Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations"), this ....
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Awaiting price reaction for this filing.
Krishna Ventures' board, meeting on May 10, 2025, approved the audited standalone financial results for Q4 and FY ended March 31, 2025. The company reported a sharp widening of losses with FY25 net loss at Rs 87.55 lakhs versus Rs 46.95 lakhs in FY24, and Q4 FY25 loss at Rs 42.37 lakhs versus Rs 5.67 lakhs in Q4 FY24. Total income for FY25 slipped slightly to Rs 216.68 lakhs from Rs 226.07 lakhs, while total expenses rose to Rs 304.04 lakhs. Other equity turned negative at Rs (21.07) lakhs, indicating erosion of reserves. Total assets grew significantly to Rs 2,535.52 lakhs, driven largely by capital work-in-progress (Rs 614.83 lakhs) and higher non-current liabilities. The auditor issued an unmodified (clean) opinion, though noted that the Dehradun land title deed is not yet in the company's name. The board also continued the appointment of M/s G Aakash & Associates as Secretarial Auditor for FY25.
Negative for shareholders — losses have nearly doubled year-on-year and reserves are now negative, signaling financial weakness despite an unmodified audit opinion. The stock may see pressure given deteriorating profitability, though operating cash flow was marginally positive.