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.
The board approved audited standalone financial results for FY25. Total income from operations jumped to Rs. 124.32 lakhs from Rs. 52.24 lakhs in FY24, driven mainly by the Motion Pictures business (Rs. 113.04 lakhs vs Rs. 39.10 lakhs). The company swung to a net profit of Rs. 25.47 lakhs in FY25 compared to a loss of Rs. 74.76 lakhs in FY24, with Q4 alone contributing Rs. 52.92 lakhs in profit. EPS turned positive at Rs. 318.34. However, cash flow from operations remained negative at Rs. (61.20) lakhs. The statutory auditor flagged several concerns: an interest-free loan of Rs. 258.19 lakhs given without proper documentation, deposits of Rs. 2,218.28 lakhs with SKM Real Infra (under IBC) and Rs. 1,500 lakhs with SRUIL (under liquidation), non-compliance with Ind AS 15 on gratuity valuation, and missing edit log under the Companies Act. The company also disclosed it is shifting focus from wellness to films, media and TV business.
The return to profitability and strong revenue growth are positives, but serious red flags remain. Two large deposits (totalling over Rs. 37 crore) are stuck in IBC/liquidation proceedings, the auditor's language suggests a qualified rather than truly unmodified opinion, and the company continues to burn cash from operations. Shareholders should be cautious — the headline profit masks underlying asset quality and going-concern risks.