Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Landmarc Leisure reported a sharp turnaround in FY25 with total operating income of Rs. 124.32 lakhs, more than doubling from Rs. 52.24 lakhs in FY24, driven mainly by its Motion Pictures business (Rs. 113.04 lakhs vs Rs. 39.10 lakhs). The company swung to a net profit of Rs. 25.47 lakhs from a loss of Rs. 74.76 lakhs in FY24, with Q4 FY25 alone posting Rs. 52.92 lakhs profit. Despite this, operating cash flow remained deeply negative at Rs. (61.20) lakhs, indicating weak cash generation. Major concerns flagged include Rs. 2,218.28 lakhs deposit stuck with SKM Real Infra and Rs. 1,500 lakhs with Shree Ram Urban Infrastructure – both now under IBC resolution – for which no doubtful-debt provision has been made. The company's statutory auditor's report opens with the phrase 'Except for the matter stated below gives a true and fair view,' which is the standard wording for a qualified opinion, even though the company declared it as unmodified.
Headline profitability is a positive surprise, but shareholders should weigh this against Rs. 3,718+ lakhs of deposits exposed to insolvency proceedings with no provisioning, persistent negative operating cash flow, and the apparent contradiction between the auditor's qualified-opinion language and the company's 'unmodified' declaration. Stock may react positively to the turnaround narrative in the short term, but underlying asset-quality risks remain material.