Kross Limited has informed the Exchange regarding Board meeting held on May 16, 2025.
KROSS · price
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Awaiting price reaction for this filing.
Kross Limited's board approved audited standalone financial results for Q4 and FY ended March 31, 2025. Revenue from operations was Rs. 6,204.10 lakhs in FY25 versus Rs. 6,202.50 lakhs in FY24, essentially flat year-on-year. Profit after tax rose about 7% to Rs. 480.27 lakhs from Rs. 448.81 lakhs, while profit before tax grew around 10% to Rs. 673.89 lakhs from Rs. 612.90 lakhs. Statutory auditor S.K. Naredi & Co. issued an unmodified (clean) opinion. The company, which listed on NSE/BSE in September 2024 after its IPO, had Rs. 744.27 lakhs of net IPO proceeds still unutilized as of March 31, 2025. The board also appointed Mr. Sital Prasad Swain as Secretarial Auditor for five years (FY26–FY30), M/s. Aditya Bhojgaria & Co. as Cost Auditor for FY26, and GWC Professional Services Pvt. Ltd. as Internal Auditor for FY26.
Investors see steady but unspectacular earnings with a clean audit report and no negative surprises, which should be neutral to mildly positive for sentiment. The large unutilized IPO proceeds and how they are deployed in coming quarters will be the key thing to watch for future growth.