Board Meeting held on 23rd May 2025
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NCC Bluewater Products' Board of Directors met on May 23, 2025 and approved the audited financial results for the quarter and full year ended March 31, 2025, along with the audited annual financial statements. The statutory auditors, K.P. Rao & Co., issued an unmodified (clean) opinion on the FY25 results, confirming the figures present a true and fair view. An exceptional item of approximately Rs. 13 lakh was recognized in Q4 FY25, related to a non-performing asset (NPA) loan write-off. The cash flow statement shows a positive net cash flow from operating activities of Rs. 707.22 lakhs for FY25, indicating healthy operating cash generation. The detailed year-on-year revenue and profit numbers were not clearly legible from the document.
A clean, unmodified audit opinion is positive and removes any uncertainty about the reliability of the financials. The NPA loan write-off as an exceptional item is a one-time charge that does not affect ongoing operations. With strong positive operating cash flow, the company's core business appears financially healthy heading into FY26.