Audited financial results for the quarter and year ended 31.03.2025
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The Board approved audited financial results for Q4 and FY25 on May 27, 2025, with statutory auditors M/s. P R Agarwal & Awasthi issuing an unmodified opinion. Total income for FY25 rose about 21% YoY to Rs. 8.56 lakhs (vs Rs. 7.05 lakhs), but the base is very small and revenue from operations appears negligible. The company swung from a loss of Rs. 2.21 lakhs in FY24 to a profit of Rs. 0.56 lakhs for the full year, yet Q4 FY25 itself ended in a loss of Rs. 2.07 lakhs. The balance sheet is severely stressed: Other Equity stands at negative Rs. 1,062.91 lakhs, taking total equity to negative Rs. 284.28 lakhs, while borrowings of Rs. 284.65 lakhs remain on the books. Operating cashflow was negative at Rs. 0.16 lakhs for FY25, and cash and equivalents fell to just Rs. 2.34 lakhs.
Despite an unmodified audit opinion and a marginal full-year turnaround, the deeply negative net worth, negligible revenue base, and continuing quarterly losses raise serious concerns about the company's long-term viability and solvency. Shareholders should treat this as a high-risk, micro-cap situation where stock price could remain under pressure.