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Awaiting price reaction for this filing.
Kovalam Investment & Trading Company (an NBFC) reported audited results for FY25 with total income of Rs 125.48 lakhs, down from Rs 172.43 lakhs in FY24 (~27% decline). The company swung from a profit after tax of Rs 1,241.49 lakhs in FY24 to a loss of Rs (1,453.98) lakhs in FY25. Total comprehensive income for the year was Rs (1,289.50) lakhs versus Rs 1,546.64 lakhs prior year. Basic and diluted EPS turned negative at Rs (3.35) versus Rs 7.40 in FY24. For Q4 FY25 alone, PAT was Rs (2,597.69) lakhs versus Rs (693.43) lakhs in Q4 FY24. Cash flow from operating activities turned negative at Rs (94.94) lakhs versus positive Rs 85.54 lakhs in FY24. The statutory auditor M/s YAPL & Co. issued an unmodified opinion on the annual results.
The shift from profit to a sizeable loss, coupled with declining income and negative operating cash flow, signals deteriorating financial performance for shareholders. The stock may face negative sentiment despite the clean auditor opinion, as the loss reflects significant mark-to-market or fair value adjustments on the NBFC's investment portfolio.