Outcome of Board Meeting held on 29th May, 2025
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Awaiting price reaction for this filing.
The Board approved audited results for FY25. Revenue from operations jumped to Rs 6,407.78 lacs from Rs 2,384.56 lacs in FY24, a growth of about 169%. Full-year profit after tax slipped to Rs 179.72 lacs from Rs 219.46 lacs in FY24. The Q4 standalone quarter was sharply weaker, with PAT falling to just Rs 17.06 lacs versus Rs 150.26 lacs in Q4 FY24. The company raised Rs 1,440 lacs through fresh equity, lifting share capital from Rs 480 lacs to Rs 1,920 lacs, while taking on new borrowings of Rs 6.35 lacs. Operating cash flow swung sharply negative to -Rs 1,623.19 lacs against +Rs 279.36 lacs last year, mainly because trade receivables ballooned from Rs 867 lacs to Rs 1,964 lacs. The auditor flagged a TAN-related compliance issue as an Emphasis of Matter, and the audit report language references possible effects on the opinion.
Top-line growth is strong but profitability is weakening and most of the sales are stuck in receivables rather than cash — investors should monitor collection of the Rs 1,964 lacs in trade receivables closely. The fresh equity infusion supports the balance sheet but also dilutes existing holders, and Q4's steep PAT drop signals near-term earnings pressure.