. Cash flow from operations turned sharply negative at Rs. (41.37) crore in FY25 versus Rs. 12.48 crore positive in FY24, with the company taking on new borrowings of about Rs. 30 crore to fund working capital and capex.
The sharp swing to negative operating cash flow is a concern, as the company is now consuming cash to fund its working capital despite modest revenue growth. The huge drop in headline PAT is misleading since FY24's profit was boosted by one-time accounting gains; underlying profitability in FY25 remains thin. Shareholders should watch cash generation and debt levels closely in upcoming quarters.