Outcome of the Board Meeting held on 27th May, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board of Nettlinx Limited approved audited financial results for Q4 and FY ended 31st March 2025. On a consolidated basis, total income grew 23.5% to Rs. 4,061.53 lakhs (vs Rs. 3,288.88 lakhs in FY24), and profit after tax rose to Rs. 814.94 lakhs (vs Rs. 671.01 lakhs). Standalone FY25 total income rose to Rs. 2,279.22 lakhs, though standalone PAT dipped to Rs. 568.46 lakhs from Rs. 633.85 lakhs. Statutory auditor Niranjan & Narayan issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also approved the sale of its material subsidiary Sri Venkateswara Green Power Projects Limited for Rs. 8.39 crores (about 17.73% of consolidated net worth), subject to shareholder approval via postal ballot. M/s. Murthy & Kanth was appointed as internal auditor for FY 2025-26.
Consolidated revenue crossed the 20% growth mark with improving profitability, which is supportive for the stock. The clean audit opinion and the cash inflow from divesting a non-core subsidiary (green power) are positives, while the standalone profit dip and the modest scale of operations warrant continued monitoring.