Approval of audited financial results for the quarter and financial year ended March 2025
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from joint statutory auditors. The company reported revenue from operations of Rs. 452.00 lakhs and total income of Rs. 471.00 lakhs for FY25. Profit after tax stood at Rs. 77.10 lakhs versus a loss of Rs. 12.42 lakhs in FY24, marking a turnaround driven by the company's pivot into digital media and advertising agency business (old retail business treated as discontinued operations). The board also approved forming two new subsidiaries — EarnX AI Tech Inc. (US) and MA Asia Pte Ltd (Singapore) — under its UK-based subsidiary Mobavenue Global Holdings Ltd, and noted a proposed scheme of arrangement with Mobavenue Media Pvt Ltd. The company withdrew Rs. 918.83 lakhs from a partnership firm and sold preference shares for Rs. 917.50 lakhs during the year.
For shareholders, the filing shows a turnaround from loss to profit on the back of a new digital advertising business line, but the operating cash flow was negative (Rs. -155.70 lakhs) and trade receivables of Rs. 454.46 lakhs nearly match annual revenue, signalling working-capital strain. Global subsidiary formation signals growth ambition but adds execution risk, and a mid-year addition of a joint auditor (N.A. Shah Associates LLP) and a pending scheme of arrangement are items to watch closely.