Outcome of Board Meeting for consideration of Audited Standalone Financial results for the Half year and Year ended on March 31, 2025
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The Board approved audited standalone financial results for FY ending March 31, 2025. Total income rose to ₹800.32 lakhs (up ~17% from ₹682.31 lakhs), driven by revenue from operations of ₹797.70 lakhs, a 20.3% YoY increase. Profit after tax grew to ₹40.83 lakhs (up ~23% from ₹33.18 lakhs), with EPS at ₹0.92 versus ₹0.75. However, operating cash flow turned sharply negative at ₹204.19 lakhs (compared to a positive ₹135.13 lakhs last year), driven by unfavorable working capital movements including a steep inventory and receivables build-up. Long-term borrowings more than doubled to ₹411.48 lakhs (from ₹171.73 lakhs), while reserves and surplus grew modestly to ₹350.59 lakhs. The statutory auditor (Ashit N. Shah & Co.) issued an unmodified/unqualified opinion on the results.
Strong headline profit growth conceals a serious cash-flow deterioration — the company is now burning cash from operations and leaning heavily on long-term borrowings to fund working capital. For shareholders, the improving top line and bottom line are positives, but the widening gap between accounting profit and operating cash, alongside rising debt, is a yellow flag for near-term financial health.