Reappointment of Internal Auditor
Price
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Awaiting price reaction for this filing.
Kovalam Investment & Trading Company Ltd announced audited financial results for Q4 and full year ended March 31, 2025, along with the reappointment of its internal auditor. Total income from operations for FY25 stood at Rs. 103.12 lakhs, down from Rs. 172.43 lakhs in FY24. Profit before tax for FY25 was Rs. 198.04 lakhs compared to Rs. 349.33 lakhs in the previous year, while basic EPS fell to Rs. 7.40 from Rs. 13.72. Total assets stood at Rs. 7,510.49 lakhs against Rs. 8,939.47 lakhs a year earlier. The board reappointed M/s. Piyush Singla & Associates, Chartered Accountants, as internal auditors for FY 2025-26, and statutory auditors M/s. YAPL & Co. issued an unmodified (clean) opinion on the results.
Sharply lower profits and weaker income year-on-year may be viewed negatively by shareholders, though a clean audit opinion and continuity in auditors support governance stability. The stock is thinly traded and the company is a small NBFC, so price reaction is likely muted.