approval of audited result 31.03.2025
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The board approved audited FY25 results with revenue from operations of ₹698.40 lakhs versus ₹181.27 lakhs in FY24 (nearly 4x growth). Profit after tax jumped to ₹539.17 lakhs from just ₹0.18 lakhs, pushing EPS to ₹14.88 versus near-zero. However, about ₹537.85 lakhs of the profit came from a one-time gain on disposal of property, plant and equipment (sale proceeds of ₹591.98 lakhs during the year), while 'other income' of ₹582.19 lakhs made up most of total income. The auditor (Rajendra J. Shah & Co.) issued an unmodified (clean) opinion. Operating cash flow was sharply negative at -₹541.41 lakhs, with trade receivables up ₹152.39 lakhs and loans & advances up ₹446.25 lakhs. Total assets grew to ₹884.36 lakhs and the company became debt-free on non-current borrowings.
Headline revenue and profit look dramatically stronger, but most of the profit is driven by a one-time asset sale rather than core operations; negative operating cash flow and rising loans/receivables suggest working capital strain, so shareholders should treat the earnings spike as largely non-recurring.