Pursuant to Regulation 30 and schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Board of Directors of the Company at its meeting held today, ....
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The Board approved audited standalone financial results for Q4 and FY ended 31st March 2025, with statutory auditors M/s. Mahesh Udhwani & Associates giving an unmodified (clean) opinion. Total income rose modestly to Rs. 364.78 lakhs (vs Rs. 354.47 lakhs last year), but profit after tax surged to Rs. 123.19 lakhs from Rs. 18.76 lakhs, driven mainly by sharply lower impairment provisions and expense reversals. The Board also appointed M/s. Upadhyay & Company LLP as Internal Auditors for FY25-26. The company separately confirmed it does not qualify as a 'Large Corporate' and had no qualified borrowings during the year.
The sharp jump in profits is largely because last year had heavy impairment provisions while this year had reversals and much lower expenses, rather than from strong top-line growth. Other equity remains deep in the negative at Rs. (6,674.51) lakhs, and operating cash flow turned negative at Rs. (44.37) lakhs, which are points retail investors should weigh against the headline profit growth.