Kindly find enclosed herewith Consolidated and Standalone audited financial results for the quarter and year ended on 31st March,2025
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Last Mile Enterprises Ltd reported a sharp jump in consolidated revenue to Rs 38,515.83 lakhs in FY25, up nearly 194% from Rs 13,102.44 lakhs in FY24, driven mainly by the mobile accessories and gadgets business (subsidiary Damson Technologies). Consolidated profit after tax surged to Rs 1,795.43 lakhs from Rs 300.41 lakhs, a roughly 5x increase, while standalone PAT rose to Rs 1,058.76 lakhs from Rs 103.09 lakhs. The company executed a 1:10 stock split during the quarter and raised fresh capital of about Rs 262 crores through share and warrant issues. The auditor (Prakash Tekwani & Associates) issued a clean, unqualified opinion on both sets of results. However, cash flow from operations turned sharply negative at Rs (19,699) lakhs versus Rs (2,218) lakhs last year, reflecting a heavy build-up of trade receivables, inventories and other current assets. Prior-year consolidated numbers were restated as a subsidiary adopted Ind AS for the first time.
Strong headline revenue and profit growth is a positive signal, but the deeply negative operating cash flow raises concerns about working-capital strain and quality of earnings. Shareholders should note the significant equity dilution from the share split and large fund raise, and watch how management converts working capital into actual cash in coming quarters.