Outcome of the Board Meeting for approval of Financial results attached herewith for 31.03.2025.
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Awaiting price reaction for this filing.
Kretto Syscon Ltd announced audited financial results for FY25 (year ended March 31, 2025). Revenue from operations stood at Rs 1,097.45 lakhs with total income of Rs 1,170.56 lakhs, versus essentially no operating revenue in FY24 (only Rs 70.20 lakhs in other income). Profit after tax jumped to Rs 413.29 lakhs from Rs 25.43 lakhs in the previous year. The company raised Rs 47.04 crore through a rights issue of 4.70 crore equity shares at Rs 1 each on October 11, 2024. Auditor Nirav S Shah & Co. issued an unmodified (clean) opinion on the financial statements. The board also appointed Mr. Himanshu Togadiya, PCS as Secretarial Auditor for FY25. Four pending income tax disputes (AY 2014-15 to 2018-19) totaling around Rs 2.90 crore were disclosed, and a related-party loan of Rs 50.15 lakhs to R. Stone Design & Build Pvt Ltd remains outstanding.
Sharp year-on-year growth in both revenue and profits, supported by fresh capital infusion via rights issue, is positive for shareholders. However, the stock remains a small-cap with related-party exposure, pending tax litigations, and a recent auditor change — investors should weigh growth against these governance and contingent-liability risks.