Audited Financial results for the quarter/half year/ year ended on 31.03.2025 approved in the board meeting held today on 30.05.2025 at Corporate office of the company.
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The board approved audited results for FY25 on 30 May 2025. Total income for FY25 was Rs 36.09 lakh vs Rs 35.46 lakh in FY24, a marginal ~1.8% rise. However, net profit declined to Rs 17.03 lakh from Rs 19.15 lakh, and Q4 standalone net profit fell to Rs 5.21 lakh from Rs 7.14 lakh. Employee expenses rose sharply to Rs 8.46 lakh from Rs 5.30 lakh. Operating cash flow was negative at Rs -25.09 lakh (vs Rs -13.58 lakh last year). The statutory auditor issued an unmodified (unqualified) opinion but flagged an Emphasis of Matter: Rs 2 crore given in FY 2013-14 to One City Promoters Pvt Ltd (a company under the same management) for a real-estate project remains unrecovered, with the net balance at Rs 2 crore. The board also re-appointed Deepak Somaiya & Co. as Secretarial Auditor for FY26.
Despite a clean audit opinion, investors should note the long-standing, unrecovered Rs 2 crore related-party loan (same management) and persistent negative operating cash flow, which raises questions about earnings quality and recoverability of assets.