We hereby inform you that the Board of Directors of the Company, in their Board Meeting held on today, i.e. on Thursday, May 29, 2025, at the registered office of the company, which was ....
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Nexxus Petro Industries' Board, meeting on May 29, 2025, approved audited financial results for FY25 with an unmodified (clean) audit opinion from Keyur Shah & Associates. Revenue from operations rose to ₹3,049.34 lakhs from ₹2,377.85 lakhs in FY24, a growth of about 28%. Net profit after tax increased to ₹508.78 lakhs from ₹352.00 lakhs, up roughly 44.5%, with basic EPS improving to ₹10.14 from ₹9.08. The company recently listed on BSE Emerge in October 2024 following an IPO that raised about ₹1,748.63 lakhs (net of expenses), reflected in the sharp rise in reserves and equity. Notably, cash flow from operations remained negative at around -₹775.77 lakhs, and trade receivables more than doubled to ₹2,988.94 lakhs, indicating working capital pressure.
Strong top-line and profit growth is positive for shareholders, but the negative operating cash flow and ballooning receivables are concerns that investors should monitor. The clean audit opinion and post-IPO balance sheet strengthening are supportive factors.