A revision to the originally submitted financial results on May 30, 2025 at 21:19:23 PM has been necessitated due to a classification error identified post submission. Specifically, fixed ....
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Logica Infoway Ltd has submitted revised audited financial results for the half year and FY ended March 31, 2025, after correcting a classification error where fixed deposits maturing within 12 months were wrongly shown under 'Non-Current Assets' instead of 'Current Assets'. The change is purely presentational and does not affect revenue, profit, or EPS. Revenue from operations grew to ₹1,11,163 lakhs (from ₹1,06,424 lakhs), while net profit rose to ₹1,050.72 lakhs (from ₹809.63 lakhs), a ~30% jump. EPS improved to ₹6.12 from ₹4.73. The auditor (R. Rampuria & Co.) issued an unmodified opinion. No dividend has been recommended, and the company issued 6.93 lakh equity shares via preferential allotment at a premium of ₹222.30 per share during the year.
The revision is cosmetic only and should not materially impact shareholder value or stock price, though it may temporarily dent confidence due to the need for a restatement. Strong ~30% PAT growth and improved EPS are positive signals for shareholders.