The Board of Directors of the Company in their meeting held today i.e. on 29th May, 2025, inter alia, has: Approved the Standalone Audited Financial Statements of the Company for Quarter ....
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The Board of Directors of Kush Industries Limited approved the audited standalone financial results for the year ended 31st March, 2025, along with an Unmodified (clean) audit opinion from V H Gundarwala & Co. Revenue from operations jumped sharply to Rs. 66.32 lakh (vs just Rs. 0.92 lakh in FY24), with total income at Rs. 75.30 lakh. However, the company posted a net loss of Rs. 5.21 lakh for FY25, compared to a profit of Rs. 227.08 lakh in FY24, which was entirely driven by a one-time exceptional gain of Rs. 231.40 lakh (profit on disposal of undertaking). The company continues to carry deeply negative net worth of Rs. (724.74) lakh against current borrowings of Rs. 952.50 lakh, and reported negative operating cash flow of Rs. (12.04) lakh.
Despite a clean audit report, the company's negative net worth, continuing operating losses, and significant related-party inter-corporate deposits raise serious solvency concerns for shareholders. The sharp revenue jump reflects a restart of operations after the FY24 divestment rather than organic growth.