Results for the Financial Year ended March 31, 2025
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Naksh Precious Metals Ltd (formerly Vaksons Automobiles Ltd) reported audited FY25 results with an unmodified auditor opinion from DGM S & Co. Total revenue jumped from Rs 50.25 lakh in FY24 to Rs 215.81 lakh in FY25, a roughly 330% year-on-year increase. Net profit for FY25 came in at Rs 45.25 lakh versus a very small base in FY24, marking strong profit growth. Cash and bank balances rose sharply from Rs 0.40 lakh to Rs 113.88 lakh, almost entirely held as cash-in-hand (Rs 113.43 lakh). The auditor flagged a Key Audit Matter noting it could not physically verify the Rs 113.42 lakh cash-in-hand balance due to lack of supporting documentation like cash verification reports or bank withdrawal slips.
The sharp jump in revenue and profits signals a meaningful business turnaround, but the auditor's inability to verify the bulk of the new cash balance and the company's very small scale (results in lakhs, not crores) make this a high-risk situation for retail investors to watch closely before drawing strong conclusions.